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October 17th, 2011
Pakistan Has 35 Hydro Projects in Jeopardy

Pakistan is unlikely to make the desired progress to complete 35 hydro power projects with the objective of minimising the energy crisis in the country as donors have yet to disburse any part of the pledged Rs 13 billion for the Public Sector Development Program (PSDP) 2011-12. Official figures for PSDP released for the first quarter (July-September) of the current fiscal year show that the government was not able to release any funds for 35 hydro projects because bilateral and multilateral donors assistance did not materialise. An official of the Planning Commission said that the projects cannot proceed because of paucity of funds and consequently their completion dates may be delayed. He said that implementation of these projects is very critical for the power sector in the long run. Read More