ADB to invest $242m in power sector

"The investment is part of $810 million Power Distribution Enhancement Investment Programme approved in 2008." — File Photo

ISLAMABAD: The Asian Development Bank signed here on Friday an agreement to invest $242 million in improving power distribution system in Pakistan. 

The investment is part of $810 million Power Distribution Enhancement Investment Programme approved in 2008. The multi-tranche financing facility targets investment in priority areas to reduce power losses and increase the reliability of the power distribution system.

ADB Country Director Rune Stroem and Secretary Economic Affairs Division Sibtain Fazal Halim signed the agreement. Deputy Director General of ADB`s Central West Regional Department (CWRD) Werner Liepach was also present on the occasion.


“Energy conservation and energy efficiency is the fastest and cheapest way of increasing electricity supply. This project will not only reduce electricity lost during delivery to the customers but also improve the quality of service by helping to get rid of technical bottlenecks, said Rune Stroem.

The project comprises physical investments in secondary transmission grid and will include addition of 3,380 megavolt-amperes (MVA) of transformer capacity and 387 km of new distribution lines.