Pakistan, ADB sign $167.2m loan agreement to enhance power distribution
Project to augment, extend existing 132KV power transformers at substations, add up to 5,021MV amperes to capacity.
EAD secretary Nargis Sethi and ADB country director Werner Liepach signing the loan agreement for power distribution enhancement in Islamabad on Wednesday. PHOTO: PID
ISLAMABAD:
Pakistan and the Asian Development Bank (ADB) on Wednesday signed a loan agreement that would see the cash strapped country get $167.2 million for improving power distribution.
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.
Pakistan and the Asian Development Bank (ADB) on Wednesday signed a loan agreement that would see the cash strapped country get $167.2 million for improving power distribution.
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.