EAD secretary Nargis Sethi and ADB country director Werner Liepach signing the loan agreement for power distribution enhancement in Islamabad on Wednesday. PHOTO: PID
The agreement was signed by Economic Affairs Division secretary Nargis Sethi and Country Director-ADB Werner E. Liepach for the Power Distribution Enhancement Investment Program (Tranche-4) at Economic Affairs Division.
ADB is providing Ordinary Capital Resources (OCR) Loan to Pakistan amounting to $167.2 million. The Project aims to reduce the overloading and increase the capacity of the power distribution system in the project area through system augmentation and expansion.
The project includes augmentation and extension of existing 132 KV power transformers at substations of the secondary transmission grid to add up to 5,021 megavolt amperes to the transformers capacity. Replacement of overloaded distribution transformers with transformers of higher capacity, and the installation of additional distribution transformers capacity on 11 kilovolt feeders are also part of the project.
Sethi said that the objective of the Investment Program is to provide adequate and reliable power supply to a greater number of industrial, commercial and residential consumers. She added that as a part of the investment programme, the project aims to reduce the overloading and increase the capacity of the power distribution system in the project area through system augmentation and expansion.
Liepach resolved that Pakistan and ADB’s development partnership will continue to grow further in the coming days.
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But shouldnt it be the case where Muslims should be collecting JIZYA(Forceful Taxes) from Kaffirs and not the case where Muslims are the ones found begging from Kaffirs?.My my, the irony of it all.
Oh boy, this must be some sort of world record. This government has taken record amount of loans in less than a year. Who would pay the interest?
PS: This is not about bashing N league. But it is the worry of a common struggling Pakistani. May Allah help us!
if distribution companies would be privatized, all this investment would occur automatically and the country wouldnt need to take out massive loans that are subject to corruption, inefficiency and other myriad of problems.