Agree­ments with WB to sup­port en­ergy, wa­ter projects signed

Daily Messenger - - Biz -

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.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.