France will provide 180 million Euros’ soft loan for the National Transmission and Despatch Company (NTDC) projects located in Sialkot, Arifwala, Vehari.
Credit Facility Agreement to this effect was signed in Islamabad on Wednesday.
Federal Secretary, Ministry of Economic Affairs Dr. Kazim Niaz, Ambassador of France Nicolas Galey and Country Director of the French Development Agency Philippe Steinmetz signed the agreement.
This loan will support the NTDC in its transmission mandate to provide reliable and efficient power supply in major cities of Punjab.
The funding will also help enhance the transmission of efficient power distribution in Pakistan. Such benefits will contribute to improving affordability and scaling up the energy supply.
On the occasion, the Federal Secretary thanked the French Government and AFD for extending this financial assistance to Pakistan.
