AIRLINK 192.46 Decreased By ▼ -3.92 (-2%)
BOP 10.23 Increased By ▲ 0.12 (1.19%)
CNERGY 7.53 Decreased By ▼ -0.22 (-2.84%)
FCCL 38.10 No Change ▼ 0.00 (0%)
FFL 15.41 Decreased By ▼ -0.33 (-2.1%)
FLYNG 24.82 Increased By ▲ 0.28 (1.14%)
HUBC 128.08 Decreased By ▼ -2.30 (-1.76%)
HUMNL 13.77 Increased By ▲ 0.04 (0.29%)
KEL 4.44 Decreased By ▼ -0.16 (-3.48%)
KOSM 6.21 Increased By ▲ 0.02 (0.32%)
MLCF 44.62 Decreased By ▼ -0.23 (-0.51%)
OGDC 202.69 Decreased By ▼ -3.82 (-1.85%)
PACE 6.63 Increased By ▲ 0.05 (0.76%)
PAEL 37.95 Decreased By ▼ -1.82 (-4.58%)
PIAHCLA 17.01 Decreased By ▼ -0.19 (-1.1%)
PIBTL 7.84 Decreased By ▼ -0.15 (-1.88%)
POWER 9.40 Increased By ▲ 0.20 (2.17%)
PPL 175.05 Decreased By ▼ -3.86 (-2.16%)
PRL 37.34 Decreased By ▼ -1.59 (-4.08%)
PTC 23.45 Decreased By ▼ -0.86 (-3.54%)
SEARL 104.89 Decreased By ▼ -4.38 (-4.01%)
SILK 1.01 Increased By ▲ 0.01 (1%)
SSGC 36.90 Decreased By ▼ -0.85 (-2.25%)
SYM 18.26 Decreased By ▼ -0.57 (-3.03%)
TELE 8.27 Decreased By ▼ -0.26 (-3.05%)
TPLP 12.13 Decreased By ▼ -0.01 (-0.08%)
TRG 63.98 Decreased By ▼ -0.78 (-1.2%)
WAVESAPP 11.72 Decreased By ▼ -0.39 (-3.22%)
WTL 1.63 Decreased By ▼ -0.01 (-0.61%)
YOUW 3.89 Increased By ▲ 0.02 (0.52%)
BR100 11,856 Decreased By -143.8 (-1.2%)
BR30 34,973 Decreased By -575 (-1.62%)
KSE100 112,745 Decreased By -1510.7 (-1.32%)
KSE30 35,360 Decreased By -509.9 (-1.42%)
Markets

Asian Development Bank approves $250mn for power transmission network

  • ADB says Power Transmission Strengthening Project will help reinforce stability of national grid
Published November 17, 2023

The Asian Development Bank (ADB) has approved $250 million in loans to improve and expand the power transmission network in Pakistan’s Punjab and Khyber Pakhtunkhwa provinces, read a statement released on Friday.

ADB said that its Power Transmission Strengthening Project will help reinforce the stability of the national grid by increasing its transmission capacity.

As per the multilateral institution, 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 Punjab’s Lahore city 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.”

ADB said the project will complement its ongoing support to the National Transmission & Despatch Company Limited (NTDC) aimed at ensuring energy security, climate resilience, and increased transmission capacity to deploy sufficient, reliable, clean, and cost-effective energy.

“Improving the management of the national transmission system of Pakistan is another key objective,” it said.

The bank said that the project will also enhance the project and financial management of NTDC, as well as its capacity to incorporate climate resilience in planning and operations.

“To promote gender equality and women’s involvement in the energy sector, ADB will develop guidelines for mentorships, conduct awareness campaigns, establish childcare centers, and provide technical training to female staff in the NTDC,” said ADB Senior Energy Specialist Takhmina Mukhamedova.

“This project also includes livelihood skills development for women in the project areas to improve their economic opportunities, and training for local communities to enable them to respond to climate-induced natural hazards.”

Last month, ADB approved technical assistance of $2 million for “Preparing the Sindh Coastal Resilience Sector Project.”

The project will focus on the Thatta, Sujawal, and Badin districts. Conditions in these districts have been degraded by a confluence of environmental factors, resulting in land subsidence, flooding, erosion, and saline intrusion, ADB said back then.

Comments

Comments are closed.

Az_Iz Nov 17, 2023 06:17pm
Let's hope the money will be used for the intended purpose, and not for other consumption.
thumb_up Recommended (0)