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China Development Bank pledges loan for energy transmission and distribution line upgrades, Pakistan
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | Pakistan National Transmission and Dispatch Company (NTDC) |
| Country | Pakistan |
| Start Date | Dec 17, 2010 |
| End Date | May 30, 2030 |
| Duration | 7,104 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 37089 |
Grant Description
China Development Bank pledges loan for energy transmission and distribution line upgrades, Pakistan On December 17-19, 2010, during the visit of Chinese Premier Wen Jiabao, a framework agreement of 3.55 billion USD MOU was signed between the National Transmission and Dispatch Company of Pakistan and China Development Bank along with Shenyang Tebian Electric Apparatus Stock Co., Ltd. (TBEA) for an upgrade of transmission lines in Pakistan’s power sector.
In August 2011 the Pakistani President Zardari, during ameeting with Chairman of TBEA (among China's main power transmission industry company), appreciated the company's interest in Pakistan and its $ 3.5 billion agreement with Pakistan's NTDC (National Transmission and Dispatch Company) and China Development Bank (CDB) to supply transmission equipment to Pakistan.
Sources & References
- China to transfer solar power technology
- Pak-China friendship: new economic and strategic dimensions
- China to transfer solar power technology
- 中国国开行参与支持巴基斯坦风电项目建设 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Pakistan National Transmission and Dispatch Company (NTDC)
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