Advertisement
Categories: BusinessNewsPakistan

ADB Approves $200 Million Loan to Modernize Pakistan’s Power Distribution System

Advertisement

ISLAMABAD: The Asian Development Bank (ADB) has approved a $200 million loan to modernize Pakistan’s power distribution network, aiming to provide more reliable electricity and address growing energy demands.

The Power Distribution Strengthening Project will initially benefit Lahore Electric Supply Company (LESCO), Multan Electric Power Company (MEPCO), and Sukkur Electric Power Company (SEPCO). The upgrades will target infrastructure improvements, reduce energy losses, and enhance climate resilience.

ADB plans to install 332,000 advanced metering systems and 15,800 transformer monitoring systems in these regions. Additional initiatives include upgrading SEPCO’s grid station voltage from 66 kV to 132 kV and building or upgrading 25 grid stations in LESCO.

“This project is part of ADB’s ongoing efforts to address Pakistan’s power sector challenges,” said Yevgeniy Zhukov, ADB’s Director General for Central and West Asia. He highlighted that reliable electricity would improve daily life and reduce financial strain on the power sector.

ADB’s Principal Energy Specialist Seung Duck Kim emphasized that the upgrades would enhance efficiency, reduce outages, and simplify fault detection during extreme weather.

Since 1966, Pakistan has received over $52 billion in loans and grants from ADB for various developmental projects.

Advertisement
News Desk

Recent Posts

Fatima Fertilizer’s Sarsabz Tabeer launches healthcare initiative in collaboration with MASH and the Government of Punjab

As part of its ongoing commitment to empower rural women and female farmers, Fatima Fertilizer,…

3 hours ago

Payoneer Hosted “Game Leaders Connect 2025” to Power Global Growth for Pakistan’s Gaming Industry

Payoneer (NASDAQ: PAYO), the global financial technology company powering business growth across borders, hosted Payoneer’s…

3 hours ago

foodpanda launches Pakistan’s first multi-brand dining destination, ‘The Commune’

foodpanda, Pakistan’s leading online delivery platform, has announced the grand opening of "The Commune by…

4 hours ago

Why Did Temu & AliExpress Prices Suddenly Increase in Pakistan?

Pakistani shoppers were left shocked this week as prices on popular e-commerce platforms Temu and…

4 hours ago

Petrol, Diesel Prices May Surge by Up to Rs15/Litre

The government is preparing to impose another steep increase in petroleum prices, dealing a fresh…

1 day ago

Sindh Bank selects PTCL to enhance Bank’s Digital Connectivity Infrastructure

Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have signed an agreement for deployment of…

1 day ago