Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Pakistan
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Development Bank (ADB)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-11-25
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
  • Hydropower
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 325.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ ADB website
Updated in EWS: 2017-08-09
Disclosure Date: 2016-09-27
Access to Clean Energy Investment Program
ADB-49056-002

Project Description
DESCRIPTION The proposed Asian Development (ADB) assistance will contribute to Pakistan''s national goal of enhanced energy security. The program will be implemented over a period of 5-10 years and will support the provincial governments of Khyber PakhtunKhwa (KPK) and Punjab (GoKPK and GoPb) to achieve increased access to sustainable and more reliable electricity services for vulnerable communities. This outcome will be achieved through four components: (i) expanding access to renewable energy, notably micro-hydropower (MHP) plants in rural off-grid areas of KPK, and decentralized solar plants for education and primary health care facilities (PHFs) in KPK and Punjab; (ii) providing women and girls with increased opportunities to obtain energy services and benefits; (iii) enhancing institutional capacity to foster sustainability; and (iv) promoting public sector energy efficiency in Punjab. PROJECT RATIONALE AND LINKAGE TO COUNTRY/REGIONAL STRATEGY The proposed program is in line with ADB's midterm review of Strategy 2020, which emphasizes inclusive economic growth, infrastructure development, and engagement in middle-income countries. It is also aligned with ADB's Country Partnership Strategy 2015 -2019 for Pakistan, where energy is defined as one of six sectors for ADB cooperation. The provision of energy to poorer and remote rural areas outside the national grid is a priority in ADB''s Energy Policy 2009. IMPACT Economic growth through sustainable energy access in remote areas of Pakistan (project defined). OUTCOME Energy access utilizing off-grid RE resources in KPK and Punjab increased.
Investment Description
Loan 3476-PAK: Access to Clean Energy Investment Program Ordinary capital resources US$ 325.00 million Loan: Access to Clean Energy Investment Program Agence Francaise de Developpement US$ 78.60 million TA 9247-PAK: Access to Clean Energy Investment Program Technical Assistance Special Fund US$ 750,000.00
Contact Information
ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main CONTACTS Responsible ADB Officer Tareen, Adnan Responsible ADB Department Central and West Asia Department Responsible ADB Division Energy Division, CWRD Executing Agencies Energy Department, Government of Punjab ED.CONTACT@ENERGY.PUNJAB.GOV.PK 8th Floor, EFU House, 6D_Main Gulberg, Jail Road, Lahore, Pakistan Energy and Power Department, Government of Khyber Paktunkhwa ZAIN.SHAH@KPKEP.GOV.PK E&P-GoKPK, Abdul Wali Khan Multiplex, Block A, Civil Secretariat, Peshawar, Pakistan
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