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