- Press Releases
March 23 (Renewables Now) - The Asian Development Bank (ADB) has signed a deal to extend USD 260 million (EUR 211m) in debt to the government of Pakistan to upgrade the South Asian country’s power transmission grid and help it accommodate more renewables.
The loan agreement is part of Pakistan’s second power transmission enhancement investment programme, the goal of which is to improve the coverage, reliability and quality of the country’s power transmission network. The initiative envisages grid expansions in Sindh and Balochistan provinces and modernisation of supervisory control and data acquisition (SCADA) and revenue metering systems (RMS) in Pakistan.
“A reliable and strong transmission network is essential to ensure uninterrupted supply of power for the industry and to propel economic growth,” said Werner Liepach, director general for Central and West Asia at ADB.
The planned measures are expected to help improve grid stability and capacity and thus prevent power losses and cut outages, ADB said.
(USD 1.0 = EUR 0.811)