The Ministry of Economic Affairs and KfW, the German Development Bank on Monday signed an agreement for enhancing the capacity of the power transmission sector in Pakistan and supporting the health sector, particularly in areas affected by floods.
Sebastian Jacobi, Country Director of KfW and Dr Kazim Niaz, Secretary of the Ministry of Economic Affairs inked the agreements that signify Germany’s commitment to furthering the development goals of Pakistan.
Managing Director NTDC, Engineer Dr Rana Abdul Jabbar Khan was also present on the occasion, said in a press release.
Under the accompanying Measures to support the “Promotion of Renewable Energies and Energy Efficiency” program, KfW, representing the German Government, will provide an additional grant of Euro 2.5 million to the National Transmission and Despatch Company (NTDC).
This funding will assist NTDC in ensuring the effective operation and maintenance of installations, incorporating robust environmental and social management systems. The initiative is poised to enhance the integration of needs-based renewable energy into the transmission system, thereby contributing to sustainable economic growth and climate protection.—APP
