Bank designates $325m towards renewables in Pakistan

The Asian Development Bank (ADB) has granted a $325m loan aimed at increasing installation of various renewable energy projects in Pakistan. Asian Development Bank

The funding will also be used to improve access to electricity in the country’s two largest provinces, Khyber Pakhtunkhwa Province (KPP) and Punjab, while a further $750,000 will be provided in technical assistance grant by ADB for capacity development and improvement of performance monitoring of the programme.

Projects include the construction of 1,000 micro-hydropower plants (MHPs) in off-grid areas of KPP as well as rooftop solar plants at 23,000 schools and over 2,500 primary healthcare facilities in two provinces and a university in Bahawalpur, Punjab.

In total, the MHPs and solar plants are expected to generate electricity required to power around 1.5 million people in rural areas.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...