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Pakistan, WB ink $195m agreements to improve electricity distribution

Pakistan signed financing agreements of Electricity Distribution Efficiency Improvement Project worth $195 million with the World Bank on Thursday in Islamabad. Mian Asad Hayaud Din, Secretary Economic Affairs Division, signed the loan agreement on behalf of government of Pakistan while representatives of HESCO, MEPCO and PESCO signed the project agreements. Anjum Ahmad, ....

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World Bank to provide $195m for electricity supply, distribution improvement

The World Bank will provide a $195m loan to improve electricity supply and distribution for consumers in Pakistan. Federal Secretary for Economic Affairs Mian Asad Hayaud Din on Thursday signed the loan agreement while representatives of HESCO, MEPCO and PESCO signed the project agreements. The financing will improve operational efficiency in targeted areas of three Electricity Distribution Companies i.e. Hyderabad Electric Supply Company (HESCO), Multan Electric Power Company (MEPCO), Peshawar Electric Supply Company (PESCO) and achieve progress on the power sector reform agenda. According to a notification issued by Ministry of Economic Affairs, the “Electricity Distribution Ef. ....

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