Saturday, 27 August 2011

ADB ready to finance replacement of obsolete power distribution system

 Updated at: 1355 PST, Saturday, August 27, 2011
ADB ready to finance replacement of obsolete power distribution system ISLAMABAD: Asian Development Bank (ADB) is considering various options in a positive direction to finance multi-billion dollars Diamer Bhasha Dam project.

ADB Director General Jaun Miranda, while talking to the Federal Minister for Water and Power, Syed Naveed Qamar, told that ADB wants to help Pakistan in the energy sector and in this context besides financing of the construction of Diamer Bhasha Dam, it was ready to provide guarantee for energy generation projects also.

ADB is already providing financial assistance for revamping of the electricity distribution system, while it is ready to provide help for replacement of the obsolete electricity distribution system also besides financing the distribution of the 30 million energy savers all across the country, which would help save 1,000 MW of electricity.

                                                       www.boundlesstech.net

No comments:

Post a Comment