Pakistan To Privatize Neelum-Jhelum Power Project

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ISLAMABAD: Pakistan will set up a committee to look into the possibility of privatising the Neelum-Jhelum Power Project in the Pakistan-administered Kashmir or seek investment in it.

“The premier has decided to form a committee to look into the possibility of privatising the Neelum-Jhelum project or entering into a partnership with some investor to ensure its timely completion,” a statement from the Prime Ministers House said on Thursday.

The decision came as Prime Minister Sharif expressed  his displeasure over the undue delays in the project which also have also resulted in an increase in its cost, while chairing the the 15th meeting of the Cabinet Committee on Energy.

The committee has been tasked to present its report within three months for the privitisation or investment in the hydropower project.

“The project must be completed by the first quarter of 2017,” the meeting upheld.

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