PESHAWAR - Suadi American Consortium has shown its interest to invest up to $2 billion in the development of energy sector projects in Khyber Pakhtunkhwa to utilise natural resources of province in order to generate cheap electricity.
In this context, a simple documentary procedure will be proposed to start various projects in hydel, solar and oil & gas sector on fast track basis. A group of investors of Suadi American Consortium leading by the Princeton Environmental Group’s president Peter Tien paid visit to civil secretariat Peshawar on Thursday.
Meanwhile, the secretary energy & power department Sahibzada Saeen Ahmed gave a detailed presentation to the investor group about the available energy sector projects in Khyber Pakhtunkhwa. The same investment presentation was also attended by CEO PEDO, Engr. Bahadur Shah, CEO KPOGCL Engr. Razi uddin, CPO E&P Syed Zainullah Shah and chief finance officer Akber Ayub. During the presentation, same working investment group was informed about the available 15 hydropower projects those feasibility studies have already been prepared and ready for construction. Group leader Peter Tien has expressed that his group intends to invest up to $2 billion in energy sector of KP but a simple procedure will be adopted in documentary procedure while starting the construction work in these projects. He hoped that our group will produce cheap electricity through available natural energy resources of the province. He stated that our working group will visit again Peshawar in next month to plan the commencement of construction works in energy projects.