ADB can Provide Assistance for Power & Mass Transit Projects in Pakistan

April 03, 2008 KARACHI: The Asian Development Bank can extend assistance to the country for electricity, transmission and distribution projects if Pakistan asked for the help in this regard.“Pakistan in the past used to rely more on wind mill for electricity generation but now it mostly produces power through thermal means,” said ADB country director Peter Fedon while addressing a seminar here at Pakistan Institute for International Affairs on Thursday.

He said the ADB provided loan to Pakistan in 2006 with which projects of wind mill are being established in the country.A lot of opportunities exist in northern areas for setting up small, medium and large wind mill projects and ADB is working towards brining them on ground, he pointed out.Peter Fedon said ADB can extend financial assistance amounting to 800 million dollars to the new government of Pakistan.

Peter Fedon said that out of this $800 million assistance majority of the funds are allocated for Karachi and Lahore Mass Transit System whose feasibilities are almost completed and just go - ahead required fomt the Provincial governments.