ADB approves USD284 million for Pakistan’s grid network development

ADB and the Government of Pakistan (GoP) have signed loan and grant agreements worth $284 million to improve Pakistan’s power transmission network. ADB is also working with the private sector to further develop Pakistan’s power supply chain. The agreement is the third tranche of a multi-tranche financing facility (MFF) under the ADB-supported Second Power Transmission Investment Program. The MFF aims to develop a stronger, smarter, greener, and more climate-resilient power transmission system in Pakistan. The tranche is comprised of a $280 million loan from ADB’s ordinary capital resources and a $4 million grant from the High-Level Technology Fund (HLTF) to help the National Transmission and Dispatch Company (NTDC) meet the country’s electricity demand of 1,150 MW efficiently and reliably.

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