|
|
Pakistan, ADB ink loan accord to improve power transmission
|
|
|
|
Top Stories |
|
|
|
|
IANS | 20 Mar, 2018
Pakistan and the Asian
Development Bank (ADB) on Tuesday signed a loan agreement worth $260
million to improve the country's power transmission network.
The
agreement was signed by ADB Country Director Yang Xiaohong and Pakistani
Economic Affairs Division's Secretary Syed Ghazanfar Abbas Jilani in
Islamabad. Director General ADB for Central and West Asia Werner Liepach
was also present on the occasion, Xinhua reported quoting an ADB
statement.
Liepach said on the occasion that the Bank was
committed to working with Pakistan for developing a larger, stronger,
smarter, and climate resilient power transmission network.
He
stated: "A reliable and strong transmission network is essential to
ensure uninterrupted supply of power for the industry and to propel
economic growth," he said.
The Pakistan-ADB agreement is part of
the Second Power Transmission Enhancement Investment Program aimed to
improve coverage, reliability, transparency, and quality of the power
transmission service in Pakistan by expanding the 220-kV transmission
network in Sindh and Balochistan provinces and upgrading the supervisory
control and data acquisition (SCADA) and revenue metering systems (RMS)
in the South Asian country.
The up-gradation of the SCADA and
RMS across the national grid will enable real time monitoring and
control of the grid, prevent losses, reduce power outages, and increase
grid stability and capacity.
It will also feed computerised
metering data complying with the grid code into the system for
settlement of the market operator, the Central Power Purchasing Agency
(CPPA), to streamline revenue collection, billing and payment processes,
as well as create the foundation for an energy trading platform.
The
power transmission network's upgrade will also help in procuring power
from new and renewable power plants to the national grid and on the load
centres enhancing Pakistan's energy security.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|