ADB Grant to Help Pakistan Create Energy Efficiency Investment Program
MANILA, PHILIPPINES - The Asian Development Bank (ADB) is helping Pakistan craft a comprehensive energy efficiency policy and investment program to meet the growing energy demands of an expanding economy and population. “Improved energy efficiency brings substantial benefits to the Pakistan economy,” said Bayanjargal Byambasaikhan, Energy Specialist of ADB’s Central and West Asia Department. “It is important to establish an effective energy efficiency policy and the right business environment for the sector.” ADB is providing a $600,000 grant to fund the preparation of the Sustainable Energy Efficiency Development Program, with Pakistan contributing $100,000 to complete the funding requirement. The activities will include a comprehensive study on the energy efficiency market and build awareness in the country of the need for energy efficiency. It will also draw up a strategy for launching a sustainable long-term national energy efficiency program and design suitable investment projects. Rapid economic expansion and population growth in Pakistan have substantially increased energy demand, as the country continues to industrialize and standards of living improve. Pakistan’s Medium-Term Development Framework 2005-2010 sets out an 8% annual gross domestic product growth target, and to achieve this, energy consumption is forecast to expand at an average rate of 12% annually, more than double the rate between 2000 and 2006. About ADB | 
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