ISLAMABAD: The Asian Development Bank (ADB) has approved a loan of 250 million dollars for Pakistan.
According to the statement issued by ADB, the money will be spent on improving the electricity transmission system. Power transmission network will be extended in Khyber Pakhtunkhwa province.
The statement added that by increasing the transmission capacity, reliable supply will be provided to the people. Electricity transmission losses will decrease in Lahore city.
According to the statement, the Asian Development Bank’s Power Transmission Strengthening Project will help strengthen the stability of the national grid by increasing its transmission capacity. The project will expand the high voltage transmission network, close the loops of 500 kV and 220 kV transmission lines and reduce transmission losses in Lahore city in Punjab by replacing old transmission lines.
According to the statement, the Director General of the Asian Development Bank for Central and West Asia Yevgeny Zhukov says that reliable electricity supply is necessary for sustainable economic development and it will also provide economic opportunities to the rural population. We will continue to support Pakistan in its efforts to achieve energy security while improving energy efficiency.