Pakistan gets $1.4 billion energy loan from ADB

21 Nov 2015   Pakistan

The Asian Development Bank said it was providing more than $1 billion in loans to help Pakistan address chronic power issues in the country. Pakistan’s aging infrastructure means the country lacks a reliable power sector. The ADB described the status of the power sector in Pakistan as “crippling.” The bank approved combined loans of nearly $1.4 billion covering two programs meant to resolve key power sector issues in Pakistan. Most of the initial funding will support advanced metering infrastructure . “Nearly 20 percent of generated electricity is lost due to high technical and commercial losses and measures like the installation of the AMI system are necessary to counter this,” ADB energy specialist Adnan Tareen said in a statement. According to the ADB, Pakistan’s power […]

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