ISLAMABAD: Economic Affairs Division and the Asian Development Bank (ADB) have signed loan and project agreements worth $260 million for the Second Power Transmission Enhancement Investment Program (Tranche-II).
On Tuesday, Secretary, Economic Affairs Division (EAD) Syed Ghazanfar Abbas Jilani, and ADB Country Director Xiaohong Yang, signed the agreement. The ceremony was also attended by ADB Director General for Central & West Asian Department (CWRD).
Under the Second Power Transmission Enhancement Investment Program (Multitranche Financing Facility), ADB will provide $810 million, in total, over the period of 10-years. It shall support the evacuation of new generation, including that from renewables, improvement of system reliability and power supply quality through reinforcement and improved monitoring and control.
It shall also help improve the financial management, regulatory relations, planning, project management, and procurement capacities of the transmission system owner and operator, the National Transmission and Despatch Company Limited (NTDC), and the sector’s newly established commercial operator, the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G). These investments will increase institutional efficiency, cost recovery, competition, transparency, and good governance within the power sector.
Tranche 2 of the Second Power Transmission Enhancement Investment Program shall be used for financing four subprojects including 220kV Mirpur Khas substation with the associated transmission, D I Khan-Zhob 220kV transmission line with Zhob substation, Construction of New 220 kV Guddu-Shikarpur-Uch-Sibbi Transmission Line and Supervisory Control and Data Acquisition (SCADA) System and revenue metering system.
