Government asks ADB for power debt support

Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari has sought the Asian Development Bank's (ADB) support in addressing power sector debt repayment challenges and in building confidence among private investors. According to an official statement issued on Wednesday, Leghari met with a delegation of the ADB led by Leah Gutierrez, Director General, Central and West Asia Department. Leghari briefed the delegation on key challenges facing the power sector. He highlighted constraints in financing, issues related to rupee cover and high upfront costs. He added that the government is engaging local investors through the Pakistan Business Council to attract private investment in the power transmission sector and improve market visibility.