ADB to provide USD 260m for power transmission ravamp in Pakistan

Transmission lines. Author: Nayu Kim. License: Creative Commons, Attribution 2.0 Generic.

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)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription
\