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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 remained closed for the past five years, it was learned on Friday.
As an important step towards energy sector recovery and economic stabilization, the reactivation of the JJVL plant is expected to generate annual savings of around $200 billion, while also creating a potential of around Rs 3 billion in tax revenue every year, according to official estimates.
This revival follows the facilitation of the Special Investment Facilitation Council (SIFC), whose intervention helped remove long-standing bottlenecks that kept the factory idle.
Resolving regulatory and operational hurdles also opened the door to about $2 billion in expected revenue for Sui Southern Gas Company, officials said, restoring momentum to a sector that had faced prolonged uncertainty.
