ADB to give $200 mn for power transmission line enhancement

Islamabad: Asian Development Bank (ADB) will provide 200 million-dollar loan for power transmission line enhancement throughout the country. Pakistan and the Asian Development Bank here signed an agreement on Tuesday. ADB Country Director Peter L. Fedon and acting Secretary of Economic Affairs Division Junaid Iqbal Chaudhry signed the agreement on behalf of the government of Pakistan.

The project was an integral part of the 800 million-dollar investment programme for power transmission line enhancement throughout Pakistan. General Manager of NTDC Munawar Malik and senior officials of the bank and EAD also witnessed the agreement. The project aims at augmentation, rehabilitation and expansion of the primary power transmission system and to remove power transmission bottlenecks. The impact of the project will be an adequate and reliable power supply to a greater number of industrial, commercial and residential consumers.