The Asian Development Bank (ADB) is to lend Pakistan $780 million to support energy efficiency projects aimed at stabilising power supplies and reducing reliance on fossil fuels.
The country currently suffers from regular and lengthy power cuts because of the gap between its energy supply and demand.
The multitranche financing facility will release funds in tranches to support the Pakistani government’s 10-year energy efficiency investment plan.
The funds will initially support short to medium term energy efficiency projects such as the replacement of incandescent light bulbs with compact fluorescent lamps.
For more on this article, please click on the following link: Pakistan to receive $780 million loan for energy efficiency: Energy Efficiency News
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