AIIB expresses interest to finance NTDC projects

• AIIB was providing its support for policy reforms and project financing in the key priority areas such as energy, road, social sector, water and irrigation and urban services.
• AIIB’s strong commitment to further strengthening and expanding its partnership with Pakistan.
• Power System Planning department also shared a list of future projects of NTDC for consideration of the AIIB delegation.

LAHORE: Asian Infrastructure Investment Bank (AIIB) expressed interest in financing to development projects of National Transmission and Despatch Company Limited (NTDC) in line with the government priorities.

According to NTDC spokesperson, AIIB delegation led by Director General Investment Operation Region Ms. Supee Teravaninthorn, showed interest during meeting with NTDC General Managers and Chief Engineers under the convenorship of Dy Managing Director NTDC Wajahat Saeed Rana at NTDC head office on Thursday.

Ms. Supee Teravaninthorn said that AIIB was providing its support for policy reforms and project financing in the key priority areas such as energy, road, social sector, water and irrigation and urban services.

She reiterated AIIB’s strong commitment to further strengthening and expanding its partnership with Pakistan.

During the meeting, NTDC management gave detailed presentation on NTDC projects.

AIIB delegation expressed its interest in 235 km long 500 KV double circuit transmission line from Maira Switching Station (Kallar Syedan) to 500 KV North Lahore grid station and 20 km long 500 KV double Circuit Transmission Line from Karot HPP to Maira Switching Station.

NTDC officials also informed the delegation about current status of these projects.

Power System Planning department also shared a list of future projects of NTDC for consideration of the AIIB delegation.

To have a better coordination and future deliberations, Chief Engineer PMU NTDC was nominated as focal person.