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Asian Development Bank to give $260 million loan to Pakistan to improve power grid

Islamabad Pakistan and the Asian Development Bank (ADB) on Tuesday signed a loan agreement worth $260 million to improve the country’s power transmission network.

The agreement was signed in Islamabad by Pakistani Secretary of Economic Affairs Division Ghazanfar Abbas Jilani and ADB Country Director Xiaohong Yang, in the presence of Director General for ADB’s Central and West Asia Department (CWRD) Werner Liepach.

According to a statement issued by Pakistan government, the agreement will improve coverage, reliability and quality of the power transmission service in the country by expanding the power grid in the Sindh and Balochistan provinces.

The project will also upgrade Supervisory Control and Data Acquisition (SCADA) system, by which the computers, data communication and user interfaces are used for the management of the network. This includes monitoring and issuing process commands through a computer system.

Liepach said on the occasion that the Bank was committed to working with Pakistan for the development of a larger, stronger, smarter and climate resilient power transmission network.

“A reliable and strong transmission network is essential to ensure uninterrupted supply of power for the industry and to propel economic growth,” he noted.

Source: International Islamic News Agency

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