Arab Today, arab today adb provides 245m to improve pakistan\s power distribution systems
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

ADB provides $245m to improve Pakistan\'s power distribution systems

Arab Today, arab today

Arab Today, arab today ADB provides $245m to improve Pakistan\'s power distribution systems

Islamabad - XINHUA

The Asian Development Bank (ADB) and the government of Pakistan Monday signed an agreement to invest 245 million U.S.dollars to improve the country\'s power distribution systems, the ADB said. Nargis Sethi, secretary of Economic Affairs Division of Pakistan and Dr. Werner E. Liepach, ADB\'s country director for Pakistan signed the agreement. \"The investment will help upgrade Pakistan\'s aging power distribution infrastructure, allowing power generated to reach the consumers,\" Werner Leapach said. \"These power projects to be completed by June 2016 will augment the network and improve performance of the power distribution system, which is critical to increase the overall energy efficiency and to bridge the widening energy gap in Pakistan,\" he added. The loan is meant for Tranche-3 of the Power Distribution Enhancement Investment Program under the Multi-tranche Financing Facility (MFF). The MFF was approved in 2008 to invest 810 million dollars in priority areas to improve distribution systems and help Pakistan meet its pressing energy needs. The program aims to rehabilitate, augment and expand power distribution systems and remove system bottlenecks. \"The project will add 1,881 MVA of transformer capacity, 791 km of new transmission lines and up-gradation of 399 km of the existing transmission lines, which will bring stability in the distribution network,\" said Adnan Tareen, senior project officer ( for energy) at ADB\'s Pakistan office. \"Success of the project depends on effective and timely implementation; therefore, we will continue to focus on timely completion of the power distribution enhancement projects. I urge the agencies and distribution companies involved to make sure that the targets are achieved within the implementation timeframe,\" said Nargis Sethi. The first tranche of 252 million dollars and second tranche of 242 million dollars were released on Jan. 13, 2009 and Jan. 28, 2011, respectively. Under the existing four MFFs, the ADB is investing 2.9 billion dollars in the Pakistan\'s power sector over a 10-year period (2008-2017).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adb provides 245m to improve pakistan\s power distribution systems Arab Today, arab today adb provides 245m to improve pakistan\s power distribution systems

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adb provides 245m to improve pakistan\s power distribution systems Arab Today, arab today adb provides 245m to improve pakistan\s power distribution systems

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday