Leghari discusses power sector reforms, green financing with ADB delegation

ISLAMABAD: Federal Minister for Energy, Sardar Awais Ahmad Khan Leghari, met with a delegation from the Asian Development Bank (ADB). The delegation was led by ADB’s Director of Energy, Joonho Hwang. During the meeting, there was a detailed discussion on reforms in Pakistan’s energy sector, the privatization of distribution companies (DISCOs), the Public-Private Partnership (PPP) model, and future cooperation.
The Federal Minister stated that the Asian Development Bank has always played a positive role in promoting the Public-Private Partnership model and integrated energy planning. He shared that, in the first phase, three DISCOs will be privatized, and both investment and technical assistance in this regard will be appreciated. The Minister emphasized that the government is focusing on clean energy, has already introduced a new tariff for electric vehicles, and is seeking international cooperation to improve the grid and metering systems. He further mentioned that Pakistan has demonstrated environmental responsibility by shutting down approximately 2,800 MW of fossil fuel plants ahead of schedule and now seeks access to green financing and carbon credits.
Joonho Hwang said that the Asian Development Bank is proud to support Pakistan’s energy sector. He noted that $130 million has been approved for the sector, with an initial $30 million immediately available. He added that the ADB appreciates the Pakistani government’s efforts to promote green financing, and their team will engage from the early stages of projects to ensure Pakistan receives maximum benefits from this financing.
He further stated that the Bank will fully support Pakistan in areas such as privatization, the establishment of a carbon market, modernization of the transmission and distribution system, and the advancement of renewable energy projects.
The Federal Minister reaffirmed the commitment to ensure transparency, sustainability, and the use of modern technology in all energy projects. He stated that the government’s policies aim to provide the public with sustainable and affordable electricity, and in this regard, the cooperation of international partners is of utmost importance.
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