The World Bank has approved $375.9 million in financing for Pakistan’s Grid Stability Enhancement Project, aimed at strengthening the country’s national electricity transmission network under the Boosting Energy Security through Transmission in Pakistan (BEST-PAK) Multiphase Programmatic Approach (MPA).
According to a statement, the project marks the first phase of a 10-year program designed to modernise Pakistan’s power transmission infrastructure, improve grid reliability, reduce electricity outages, and facilitate the integration of cleaner energy into the national grid.
Commenting on the initiative, Bolormaa Amgaabazar, the World Bank’s Country Director for Pakistan, said that the country’s energy challenges are closely linked to its broader economic stability, highlighting the importance of strengthening the power transmission system to support sustainable economic growth.
