By Our Web Reporter
LAHORE MIRROR — The French Development Agency (AFD), and the National Transmission and Despatch Company Limited (NTDC) entered into a project agreement for the provision of €180 million soft loan for the construction of NTDC projects.
In a ceremony held at the NTDC office in Islamabad, Engr Dr. Rana Abdul Jabbar Khan, Managing Director NTDC, and Mr. Philippe STEINMETZ, Country Director AFD, signed a project agreement here on Monday.
The ceremony was attended by GM (PD North), Chief Engineer (Substation Design), Chief Engineer (Dasu Transmission Line Project), DG Human Resources, Dy. Manager PMU NTDC and representatives of AFD.
The funds provided through this loan would assist NTDC in the execution of various projects aimed at enhancing the power transmission and distribution systems in Punjab. The projects include the construction of a new 220 KV grid station and a 50 km transmission line in Arifwala, which would be connected to the MEPCO distribution system.
Additionally, the existing 220 kV grid station in Vehari would be upgraded to 500 KV level, along with a 48 km transmission line. This upgrade would significantly increase the transmission capacity and benefit the consumers of MEPCO.
Furthermore, a new 500 kV grid station in Sialkot together with 91 km of transmission lines will be constructed and connected to the GEPCO distribution system. This loan would support NTDC to provide reliable and efficient power supply in major cities of Punjab.
The funding would also enhance the efficiency of the transmission of power in Pakistan. Such benefits would contribute to improving affordability and scaling up the energy supply. It would also provide a reliable power supply to the biggest industrial and sports city of Sialkot.
