AIIB expresses keen interest to finance NTDC projects

In line with the government’s endeavours, the Asian Infrastructure Investment Bank (AIIB) has expressed its keen interest to finance the development projects of National Transmission and Despatch Company (NTDC).

An AIIB delegation, led by its Director General Supee Teravaninthorn, visited NTDC office on Thursday to meet its general managers and chief engineers under the convenorship of NTDC Managing Director Wajahat Saeed Rana.

Teravaninthorn said the 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. He reiterated his bank’s commitment to further strengthening and expanding its partnership with Pakistan.

During the meeting, the NTDC management gave a detailed presentation on the company’s projects. The delegation expressed its interest in 235km-long 500 kV double circuit transmission line from Maira Switching Station (Kallar Syedan) to 500 kV North Lahore grid station as well as 20km-long 500 kV double Circuit Transmission Line from Karot HPP to Maira Switching Station.

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The NTDC officials also informed the delegations about the current status of these projects. The Power System Planning Department also shared a list of future NTDC projects for AIIB’s consideration. To have better coordination and future deliberations, an NTDC chief engineer was nominated as the focal person.

Later, the AIIB delegation also met with Energy Minister Mr Omar Ayub Khan and Power Division Secretary Irfan Ali.

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