The World Bank’s  Board of Executive Directors has approved $375.9 million in financing for Pakistan’s Grid Stability Enhancement Project to strengthen the country’s national power transmission network.    According to  the WB, the project is being implemented under the Boosting Energy Security through Transmission in Pakistan (BEST-PAK) Multiphase Programmatic Approach (MPA).    It said the project, with a total cost of  695 million US$,  is the first phase of a 10-year programme aimed at helping Pakistan modernise its “electricity transmission network, reduce power outages and bring more clean energy to homes, businesses and industries”.      By investing in advanced technologies for more resilient transmission infrastructure, this project will contribute to reducing electricity costs, bring more renewable energy onto the grid, and lay the groundwork for a power sector that works better for households, businesses and industries, as well as overall Pakistan’s economy.      The project will install advanced equipment to stabilise the transmission grid and improve the flow of electricity at key substations,” it said, adding that the upgrades would help bring 640MW of currently curtailed wind energy onto the grid, enabling the full use of 1,840MW of wind capacity in southern Pakistan by moving power to major demand centres.It added that the upgrades would also support the integration of around 491MW of planned private sector-led renewable energy projects.     for more info about the project please click on https://projects.worldbank.org/en/projects-operations/project-detail/P504536 (ICE ISLAMABAD)

Fonte notizia: wb