The World Bank’s Board of Executive Directors has approved $375.9 million in financing for Pakistan’s Grid Stability Enhancement Project.
The funding is designed to strengthen the country’s electricity transmission network, a critical infrastructure component that has historically struggled with reliability and capacity constraints.
This approval represents the initial phase of a comprehensive 10-year program.
The broader initiative aims to modernize Pakistan’s power grid, significantly cut power outages, and expand access to clean energy sources.
By targeting transmission stability, the project addresses a key bottleneck in the country’s energy sector, where generation capacity has often been undermined by distribution and transmission losses.
The financing comes as Pakistan continues to navigate economic challenges and seeks to improve its business environment through infrastructure upgrades.