No Result
View All Result
Sunday, July 27, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File Photo

    Alizeh Shah claims she is receiving death threats from fellow actress

    (Image: cinebuster.in)

    Who is Ruchi Gujjar and what did she do?

    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    File Photo

    Alizeh Shah claims she is receiving death threats from fellow actress

    (Image: cinebuster.in)

    Who is Ruchi Gujjar and what did she do?

    Chal Mera Putt 4

    Trailer released for Chal Mera Putt 4 featuring Pakistani stars

    Gen V

    Gen V returns: What shocking truths are unveiled in the season 2 trailer?

    Image: Dunya News

    Does Dua Zahra love Babar Azam? The actress shares what’s in her heart

    image: Screengrab

    What is controversial about Benazir Bhutto in Indian film Dhurandhar that angers Pakistanis?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

World Bank approves $195m loan for Pakistan’s energy sector

MM News Staff by MM News Staff
December 19, 2021
WB approves loan to improve electricity supply and distribution. (Source: Online)

WB approves loan to improve electricity supply and distribution. (Source: Online)

WASHINGTON: The World Bank has approved $195 million in financing to support Pakistan in improving electricity distribution and implementing energy sector reforms to increase service quality for consumers.

According to a statement issued by the global lender, the Electricity Distribution Efficiency Improvement Project (EDEIP) will help distribution companies improve operations to manage the electricity supply more efficiently and increase the reliability of the electrical grid.

“The project will also invest in climate-resilient infrastructure, particularly grid stations and transmission lines, which are critical to distribution and utility services,” the statement added.

“The long-term financial viability of the power sector depends on improving the efficiency of electricity distribution companies that deliver electricity to consumers,” said Najy Benhassine, World Bank Country Director for Pakistan.

He further stated, “These efforts will improve the operational and financial performance of select distribution companies to improve their bankability and ultimately generate more private sector participation.”

The EDEIP will support institutional reforms to improve governance and transparency and will develop systems and practices to improve managerial performance and compliance with regulatory requirements.

In addition, the project will help build the technical capacity of the distribution companies by providing training programs, tools, and equipment to improve staff performance in key utility operations.

“The project will focus on strengthening operations and governance of Hyderabad Electric Supply Company, Multan Electric Power Company, and Peshawar Electric Supply Company,” said Mohammad Saqib Task Team Leader for the project.

He added, “With the leadership of the Ministry of Energy, this project will bolster market-sector reforms, reduce transmission and distribution losses, and improve the sector’s financial performance.”

The EDEIP complements ongoing power sector support from the World Bank, including on transmission network, renewable energy generation, as well as reforms through the Pakistan Program for Affordable and Clean Energy (PACE), which focuses on improving its financial viability and transitioning to low-carbon energy.

The project will increase the reliability of electricity services for residential, agricultural, commercial, and industrial sector consumers in project areas, and will contribute to reducing carbon emissions.

 

ShareTweetSendShare
Previous Post

OIC huddle: Pakistan proposes six-point framework to solve Afghan crisis

Next Post

Immediate action required as chaos in Afghanistan suits none, says PM Imran at OIC summit

Related Stories

representative image
Business & Stock

Saudi Riyal to PKR rates today- 27 July 2025

July 27, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 27, 2025

July 27, 2025
file photo
Business & Stock

What is the new rate of profit on national savings schemes? Details released

July 27, 2025
Representative image
Business & Stock

Forex rates in Pakistan today- 27 July 2025

July 27, 2025
representative image
Business & Stock

Gold prices in Pakistan today- Sunday 27 July 2026

July 27, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 26, 2025

July 26, 2025
representative image
Business & Stock

Saudi Riyal to PKR rates today- 26 July 2025

July 26, 2025
Representative image
Business & Stock

Forex rates in Pakistan today- 26 July 2025

July 26, 2025
representative image
Business & Stock

NAB develops modern online system to curb fraud in real estate sector

July 26, 2025
representative image
Business & Stock

Gold prices in Pakistan today- Saturday 26 July 2026

July 26, 2025
Next Post
Afghanistan will become biggest man-made crisis if world doesn’t act: PM. (Source: Radio Pak)

Immediate action required as chaos in Afghanistan suits none, says PM Imran at OIC summit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

OpenAI CEO Sam Altman (File Photo)
Technology

Don’t share your deepest secrets with ChatGPT, warns Sam Altman

by MM News Staff
July 27, 2025
File Photo
Daily Buzz

Alizeh Shah claims she is receiving death threats from fellow actress

by MM News Staff
July 27, 2025
(Representational Image)
Crime

Two fake doctors arrested after performing surgery on woman in Bahawalnagar

by MM News Staff
July 27, 2025
(Image: cinebuster.in)
Film & TV

Who is Ruchi Gujjar and what did she do?

by MM News Staff
July 27, 2025
National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Opinion

nadeem moulvi
From Sects to Sunnah
July 15, 2025
- Nadeem Moulvi
Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Rescue personnel evacuate villagers by boat from a flooded village following heavy rains in the Taunsa district of Punjab on July 16, 2025. — AFP
National

Thousands displaced, crops destroyed as floods wreak havoc in Punjab

by MM News Staff
July 27, 2025

Floods have caused widespread devastation across several cities in Punjab, damaging crops and leaving...

File photo

KP issues travel advisory amid monsoon showers

July 26, 2025
Image: file photo

Weather updates for Islamabad, other parts of country

July 26, 2025
File Photo

Another monsoon spell to begin in Pakistan from July 28

July 25, 2025
See all

Prices

National

Karachi residents pay the highest price for flour in Pakistan

by MM News Staff
July 27, 2025

Residents of Karachi are compelled to purchase the costliest flour in Pakistan, with a...

representative image

Gold prices in Pakistan today- Sunday 27 July 2026

July 27, 2025
representative image

Gold prices in Pakistan today- Saturday 26 July 2026

July 26, 2025
File Photo

Govt to deregulate electricity prices under new competitive energy market policy

July 25, 2025
See all

Transport News

Chakwal
Crime

Tragic bus crash in Chakwal: 6 dead, 24 injured near Dhok Sial

by MM News Staff
July 27, 2025

A bus fell into a ravine near Dhok Sial on the motorway in Chakwal,...

Charged Parking

Has the Sindh government put an end to parking fee extortion?

July 25, 2025

E-Taxi scheme launch date unveiled in Punjab

July 24, 2025
(File Photo)

Air Arabia Abu Dhabi expands operations in Pakistan with new Faisalabad, Multan flights

July 24, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Thought Box
  • Showbiz
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.