Power distribution: Pakistan signs $167.2m loan with ADB
Programme aimed at reducing technical losses by improving obsolete infrastructure.
The project aims to reduce overloading while increasing the capacity of the power distribution system in the project area through system augmentation and expansion. PHOTO: FILE
ISLAMABAD:
Pakistan and the Asian Development Bank (ADB) on Wednesday signed a loan agreement for $167.2 million for the “Power Distribution Enhancement Investment Programme” that would be aimed at reducing technical losses by improving obsolete infrastructure.
The loan agreement was signed by Nargis Sethi, secretary of Economic Affairs Division and Werner E Liepach, ADB’s country director.
The ADB is providing Ordinary Capital Resources (OCR) loan to Pakistan to the tune of $167.2 million. The project aims to reduce overloading while increasing 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 kilovolt (kV) power transformers at substations of the secondary transmission grid to add up to 5,021 megavolt amperes of transformer capacity. Replacement of overloaded distribution transformers with transformers of higher capacity, and the installation of additional distribution transformers capacity on 11 kV feeders are also part of the project.
“The objective of the investment programme is to provide adequate and reliable power supply to a greater number of industrial, commercial and residential consumers,” said Sethi, while appreciating the ADB’s role in energy sector development.
She expressed great satisfaction over the successful negotiations culminating into signing of this Loan Agreement, Power Distribution Enhancement Investment Programme - Tranche-4.
She appreciated the ADB for working with the government for the development of the energy sector.
The country’s government looks forward to continue working closely with the ADB for the common purpose of improving Pakistan’s economic prospects,” said the secretary.
Liepach resolved that Pakistan and the ADB’s development partnership will continue to grow in the coming days.
Published in The Express Tribune, May 1st, 2014.
Pakistan and the Asian Development Bank (ADB) on Wednesday signed a loan agreement for $167.2 million for the “Power Distribution Enhancement Investment Programme” that would be aimed at reducing technical losses by improving obsolete infrastructure.
The loan agreement was signed by Nargis Sethi, secretary of Economic Affairs Division and Werner E Liepach, ADB’s country director.
The ADB is providing Ordinary Capital Resources (OCR) loan to Pakistan to the tune of $167.2 million. The project aims to reduce overloading while increasing 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 kilovolt (kV) power transformers at substations of the secondary transmission grid to add up to 5,021 megavolt amperes of transformer capacity. Replacement of overloaded distribution transformers with transformers of higher capacity, and the installation of additional distribution transformers capacity on 11 kV feeders are also part of the project.
“The objective of the investment programme is to provide adequate and reliable power supply to a greater number of industrial, commercial and residential consumers,” said Sethi, while appreciating the ADB’s role in energy sector development.
She expressed great satisfaction over the successful negotiations culminating into signing of this Loan Agreement, Power Distribution Enhancement Investment Programme - Tranche-4.
She appreciated the ADB for working with the government for the development of the energy sector.
The country’s government looks forward to continue working closely with the ADB for the common purpose of improving Pakistan’s economic prospects,” said the secretary.
Liepach resolved that Pakistan and the ADB’s development partnership will continue to grow in the coming days.
Published in The Express Tribune, May 1st, 2014.