Electricity supply deal agreed by Pakistan and ADB

14 Dec 18

The Asian Development Bank and Pakistan have signed an agreement worth $284m to provide a more stable and secure electricity supply in the country.

The agreement, which was signed on 13 December, includes a $280m loan and a $4m grant from the bank. It is the third tranche of a financing deal from the bank to help Pakistan develop a more climate-resilient power system.

Xiaohong Yang, ADB country director for Pakistan, said: “The project will help provide a more stable and secure electricity supply, so people and businesses can continue their productivity and contribution to the economy.

“ADB is working with the government and the private sector to further develop Pakistan’s power supply chain, including expanding the power transmission network.”

The investment in the power transmission network is a first of its kind in Pakistan.

It will include a pilot of a large-scale, grid-connected battery energy storage system, which can help the national transmission company comply with power distribution standards.

It will also train government staff in renewably energy.

“The capacity building component of tranche 3 will support the government in preparing an energy storage system roadmap to leverage the country’s rich indigenous renewable energy potential for longer term energy security,” said Yang.

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