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Jamshoro Power Station. PHOTO: ONLINE
ISLAMABAD:
Pakistan’s power sector has recorded a breakthrough with the revival of the Jamshoro Joint Venture Limited (JJVL) plant, a national asset that had remained closed for the last five years, it emerged on Friday.
In a significant step towards power sector recovery and economic stabilization, the restart of the JJVL plant is expected to generate annual savings of around $200 billion, while creating the potential of around Rs 3 billion in tax revenue every year, according to official estimates.
The revival comes following facilitation by the Special Investment Facilitation Council (SIFC), whose intervention helped remove long-standing bottlenecks that had kept the plant idle.
According to officials, the resolution of regulatory and operational hurdles has also opened the door to around $2 billion in expected revenue for Sui Southern Gas Company, restoring momentum to a sector that had faced prolonged uncertainty.
