Tag Archives: Asian Development Bank assures help in power sector reforms

Asian Development Bank assures help in power sector reforms

ISLAMABAD: Asian Development Bank (ADB) has assured to fully support power sector reforms, energy efficiency and improvement and energy conservation programme in the country.

Rune Strom, Director Energy of ADB while talking to the Federal Minister for Water and Power, Syed Naveed Qamar on Tuesday said ADB will also provide financial assistance for free distribution of 30 million energy saver bulbs (CFLs)—while the bidding process for 20 million energy saver has almost completed. These energy savers will help reduce peak hours demand by over 1000 MW.

The ADB Director who led a 3-member delegation said that the bank is already providing financial assistance for power distribution enhancement project and will continue its support for the project in order to improve the energy efficiency. Transmission and distribution system and energy loss reduction programme is also being funded by ADB for all the Discos.

He also discussed current status of power sector reforms, energy efficiency programmes, central power purchasing agency, independence of Discos, and proposed amendments in the Nepra act.

Minister for Water and Power Syed Naveed Qamar appreciated the role of ADB for improvement in energy sector and said that the support of the bank for energy efficiency programme will help save the energy and reduction in the transmission and distribution losses. He asked the ADB to help in the tubewell efficiency programme by replacing existing motor pumps with new improved ones. The minister also asked for providing guarantee facility for wind power projects. The minister also briefed the delegation about new energy sector improvement initiatives like operation and maintenance contract of Gencos through private sector and conversion of existing IPPs to cheaper fuels.

He also assured that all the efforts will be made to timely complete the existing projects being funded by ADB Secretary Imtiaz Kazi, MD NTDC and CEO AEDB also attended the meeting.