ADB approves $245 mn loan for Pakistan
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ADB approves $245 mn loan for Pakistan

Last Updated: Monday, December 24, 2012, 23:03
 
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ADB approves $245 mn loan for Pakistan
Islamabad: The Asian Development Bank (ADB) has approved a $245-million loan to help improve Pakistan's power distribution system.

The money will be used in projects which will help reduce power losses and increase reliability of the power distribution system, Xinhau reported Monday.

The loan is part of the $810 power distribution enhancement programme agreed in 2008.

The ADB has already provided financial assistance for upgradation work at 250 grid stations across Pakistan.

"Energy sector Pakistan is suffering due to shortages in generation and bottlenecks at distribution and transmission level," ADB country director Werner E. Liepach said.

IANS



First Published: Monday, December 24, 2012, 23:03


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