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World Bank approves $195mln loan to improve electricity supply, distribution

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Washington: The World Bank’s Executive Board has approved US$195 million in financing to support Pakistan in improving power distribution and implementing energy sector reforms to improve consumer service quality.

The World Bank stated that the Distribution Efficiency Improvement Project (EDEIP) will help distribution companies improve their operations to manage power supply more effectively and improve the reliability of the grid.

“It focuses on cost-saving interventions to increase revenue and reduce losses, and modernize operations through the adoption of technology and information systems. The project will also invest in climate-resilient infrastructure, especially electricity sites and transmission lines, Power distribution and utility services are essential.”

The bank further stated that EDEIP will support institutional reforms to improve governance and transparency, and will develop systems and practices to improve management performance and comply with regulatory requirements. In addition, the project will help build the technical capabilities of power distribution companies by providing training programs, tools, and equipment to improve employee performance in key utility operations.

EDEIP complements the World Bank’s ongoing power sector support, including transmission networks, renewable energy generation, and reforms through Pakistan’s Affordable Clean Energy Program (PACE), which focuses on improving its financial viability and transitioning to low Carbon energy. It added that the project will improve the reliability of electricity services for residents, agricultural, commercial and industrial consumers in the project area, and will help reduce carbon emissions.

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