ADB okays $250 million loan to strengthen power transmission in Pakistan
MNP – The Asian Development Bank (ADB) has approved $250 million in terms of loan for Pakistan to strengthen the power transmission system in the country that continues to undergo electricity shortages.
The aid will “help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces,” an official statement issued by the ADB read.
“ADB’s Power Transmission Strengthening Project will help reinforce the stability of the national grid by increasing its transmission capacity,” it added.
The regional lender’s project is aimed at expanding the high-voltage transmission network to close 500 kilovolt (kV) and 220kV transmission lines loops and reduce transmission losses in Lahore city in Punjab by replacing old transmission lines.
