Islamabad: In its annual Public Sector Development Programme (PSDP) for the fiscal year 2024-25, the government has earmarked PKR 267.95 billion for various ongoing and new initiatives in the power sector. The news has been sourced from an article published a couple of weeks ago.
The budgetary allocation, detailed in a document released recently, divides the funds as follows:
PKR 113.76 billion allocated for ongoing schemes under the PSDP.
PKR 17.40 billion allocated for new schemes.
PKR 136.79 billion allocated from own resources.
The breakdown of the allocation reveals a local component of PKR 135.56 billion and a foreign loan component of PKR 132.39 billion. Notable allocations for ongoing schemes include PKR 4.5 billion each for the 220/132 Kv GIS substation in Dhabiji and the 220 Kv Haripur Substation, PKR 6 billion for the 220Kv Swabi Substation, and PKR 38 billion for the installation of the 2×600 MW Coal Fired Power Project GENCO-I in Jamshoro.
For new schemes, significant allocations include PKR 6.25 billion for land acquisition for a 1200 MW solar power plant in Layyah, PKR 4.5 billion for electricity distribution improvement, and PKR 6 billion for the installation of an assets performance management system for 100 kV and 200 kV distribution transformers.
Additionally, funds have been allocated for the evacuation of power from various projects such as Dasu HPP stage-1, Suki Kinari, Kohala, and Tarbela 5th Extension, among others. Investments are also planned for grid station extension and augmentation projects in Islamabad West, Arifwala, and Sialkot.
These allocations highlight the government’s commitment to enhancing Pakistan’s power infrastructure, ensuring reliable electricity supply across the country.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
