The Asian Development Bank (ADB) has approved $250 million in loans to improve and expand the power transmission network in Pakistan’s Punjab and Khyber Pakhtunkhwa provinces, read a statement released on Friday.
ADB said that its Power Transmission Strengthening Project will help reinforce the stability of the national grid by increasing its transmission capacity.
As per the multilateral institution, the project will expand the high-voltage transmission network to close 500 kilovolt (kV) and 220 kV transmission line loops and reduce transmission losses in Punjab’s Lahore city by replacing old transmission lines.
“Reliable power supply is essential to inclusive, sustainable economic growth, and it will also provide economic opportunities to rural communities,” said ADB Director General for Central and West Asia Yevgeniy Zhukov.
“We are pleased to continue supporting Pakistan in its efforts to achieve energy security while improving energy efficiency.”.