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August 23, 2016

ADB offers $810m loan to Pakistan to boost power supply

Asian Development Bank (ADB) has provided a $810m multi-tranche loan to develop Pakistan's power transmission system.

Asian Development Bank (ADB) has provided a $810m multi-tranche loan to develop Pakistan's power transmission system.

The loan will help to boost reliability and quality of energy supply, as well as to meet growing demand for electricity.

ADB’s Central and West Asia department energy specialist Megan Wolf said: “A reliable and sustainable power sector is critical to the economic growth and wellbeing of Pakistan.

“Fast implementation of this facility and related reforms to alleviate power shortages will improve the prospects for the economy.”

"The loan will help Pakistan fund rehabilitation and expansion of the transmission network."

The loan will help Pakistan fund rehabilitation and expansion of the transmission network, and increase transmission capacity, energy efficiency, and security.

ADB’s loan facility will be given in tranches, from this year to 2026. 

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Pakistan economic development is being hampered by power shortages and inefficient and inadequate transmission and distribution systems are primary obstacles in the development of its energy sector. ADB’s loan facility will help the government to address the energy crisis through Vision 2025, the plan for economic growth.

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