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Jamshoro power station. PHOTO: ONLINE
ISLAMABAD:
Pakistan’s energy sector has recorded a major breakthrough with the revival of the Jamshoro Joint Venture Limited (JJVL) plant, a national asset that had remained shut for the past five years, it emerged on Friday.
In a significant step towards energy sector recovery and economic stabilisation, the reactivation of the JJVL plant is expected to generate annual savings of approximately $200 billion, while also creating the potential for around Rs3 billion in tax revenue each year, according to official estimates.
The revival follows 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 for around $2 billion in expected revenue for Sui Southern Gas Company, restoring momentum in a sector that had faced prolonged uncertainty.
