ADB ready to finance replacement of obsolete power distribution system

[Hyde]

ADB ready to finance replacement of obsolete power distribution system​

Updated at: 1355 PST, Saturday, August 27, 2011
ISLAMABAD: Asian Development Bank (ADB) is considering various options in a positive direction to finance multi-billion dollars Diamer Bhasha Dam project.

ADB Director General Jaun Miranda, while talking to the Federal Minister for Water and Power, Syed Naveed Qamar, told that ADB wants to help Pakistan in the energy sector and in this context besides financing of the construction of Diamer Bhasha Dam, it was ready to provide guarantee for energy generation projects also.

ADB is already providing financial assistance for revamping of the electricity distribution system, while it is ready to provide help for replacement of the obsolete electricity distribution system also besides financing the distribution of the 30 million energy savers all across the country, which would help save 1,000 MW of electricity.

 

[Mo12]

Who is ADB bank?

As in where does this bank get its resources from and money.

 

[Hyde]

Who is ADB bank?

As in where does this bank get its resources from and money.

lol... Asian Development Bank... you know no?

 

[Mo12]

lol... Asian Development Bank... you know no?

Just checked, seems like Japan have the biggest role and contribute most of the money to the ADB.

So you can say, half Japan and half Asia will be participating then.

 

[Mo12]

lol... Asian Development Bank... you know no?

Was looking for a more specific answer there. Its ok anyway. Its late in UK.

 

[Hyde]

Just checked, seems like Japan have the biggest role and contribute most of the money to the ADB.

So you can say, half Japan and half Asia will be participating then.

1) lol seems like you thought India would be controlling ADB

2) Isn't Japan part of Asia?

3) No no, USA, Japan and China are the largest stake holders of ADB.

 

[Mo12]

That's why I said who funds adb as I had a feeling western nations my be involved and u replied asian development bank.. lol

Inshallah india will play a bigger role as we get bigger

---------- Post added at 06:02 AM ---------- Previous post was at 06:02 AM ----------

That's why I said who funds adb as I had a feeling western nations my be involved and u replied asian development bank.. lol

Inshallah india will play a bigger role as we get bigger

 

[Tangent]

There is nothing in "Considering"... pakistan has put proposal and they are considering...
There is a thread in this forum that China is "considering " to invest......wondering how much millions ( not billions ) has it committed ?
This project may be beneficial for pakistan ,but economically unviable for the lenders..