Mon. May 23rd, 2022

AKFED to invest in Gilgit-Baltistan power sector

Islamabad: Industrial Promotion Service’s (IPS) Regional Chief for Asia, Matthew Scanlon called on Chief Minister of Gilgit-Baltistan, Hafiz Hafeezur Rehman, today.

Chief Minister Hafeez has said that the chief of IPS, which is a subsidiary of the Aga Khan Fund for Economic Development, has expressed interest in the energy and power distribution sector in Gilgit-Baltistan. Laying transmission lines and improving the distribution mechanism will lead to reduction of power loss, said Hafeez in a press release.

Secretary for Water and Power, Zafar Waqar Taj was also present during the meeting. He informed the IPS chief about the power sector related issues in the region, identifying areas for potential investment.

IPS has reportedly agreed to create a power grid in Hunza District, and also allocated thirty million dollars for the project.

It is pertinent to note that IPS has invested in power sector in Central Asian countries, and also in Africa, with successful results.

4 thoughts on “AKFED to invest in Gilgit-Baltistan power sector

  1. I had suggested to CM Hafeez SB, in March last year during a meeting with him to offer Doyan Dam project to AKFED for construction. The Doyan project has the capacity to generate 425 MW electricity enough to meet the whole demand of GB, which can be increased further. Am honored to push the work on pre-feasibility and then feasibility of the Dam as the Coordinator for Northern Areas. Engineer Ghulam Abbas who hails from Skardu a Chief of WAPDA has also put a lot of his energies in it. It is a good news that the IPS a subsidiary of KFED has shown the interest to invest in power projects including the laying of transmission line. It is a golden chance to avail for the government of GB of Gilchistan province.

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