ADB To Help Strengthen Power Transmission In Pakistan
Sumaira FH Published November 17, 2023 | 09:13 PM
The Asian Development Bank (ADB) has approved $250 million in loans to help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in Punjab and Khyber Pakhtunkhwa (KP) province
ISLAMABAD, (UrduPoint / Pakistan Point News - 17th Nov, 2023) The Asian Development Bank (ADB) has approved $250 million in loans to help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in Punjab and Khyber Pakhtunkhwa (KP) province.
"ADB’s Power Transmission Strengthening Project will help reinforce the stability of the national grid by increasing its transmission capacity," according to ADB press statement received here Friday.
"The project will expand the high-voltage transmission network to close 500 kilovolt (kV) and 220 kV transmission lines loops and reduce transmission losses in Lahore city in Punjab by replacing old transmission lines."
“Reliable power supply is essential to inclusive, sustainable economic growth, and it will also provide economic opportunities to rural communities,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.
“We are pleased to continue supporting Pakistan in its efforts to achieve energy security while improving energy efficiency,” Zhukov added.
The project will complement ADB’s ongoing support to the National Transmission & Despatch Company Limited (NTDC) aimed at ensuring energy security, climate resilience, and increased transmission capacity to deploy sufficient, reliable, clean, and cost-effective energy.
Improving the management of the national transmission system of Pakistan is another key objective.
Aside from strengthening power transmission, ADB’s project will also enhance the project and financial management of NTDC, as well as its capacity to incorporate climate resilience in planning and operations.
“To promote gender equality and women’s involvement in the energy sector, ADB will develop guidelines for mentorships, conduct awareness campaigns, establish childcare centers, and provide technical training to female staff in the NTDC,” said ADB Senior Energy Specialist Takhmina Mukhamedova.
“This project also includes livelihood skills development for women in the project areas to improve their economic opportunities, and training for local communities to enable them to respond to climate-induced natural hazards,” Mukhamedova added.
According to press statement, Pakistan was a founding member of ADB and since 1966, ADB has committed over $52 billion in public and private sector loans, grants, and other forms of financing to promote inclusive economic growth in Pakistan and improve the country’s infrastructure, energy and food security, transport networks, and social services.