ADB Approves $550 Million for Pakistan's Energy Sector and Social Programs

Описание: ADB Approves $550 Million for Pakistan's Energy Sector and Social Programs

The Asian Development Bank (ADB) has approved $550 million in loans and financing for Pakistan. This funding includes $200 million to modernize Pakistan's power distribution system, upgrade grid stations, and install advanced metering infrastructure to reduce energy losses and improve electricity supply efficiency. Additionally, $330 million in financing will support the Benazir Income Support Program (BISP) to assist underprivileged families and strengthen social protection initiatives.

The energy sector improvements will involve the upgrade of grid stations for SEPCO, LESCO, and MEPCO, and the installation of 332,000 advanced metering infrastructure units to ensure accurate billing and revenue collection. Furthermore, 15,800 online transformer monitoring systems will enhance performance and reduce losses.

BISP funding aims to uplift vulnerable families, with a special focus on women and marginalized groups. This program will improve access to education, healthcare, and disaster resilience, promoting socio-economic development across Pakistan.

ADB’s support highlights the significance of strengthening Pakistan’s power sector while addressing social challenges, fostering a more sustainable and inclusive future.

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