Pakistan is undergoing a massive $1.18bn programme to help it become more energy efficient and environmentally friendly by altering the way it uses power.
As part of the project, the Asian Development Bank is providing $780m to help it move its power dependency away from fossil fuels.
The ADB projects will allow Pakistan to develop a more energy efficient power supply to help meet increasing demand and reduce reliance on its more expensive and less environmentally friendly fossil-fuel stations.
The funding will also cover the substitution of incandescent light bulbs with fluorescent lamps, in addition to part finance the government’s Energy Efficiency Investment Program.
Pakistan is looking to achieve a level of energy security through the adoption of clean power technologies.
The total annuals savings from changes to Pakistan’s energy changes by fiscal year 2019 are anticipated to be approximately $4bn.
Projects under the programme are expected to qualify for attaining carbon revenues in the Clean Development Mechanism of the Kyoto Protocol.