ADB approves $200mn for Pakistan’s power distribution network
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).
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