Gilgit-Baltistan: German and Hong Kong Companies to Invest in GB Power Sector

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ISLAMABAD (APP): Federal Minister for Gilgit-Baltistan said the government was focusing to make a policy for establishing industrial zones in Gilgit-Baltistan in order to utilize locally produced cheap power.
He was chairing the meeting of GB Power Development Board on Wednesday in which Chief Minister Gilgit-Baltistan Syed Mehdi Shah and Chief Secretary Muhammad Younas Daga also participated. He emphasized the need of a local grid for Gilgit-Baltistan and extension of national grid to the region to get benefit from the cheap resource of energy. Board’s basic Structure and service rules were approved in the meeting.
The minister was informed that German Agency, GIZ, was agreed to provide financial assistance to develop hydro power in GB.
Secretary Kashmir Affairs and Gilgit-Baltistan Division, Shahidullah Baig, informed the members of the meeting that a French Company was ready to help developing a regional grid for Gilgit-Baltistan.
The meeting was also informed that a Hong Kong based group under the name of Tri-GEN was also keen to establish a 1450 MW captive power plant in Hunza.  The Board also approved various proposals to attract foreign investors in the field of power generation.
Barjees advised the members to make arrangements so that electricity provision to the people of Hunza and Nagar could be made possible as early as possible.

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