ADB approves $200m loan for Pakistan’s power distribution
The Asian Development Bank (ADB) has sanctioned a $200 million loan to modernise Pakistan’s power distribution infrastructure. The initiative targets reducing energy losses, strengthening infrastructure resilience against climate change, and accommodating the country’s rising electricity demand. The project will initially support the Lahore Electric Supply Company (LESCO), the Multan Electric Power Company (MEPCO), and the…