Project will focus on reducing significant energy losses during transit
Islamabad: The Asian Development Bank (ADB) has approved a $200 million loan to modernise Pakistan’s power distribution infrastructure and improve distribution companies’ ability to deliver reliable electricity.
According to a statement released by the Manila-based lender, ADB’s Power Distribution Strengthening Project aims to upgrade and modernise distribution systems to meet Pakistan’s rapidly growing electricity demand.
“The project will focus on reducing significant energy losses during transit and enhancing the resilience of infrastructure against climate change and disaster-related risks,” read the statement.
ADB disclosed that in its initial phase, the project will support three major distribution companies i.e. Lahore Electric Supply Company (LESCO), Multan Electric Power Company (MEPCO), and Sukkur Electric Power Company (SEPCO).
Tracking NFL coaching changes: Falcons fire Raheem Morris after two seasons
- 16 hours ago
Bob Weir, Grateful Dead co-founder and rhythm guitarist, dead at 78
- 3 minutes ago
Islamabad: Cylinder blast in wedding house leaves eight dead, 11 hurt
- an hour ago
Forensic report confirms presence of CM Sohail Afridi in May 9 incidents
- 4 hours ago
The new food pyramid is lying to you
- 15 hours ago
Want closer friendships? Find your “strawberry people”
- 15 hours ago
Mainly cold, dry weather expected in most parts: Met Office
- 2 hours ago
Iran warns Washington it will retaliate against any attack
- an hour ago
Preparing youth for digital economy: inside Pakistan’s wealth university
- 2 hours ago
Foreign remittances hit record high of $3.6bn in December
- 2 hours ago
How the US shut the door on asylum-seekers
- 15 hours ago
Pakistan Navy ships visit Port Sultan Qaboos
- 2 hours ago
