AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, March 20, 2018 (PPI-OT):Government of Pakistan and Asian Development Bank signed Loan and Project Agreements amounting US$ 260.00 million for the Second Power Transmission Enhancement Investment Program (Tranche-II) here on Tuesday. Syed Ghazanfar Abbas Jilani, Secretary, Economic Affairs Division (EAD) signed the Loan Agreement with Ms. Xiaohong Yang, Country Director, ADB. The ceremony was also attended by Mr. Werner E. Liepach, the visiting Director General for Central and West Asian Department (CWRD), ADB. Under the Second Power Transmission Enhancement Investment Program (Multitranche Financing Facility), ADB will provide US$ 810 million, in total, over the period of 10-years.
It shall support the evacuation of new generation, including that from renewables, improvement of system reliability and power supply quality through reinforcement and improved monitoring and control. It shall also help improve the financial management, regulatory relations, planning, project management, and procurement capacities of the transmission system owner and operator, the National Transmission and Despatch Company Limited (NTDC), and the sector’s newly established commercial operator, the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G).
These investments will increase institutional efficiency, cost recovery, competition, transparency, and good governance within the power sector. Tranche 2 of the Second Power Transmission Enhancement Investment Program shall be used for financing the following four subprojects: i. 220kV Mirpur Khas substation with associated transmission ii. D.I Khan-Zhob 220kV transmission line with Zhob substation iii. Construction of New 220 kV Guddu-Shikarpur-Uch-Sibbi Transmission Line iv. Supervisory Control and Data Acquisition (SCADA) System and Revenue Metering System.
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