Pakistan, ADB Ink $200 Million Loan Agreement to Strengthen Power Distribution
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Pakistan and Asian Development Bank (ADB) Tuesday signed a $200 million loan agreement for Power Distribution Strengthening Project.
The agreement was signed by Secretary Economic Affairs Division, Dr. Kazim Niaz and ADB Deputy Country Director, Asad Aleem, according to press release issued by EAD.
The project will initially support three distribution companies—Lahore Electric Supply Company (LESCO), Multan Electric Power Company (MEPCO), and Sukkur Electric Power Company (SEPCO)—through advanced metering infrastructure, data management systems, and asset performance management system (APMS).
On this occasion, Secretary Dr. Kazim Niaz emphasized timely and efficient utilization of ADB loan and urged all concerned, in particular the DISCOs, to ensure completion of the project within the stipulated timeframe.
Secretary further expressed appreciation for ADB’s role as a reliable development partner, and its continued support in Pakistan’s critical power sector. He said, the project was designed to upgrade and modernize power distribution system with a focus on minimizing substantial energy losses during distribution.
Asad Aleem expressed gratitude for government of Pakistan’s proactive engagement and support towards this project. He assured that ADB would continue to work closely with the Ministry of Economic Affairs and other stakeholders to ensure its support aligns with Pakistan’s development priorities.
Reference Link:- https://propakistani.pk/2025/01/01/pakistan-adb-ink-200-million-loan-agreement-to-strengthen-power-distribution/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
