Islamabad: Pakistan will set up a committee to look into the possibility of privatizing the Neelum-Jhelum Power Project in the Pakistan-occupied Kashmir.

Prime Minister Nawaz Sharif on Thursday, chairing the Cabinet Committee on Energy, expressed his displeasure over the undue delays in the project which also resulted in an increase in costs, Dawn reported.

The committee will also look into the possibility of entering into a partnership with investors to ensure the project's timely completion. The committee will present its report within three months.

During the cabinet meeting, it was also decided that the project must be completed by the first quarter of 2017.

(IANS)