ADB to invest $245m in Pakistan’s power sector
The Asian Development Bank (ADB) will invest $245 million to improve Pakistan’s power distribution systems. The capital, structured as a loan, is the third tranche of the bank's Power Distribution Enhancement Investment Program.
The multi-tranche financing facility will see $810 million committed in total. The first tranche of $252 million and second tranche of $242 million were released in 2009 and 2011, respectively. The funding...
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