Pakistan has approached the Asian Development Bank (ADB) for financing to support power sector reforms, stabilize the electricity grid, and implement smart metering.
Federal Minister for Power Sardar Awais Ahmed Khan Leghari met ADB Director General Leah Gutierrez to discuss funding and private-sector participation. The government aims to attract investment through public-private partnerships and address debt repayment challenges.
Leghari briefed the ADB delegation on the sector’s challenges, including financing constraints, high upfront costs, and rupee cover issues. He highlighted ongoing reforms, noting that excess power capacity has been removed and no additional procurement will occur. Pakistan is moving toward a competitive electricity market while promoting private investment in power transmission.
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The minister emphasized that Pakistan has already transitioned around 20GW to clean energy but stressed that coordinated financing is needed to maintain grid stability. He also outlined the Energy Surplus Package, aimed at boosting electricity demand and encouraging private-sector power offtake. Leghari assured that feasibility reports for private investors will be shared soon.
Leghari also discussed plans to roll out smart meters through PPPs, focusing on technology integration and efficiency. Gutierrez welcomed the initiative and highlighted ADB’s experience in supporting smart metering, PPP frameworks, and the Integrated Energy Plan. Both sides agreed on the importance of financing and advisory support for renewable energy expansion.
The meeting underscored Pakistan’s commitment to clean energy and market reforms while seeking international support to address structural challenges. ADB’s engagement is expected to strengthen investor confidence and facilitate the country’s transition toward a modern, efficient power sector.