KP BoIT & China ink MoU, KE-PEDO power deal progresses

December 10, 2024 (MLN): In an attempt to attract foreign direct investment (FDI) into the province, Khyber Pakhtunkhwa Board of Investment & Trade (KP BoIT) and Chinese partners signed a Memorandum of Understanding (MoU) during the roadshow in Karachi on Monday.

In the energy sector, K-Electric (KE) and the Pakhtunkhwa Energy Development Organization (PEDO) are advancing towards finalizing a power purchase agreement, signalling progress in addressing energy needs.

Also, prominent industrial players, including Lucky Group and Ismail Industries, eagerly await Letters of Intent (LoIs) for their investment projects.

This reflects strong confidence in KP’s investment climate.

To note, the Government of Khyber Pakhtunkhwa (KP), under the leadership of the Advisor to the Chief Minister on Finance Muzzammil Aslam, is holding a series of roadshows to highlight the province’s potential and investment opportunities in the energy sector.

Khyber Pakhtunkhwa has abundant natural resources, particularly in hydropower and renewable energy.

With supportive government policies, streamlined investment processes, and promising returns, the province offers a lucrative environment for energy-related ventures.

Investors and industry leaders are encouraged to attend and explore how they can contribute to and benefit from KP’s dynamic energy sector transformation.

Read also: KP launches nationwide roadshows to showcase energy investment opportunities

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