Access to Clean Energy Investment Program (ADB-49056-002)

Countries
  • Pakistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project 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.
Voting Date
Nov 25, 2016
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
  • Energy
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
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.
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 26, 2020

Disclosed by Bank Sep 27, 2016


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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