ECNEC approves revision in price for land acquisition    

ISLAMABAD: The Government Committee of the Nationwide Financial Council (ECNEC) on Monday accepted the revision in price of land acquisition and constructed up property of Dasu hydro-power undertaking, ARY Information reported.

Presiding over the ECNEC assembly in Islamabad, Adviser to Prime Minister on Finance and Income, Dr. Abdul Hafeez Sheikh mentioned that the Ministry of Regulation could also be requested to present its opinion in per week’s time to save lots of the undertaking from additional delay.

In keeping with a press release launched from the ministry, the undertaking was financed by World Financial institution and WAPDA and was designed to offer 4,320 MW of electrical energy in two levels.

ECNEC additionally accepted the undertaking for the evacuation of energy from 2,160 MW Dasu HPP Stage 1, Dasu to Islamabad by way of Mansehra at a revised price of Rs 90,831.69 million, learn the assertion.

The associated fee was revised resulting from adjustments within the trade fee.

Within the assertion, it was mentioned that the authority additionally accepted the “Engineering Procurement and Development of Balakot Hydropower undertaking, Mansehra on the up to date price of Rs 85,912.926 million.

The undertaking might be sponsored and executed by Vitality and Energy Division, Authorities of Khyber Pakhtunkhwa.

80 per cent financing for the undertaking shall be from Asian Growth Financial institution and 20 per cent from annual growth program of KPK authorities.

The Chair additionally directed to kind a committee to look into the matter of submitting a petition to NEPRA for reference tariff for public sector energy initiatives, learn the assertion.

The discussion board additionally accepted the 220kV Head Faqirian Grid Station Together with 220 kV double Circuit Transmission line from Head Faqirian to Ludewala at an up to date price of Rs 5,812.08 million.

It additionally accepted extension of Intensive Care Division of Mom-Youngster Well being Centre and youngsters hospital at Pakistan Institute of Medical Sciences at an up to date price of Rs 4,270.588 million.

 ECNEC accepted KP built-in tourism growth undertaking at the price of Rs 17,000 million.

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