![Pakistan and ADB sign $200M loan agreement to modernize power distribution and reduce energy losses in key regions. [Representational Image via Profit]](https://pkafgyouthforum.com/wp-content/uploads/2025/01/gg.webp)
Pakistan and the Asian Development Bank (ADB) signed a $200 million loan agreement to strengthen the country’s power distribution infrastructure.
Dr. Kazim Niaz, Secretary of the Economic Affairs Division (EAD), and Asad Aleem, ADB Deputy Country Director, signed the loan agreement between Pakistan and ADB, as stated in a press release issued by the EAD.
The project will support three distribution companies. These include Lahore Electric Supply Company (LESCO), Multan Electric Power Company (MEPCO), and Sukkur Electric Power Company (SEPCO). It will involve the installation of advanced metering infrastructure, data management systems, and an asset performance management system (APMS).
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Dr. Kazim Niaz emphasized the importance of timely and efficient utilization of the loan and urged the involved stakeholders, especially the distribution companies, to complete the project within the stipulated timeframe.
He appreciated ADB’s role as a reliable development partner and its consistent support for Pakistan’s power sector, noting that the project aims to modernize the power distribution system and reduce significant energy losses during transmission.
On the occasion, ADB Deputy Country Director Asad Aleem expressed gratitude for the government’s proactive engagement. He appreciated its commitment to the project. He also assured that ADB would continue collaborating closely with the Ministry of Economic Affairs and other stakeholders. The goal is to align ADB’s efforts with Pakistan’s development priorities.
This news is sourced from [Profit] and is for informational purposes only.
