Introduction
The Hydel Development Fund was created in 1992 with an initial allocation of Rs 50 million. The Fund was given legal cover through Khyber Pakhtunkhwa, Hydel Development Fund Ordinance 2001. The objective of this Fund is to develop Hydel potential of Khyber Pakhtunkhwa. The Provincial Govt. has up-to 30th June, 2011 contributed Rs. 13,809.706 million as equity in the Fund; whereas, un-appropriated profit upto 30th June, 2011 is Rs. 5,148.500 million.
Fund Management
This Fund is governed by a Management Board under the Chairmanship of Chief Minister, Khyber Pakhtunkhwa, with Minister for Finance, Minister for Irrigation & Power, Chief Secretary, Additional Chief Secretary, Secretary Finance, Secretary Energy & Power as its members. For carrying out day-to-day business an Investment Committee was constituted under the Chairmanship of Chief Secretary, Khyber Pakhtunkhwa, with Secretary Energy & Power, Secretary Finance, Managing Director SHYDO, and Director Finance & Admin SHYDO as members.
The Fund has contributed Rs. 2,551.490 million in development of Malakand III HPP, Rs. 425.500 million in Pehur HPP and Rs. 324 million in Feasibility studies of raw sites.
Portfolio Position of Hydel Development Fund(UPTO 31-12-2011)
| Hydel Development Fund | ||
|---|---|---|
| Amount | % Invest | |
| Banks (A) | 491,000,000 | 2.32 |
| The Bank of Khyber | 491,000,000 | 2.32 |
| Bonds (B) | 17,403,341,700 | 82.11 |
| PIBs | - | 0.00 |
| T-Bills | 17,403,341,700 | 82.11 |
| Contribution of Fund in: (c) | 3,300,490,378 | 15.57 |
| Malakand III | 2,551,490,378 | 12.04 |
| Pehure | 425,000,000 | 2.01 |
| Feasibility studies of raw sites | 324,000,000 | 1.53 |
| Grand Total (A+B+C) | 21194,832,078 | 100.00 |