KARACHI: The Asian Development Bank (ADB) has approved $5.3 billion for 60 on-going development projects for Pakistan as of July 2008, which included a financing of $2.166 billion for energy projects.
This was stated by the country director ADB Rune Stroem while speaking at the 5th POGEE conference at the Karachi Expo Centre here on Tuesday.
He said that the ADB provided $1.8 billion in 2007, $1.2 billion in 2008 and $1.5 billion for 2009 to Pakistan. It stands as the largest development partner of this country. He said that these projects were in key infrastructure sectors, including energy, transportation, water resources and reforms.
Rune said that ADB was also the largest development partner in energy sector and across the power supply chain.
The ongoing loans included $510 million for renewable energy, $800 million for power transmission, and $810 million for power distribution enhancement, he added.
Similarly, ADB will provide $350 million for sustainable energy efficiency, $800 million for power transmission enhancement and $500 million for energy infrastructure under its future loan programme.
Rune pointed out that the ongoing technical assistance programme included gas sector restructuring, establishment of a central power purchase agency, renewable energy policy formulation and capacity building, power distribution enhancement and energy efficiency.
He said that ADB had recently concluded technical assistance programme for the development of Thar coal fields and provision of technical support to the office of energy adviser to the prime minister.
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