Asian Development Bank (ADB) Country Director Rune Stroem has advised the Government of Pakistan to isolate the debt overhang of the power sector to overcome the energy crisis.

The Asian Development Bank (ADB) and Islamic Development Bank (IDB) have agreed to finance Diamer-Bhasha dam project, and the Planning Commission has asked the Economic Affairs Division (EAD) to formally request assistance from them.

The Government recently approved an ADB funded project to improve electricity services and support renewable energy. The ADB will provide a loan of US$ 164 million while counterpart funds from the Government of Sri Lanka would be an equivalent of US$ 24 million , LBO reported.

Pakistan faces gas price issue with Turkmenistan regarding Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project as Turkmenistan has shown reluctance to export gas below $11.4 per million British thermal unit (MMBTU).

The Cabinet has vetoed a long-debated proposal of the Ministry of Water and Power regarding import of 1000 MW electricity from Central Asia -South Asia (CASA) until the projects tariff, economic feasibility and other issues are resolved, sources close to the Ministrys Additional Secretary, Zarar Aslam, told Business Recorder.

As fund constraint stalls a vital donor-funded $189-million project to install three gas pipelines and compressors necessary to increase the country's gas supply, the energy ministry on Tuesday decided to reduce the number of pipelines and compressors down to two.

The State is seeking a Rs1,200-crore ADB loan for power sector reforms, which is a good development. Given the doldrums the power sector has been in for decades, substantial funds are a must for putting the ailing sector back on the rails. Earlier in 2005, the much-needed power sector reforms had started with an ADB loan of Rs 1,200 crore, and the reforms are said to be still in progress.

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The Asian Development Bank (ADB) is studying a private loan funding proposal for the Mawanana mini-hydro project in Sri Lanka.
The Bank has just completed a 14-month due diligence mission on the proposed project, which would have an installed capacity of 5.4MW.

Asian Development Bank (ADB) will provide a loan of $165 million to help Bangladesh boost private investment in infrastructure, mainly in the energy sector.

Bangladesh and ADB signed a loan agreement for Public-Private Infrastructure Development Facility (PPIDF) at the Economic Relations Division (ERD) in the city yesterday.

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