ADB Approves 250-Million-USD Loans To Boost Pakistan’s Power Transmission
MANILA, Nov 18 (NNN-MNA) – The Asian Development Bank (ADB), said yesterday that, it has approved 250 million U.S. dollars in loans, to help deliver reliable electricity in Pakistan.
The Manila-based bank said, the project will expand and improve the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces, thus helping reinforce the stability of the national grid.
The project will expand the high-voltage transmission network to close 500 kilovolt (kV) and 220 kV transmission lines loops, and reduce transmission losses in Lahore city in Punjab, by replacing old transmission lines.
“Reliable power supply is essential to inclusive, sustainable economic growth, and it will also provide economic opportunities to rural communities,” said ADB Director General for Central and West Asia, Yevgeniy Zhukov.
“We are pleased to continue supporting Pakistan in its efforts to achieve energy security, while improving energy efficiency,” said Zhukov.