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He said currently, the Pedo had planned 29 hydel power projects under short, medium and long term framework at the estimated cost of $12 billion.
He said in the medium term, five projects with installed capacity of 214 megawatts were to cost $678 million, while 21 long term projects with installed capacity of 3631 was to cost $11, 150.
He said currently, the government had offered six projects with installed capacity of 666 megawatts to private sector and have received overwhelming response from international as well as local investors.
Mr. Ayub said the ADB had agreed to fund 300 megawatts Balakot hydel power station at the estimated cost of $600-$700 million.
The Pedo chief said the department would also work on 100 megawatts of solar power projects and issued two letters of interest of 50MW each.
Mr. Ayub said 356 MHPs would generate around 35MW power and provide cheap electricity to over 350,000 households in 12 districts.
On the occasion, energy and power minister Mohammad Atif Khan said the previous government had begun work on 57MW projects in five years but the current government had launched work on 214MW projects.
He said $2 billion investment would be made in the power sector, the largest in the province’s history.