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World Bank Approves $375.9m for Pakistan’s Grid Stability Project
The first phase of a 10-year program will add equipment at 26 substations and help integrate 640MW of curtailed wind power.
- The World Bank's Board of Executive Directors approved $375.9 million for Pakistan's Grid Stability Enhancement Project to strengthen the national power transmission network. This marks the first phase of a 10-year program to modernize electricity infrastructure.
- Pakistan's electricity network suffers from grid instability and transmission bottlenecks that limit reliable power delivery. These constraints affect millions of Pakistanis through frequent outages, higher electricity costs, and lost economic opportunities.
- The project will install Static Synchronous Compensators at three major 500 kV substations and upgrades across 26 grid substations. These upgrades enable full use of 1,840 MW of wind capacity by moving 640 MW of curtailed energy to demand centers.
- Supporting the goal of 60pc renewable energy by 2030 under the Paris Agreement, installations include climate-resilient specifications to operate in temperatures up to 55 degrees Celsius. The project avoids over 20.8 million tonnes of carbon emissions over 25 years.
- Beyond infrastructure, the effort advances the government's agenda to restructure the National Transmission and Dispatch Company into specialized entities. Lead Energy Specialist Waleed Saleh Alsuraih stated the project creates conditions for future private capital participation and stronger energy security.
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The World Bank has approved $375.9 million to strengthen Pakistan's power grid. This funding is part of the first phase of the ten-year BEST-Pak program. This will include the installation of SATCOMs at three major substations and reactor and capacitor banks at 26 substations.
World Bank approves US$375.9 million in financing for Pakistan's Grid Stability Enhancement Project
World Bank approves US$375.9 million for Pakistan's Grid Stability Enhancement Project to modernise transmission, reduce outages, and integrate more renewable energy under the BEST-PAK programme
·Dubai, United Arab Emirates (the)
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Total News Sources12
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution66% Right
Bias Distribution
- 66% of the sources lean Right
66% Right
L 17%
C 17%
R 66%
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