Manila - The Asian Development Bank (ADB) said Friday it has approved an 810-million-dollar multi-tranche financing facility to help improve Pakistan's power sector.
The Manila-based ADB said the funding, to be released in several tranches over 10 years, will support Pakistan's power sector reform programme that is estimated to cost
5.2 billion dollars.
The programme "is designed to provide a safe, reliable supply of power and to meet an estimated annual 8-per-cent rise in gross domestic product growth from
2005-2015."
It also aims to expand power coverage to rural areas, the bank added.