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Power transmission tranche-4: Islamabad inks $248m loan agreement with ADB

Power transmission tranche-4: Islamabad inks $248m loan agreement with ADB

ISLAMABAD: Islamabad has inked a loan and project agreement amounting to the tune of $248 million with Asian Development Bank  for power transmission enhancement investment programme.

The agreement was signed on Friday by Muhammad Saleem Sethi, secretary Economic Affairs Division (EAD) and Werner E Liepach, country director ADB, and it is expected to be completed by the end of 2016, the Dawn reported.

The power transmission tranche-4 aims to improve energy supply and security by reducing transmission infrastructure bottlenecks and transmission losses and expanding the national transmission grid by connecting generation sources and load centers.