Agreements with WB to support energy, water projects signed
ISLAMABAD: The Secretary, Economic Affairs Division ( EAD) signed the following agreements worth US$565.0 million with the World Bank to support the projects in Energy and Water Sectors:
*National Transmission Modernization (Phase-I) Project of US$425.0 Million:*
The objective of the project is to increase the capacity and reliability of selected segments of the national transmission system in Pakistan and modernize key business processes of the national Transmission and Despatch Company (NTDC). The project will support investments in high-priority transmission infrastructure, information and communication technology (ICT), and technical assistance (TA) for improved management and operations. Infrastructure investments will create new assets or rehabilitate existing parts of the system transmission substations, transmission lines, or a combination of the two. The project will establish a robust ICT infra- structure and roll out an Enterprise Resource Planning (ERP) system to enhance the efficiency of management and operations. The TA will help the NTDC implement the project and will improve the company’s capacity for sustainable system operation.
The total Cost of the project is US$536.33 million. The World Bank will finance US$425.0 million and US$111.33m will be borne by the NTDC.
*Sindh Barrages Improvement Project – Additional Financing of US$140 million:* The project’s development objectives are to improve the reli- ability and safety of the Guddu barrage and strengthen the Sindh Irrigation Department’s capacity to operate and manage the barrage.
The additional financing will help to scale up activities under the original project (Sindh Barrages Improvement Project) whose scope at present is limited to rehabilitating and modernizing Guddu Barrage. With the AF, the project will support the rehabilitation and modernization of Sukkur Barrage and also support improving the operation and maintenance (O&M) of the three barrages over the Indus River in Sindh Province – Guddu, Sukkur, and Kotri Barrages – through better coordination and monitoring.
ISLAMABAD: The Signing ceremony of “National Transmission Modernization project-I” between Secretary EAD, Syed Ghazanfar Abbas Jilani and the World Bank Country Director Mr. Patchamuttu Illangovan.