The Asian Development Bank (ADB) and the Government of Pakistan signed loan and grant agreements worth $284 million to improve Pakistan’s power transmission network.
The agreement was signed by ADB Country Director for Pakistan Ms. Xiaohong Yang and Secretary of the Economic Affairs Division Mr. Noor Ahmed at a ceremony in Islamabad.
“The project will help provide a more stable and secure electricity supply, so people and businesses can continue their productivity and contribution to the economy,” said Ms. Yang. “ADB is working with the government and the private sector to further develop Pakistan’s power supply chain, including expanding the power transmission network.”
The investment in the power transmission network—the first investment of its kind by ADB in Pakistan—will pilot large-scale, grid-connected battery energy storage system, which will help NTDC comply with national standards and best practices in power distribution. It will also enhance the NTDC’s capacity to dispatch intermittent renewable energy. This investment will also facilitate the development of ancillary services market which is an important component of the future competitive power market.
Original source: ADB
Published on 13 December 2018
