ISLAMABAD: Kazim Naiz, Secretary of Economic Affairs Division (EAD), H.E. Mr Nicolas Galey, Ambassador of France, and Mr. Philippe Steinmetz, Country Director of the French Development Agency (AFD), signed the Credit Facility Agreement of €180 million to finance the National Transmission & Despatch Company (NTDC) Transmission Lines and Grid stations Projects. These Projects are located in Punjab in the vicinity of the cities ofVehari, Arifwala and Sialkot.
This soft loan will support the NTDC in its transmission mandate and to provide reliable and efficient power in major cities of Punjab. The funding will also help enhance the transmission of green energy and efficient power distribution in Pakistan. Such benefits will contribute to improving affordability and scaling up the energy supply. These will be achieved while also mitigating the impacts of climate change, in line with the policies of the Government of Pakistan. The project will contribute to the Government of Pakistan’s strategy to develop green energy, reduce greenhouse gas emissions, in line with the French Government’s agenda of promoting climate-friendly projects. – Agencies
