FAISALABAD – Pakistan has requested the Asian Development Bank (ADB) to extend the time for the repayment of loans granted for power distribution enhancement for one year.
The ADB is providing loans to the government of Pakistan for redressing ageing, overloaded and deteriorated power distribution system in the country. “Excess loan on power transmission and distribution lines exacerbated with poor power factor of load leads to heavy power losses,” stated the ADB.
It is pertinent to mention here that the ADB has approved loan in four tranches. The implementation of Tranche-I worth $172 million was largely completed by the end of October 2012. Meanwhile, Tranche-II of $172 million will continue till March 2018 and tranche-3 of $245 million completion is targeted by January 2018.
“The government has requested to extend the loan closing date of Tranche-IV from 30 June 2016 to 30 June 2017, to accommodate proposed sub-projects by HESCO, IESCO, LESCO and PESCO under loan saving,” the ADB said.
The Faisalabad Electric Supply Company (FESCO) is implementing a power transmission enhancement investment programme at a cost of $68.85 million granted by the ADB to maintain and upgrade the existing distribution and transmission system.
“The ADB is helping us in removing constraints in transmission lines, which will help in reducing the power outages,” said FESCO Chief Executive Officer Rasheed Ahmed Aslam while talking to a group of foreign and national media persons. He further said that there would be no issue of overloading in transmission line after completion of the projects. He said that the government was working to eliminate power loadshedding by 2018. Currently, there is only two to three hours loadshedding due to the winter season, he said.
Chief Engineer Ali Raza, while briefing the projects funded by the ADB, said that extension work on seven grid stations of 132-KV and augmentations of six grid stations had already been completed under Tranche-I. He said that projects under Tranche-II would be completed by March 2018, adding that pre-shipment inspection has already been carried out and power transformers have qualified all the requisite tests.
Under the Tranche-III, he said, two new grid stations and four grid stations of 66-KV would be converted into 132-KV, adding that four transmission lines of 83 kilometres and one transmission line of 60 kilometres would be completed.
The chief engineer said augmentation of 13 power transformers with 40MVA and augmentation of two power transformers with 20/26MVA and extension of 10 power transformers with 20/26MVA would be carried out under the Tranche-IV.