the Asian Development Bank has approved loans totaling $330 million to Pakistan for the Second Power Transmission Strengthening Project, one of the Government of Pakistan’s top priority investments to expand the national transmission network and enable the evacuation of low-cost renewable and hydropower to major load centers.     The project will construct a new 500-kilovolt, approximately 290-kilometer transmission line and upgrade critical grid infrastructure feeding Islamabad and Faisalabad. These investments will address long-standing constraints in Pakistan’s north–south power corridor, enabling the transfer of up to 3,200 megawatts of clean energy from hydropower plants in the north of the country. This will help reduce reliance on imported fuels, improve energy security, and support Pakistan’s transition to a more affordable and sustainable energy mix.  The initiative supports Pakistan’s broader power sector reforms and contributes to state-owned enterprise (SOE) reforms by solidifying institutional, financial, operational, and governance improvements of the National Grid Company of Pakistan Limited (NGC)—formerly National Transmission Dispatch Company (NTDC)—on its pathway to a modern grid operator. The NGC will serve as the executing agency for the project.ADB’s financing package comprises a $285 million loan from its ordinary capital resources and a $45 million concessional loan. This financing will help NGC expand and modernize transmission assets, strengthen institutional capacity, improve financial management, and advance public outreach and gender equity initiatives.  https://www.adb.org/projects/59002-001/main  (ICE ISLAMABAD)

Fonte notizia: adb bank