AIRLINK 204.45 Increased By ▲ 3.55 (1.77%)
BOP 10.09 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.91 Increased By ▲ 0.03 (0.44%)
FCCL 34.83 Increased By ▲ 0.74 (2.17%)
FFL 17.21 Increased By ▲ 0.23 (1.35%)
FLYNG 24.52 Increased By ▲ 0.48 (2%)
HUBC 137.40 Increased By ▲ 5.70 (4.33%)
HUMNL 13.82 Increased By ▲ 0.06 (0.44%)
KEL 4.91 Increased By ▲ 0.10 (2.08%)
KOSM 6.70 No Change ▼ 0.00 (0%)
MLCF 44.31 Increased By ▲ 0.98 (2.26%)
OGDC 221.91 Increased By ▲ 3.16 (1.44%)
PACE 7.09 Increased By ▲ 0.11 (1.58%)
PAEL 42.97 Increased By ▲ 1.43 (3.44%)
PIAHCLA 17.08 Increased By ▲ 0.01 (0.06%)
PIBTL 8.59 Decreased By ▼ -0.06 (-0.69%)
POWER 9.02 Decreased By ▼ -0.09 (-0.99%)
PPL 190.60 Increased By ▲ 3.48 (1.86%)
PRL 43.04 Increased By ▲ 0.98 (2.33%)
PTC 25.04 Increased By ▲ 0.05 (0.2%)
SEARL 106.41 Increased By ▲ 6.11 (6.09%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.91 Increased By ▲ 0.58 (1.37%)
SYM 18.31 Increased By ▲ 0.33 (1.84%)
TELE 9.14 Increased By ▲ 0.03 (0.33%)
TPLP 13.11 Increased By ▲ 0.18 (1.39%)
TRG 68.13 Decreased By ▼ -0.22 (-0.32%)
WAVESAPP 10.24 Decreased By ▼ -0.05 (-0.49%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.09 Decreased By ▼ -0.04 (-0.97%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)

The Asian Development Bank (ADB) on Wednesday approved a $200 million loan to modernise Pakistan’s power distribution infrastructure and improve distribution companies’ ability to deliver reliable electricity.

As per a statement released by the Manila-based lender, ADB’s Power Distribution Strengthening Project aims to upgrade and modernise distribution systems to meet Pakistan’s rapidly growing electricity demand.

“The project will focus on reducing significant energy losses during transit and enhancing the resilience of infrastructure against climate change and disaster-related risks,” read the statement.

The ADB disclosed that in its initial phase, the project will support three major distribution companies i.e. Lahore Electric Supply Company (LESCO), Multan Electric Power Company (MEPCO), and Sukkur Electric Power Company (SEPCO).

Pakistan receives $500 million from ADB for climate programme

“This project is part of ADB’s ongoing efforts to address challenges in Pakistan’s power sector,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.

“Reliable grid-connected electricity improves the quality of life. The loss reduction and revenue protection measures supported by this project will also help reduce the power sector’s financial losses – alleviating at least one source of strain on the country’s economy.”

The project will fund the installation of at least 332,000 advanced metering infrastructure, along with data management and communication systems, and at least 15,800 online transformer performance monitoring systems in LESCO, MEPCO, and SEPCO.

“Furthermore, the voltage of four grid stations in SEPCO will also be upgraded from 66 kilovolts (kV) to 132 kV, a critical enhancement that will mitigate losses across the transmission system and address growing electricity demand.”

ADB says it has 7 projects for this year, 16 for the next

Meanwhile, in LESCO, at least 25 grid stations will be constructed and modernised with the provision of critical equipment. Whereas, high-loss 11 kV feeder lines will be replaced with aerial bundled conductor cables, and feeder line configuration will be improved.

“These upgrades will reduce losses, enhance revenue collection, and provide distribution companies with real-time data on electricity consumption and grid performance,” said ADB Principal Energy Specialist Seung Duck Kim.

“In the event of extreme weather, they can help identify and isolate faults quickly, reducing the time required for recovery and minimizing outages.”

Moreover, the project will also study reform actions and policy recommendations that would improve the operational efficiency and overall performance of the three distribution companies.

The ADB also approved an additional $330 million in financing to strengthen Pakistan’s federally administered social protection programmes.

Comments

200 characters
Tariq Qurashi Dec 11, 2024 03:59pm
This is a good initiative because our power distribution network desperately needs maintenance and upgradation.
thumb_up Recommended (0) reply Reply
Haseeb uddin Azam Toor Dec 11, 2024 05:57pm
Power generation stock price shall increase.
thumb_up Recommended (0) reply Reply
EQ Dec 11, 2024 06:28pm
This is a chapter out of Confessions of an Economic Hitman We dont want more loans.
thumb_up Recommended (0) reply Reply
NAVEED Dec 11, 2024 07:01pm
why don't we use money which is saved by renegotiating IPPs. It is better for people and nation we should go less and less towards loans. Alhamdolilah
thumb_up Recommended (0) reply Reply
Az_Iz Dec 11, 2024 07:41pm
Let's hope the funds are used properly to deliver the intended results.
thumb_up Recommended (0) reply Reply