ISLAMABAD: The Asian Development Bank (ADB) has lauded the performance of Karachi Electricity Supply Company Limited (KESC) for taking several successful measures to reduce transmission and distribution losses.
"The KESC is on right direction as I have visited the company and am impressed by the way it is working to reduce transmission and distribution losses," ADB's Director General Private Sector Operations Department (PSOD), Philip C. Erquiaga said Erquiaga, who was talking to a group of journalists here about the ADB's engagements in private sector investments in the country, informed that the Bank has about $150 million investment in the KESC.
Erquiaga was visiting Pakistan to explore bank's opportunities for future lending and investments in the private sector.
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