AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Pakistan and Asian Development Bank (ADB) on Friday signed an agreement to invest 242 million dollars in improving power distribution system in the country. The signing ceremony was held here at Economic Affairs Division. The agreement was signed by Sibtain Fazal Halim, Secretary Economic Affairs Division and Rune Stroem, country director ADB, while the project agreement was signed by the representatives of all the 8 Distribution Companies (DISCOs).
The loan is meant for Tranche-2 of the Power Distribution Enhancement Investment Programme under Multi-tranche Financing Facility (MFF). ADB's total MFF programme is of 810 million dollars (US $800 million OCR and US $10 million ADF). The programme is comprised Multi-tranches and the same will be implemented in ten years period. The objective of the project is to rehabilitate, augment and expand power distribution systems and remove system bottlenecks in the project area.
The project shall add 3,380 Megavolt-Amperes (MVA) of transformer capacity, 387 km of new distribution lines, and improve security of supply to customers by moving toward compliance with regulatory security standards governing planning and operation of the distribution system and reliability improvement on the lower voltages. The project is expected to be completed by March 21. Speaking on the occasion the ADB's country director said that energy conservation and energy efficiency is the fastest and cheapest way of increasing electricity supply. "This project will not only reduce electricity lost during delivery to the customers but also improve the quality of service by helping to get rid of technical bottlenecks," he added.

Copyright Associated Press of Pakistan, 2011

Comments

Comments are closed.