Pakistan: Private Sector
Pakistan is one of the largest recipients of ADB’s private sector development assistance with over $ 1 billion approved equity investments, loans (including cofinancing), and guarantees. In line with ADB’s country partnership strategy, power and energy infrastructure projects are among the key priority sectors for ADB’s private sector operations in Pakistan. The ongoing portfolio comprises three domestic gas-based thermal independent power projects, including Pakistan's first private sector hydropower project, the first privately owned wind power project, a privatized electricity utility, and an equity fund.
Under ADB’s $1 billion Trade Finance Facilitation Program, trade financing agreements have been signed with 13 Pakistani commercial banks with the objective of bolstering export and import activities and stimulating private sector investments.
ADB-supported Zorlu Wind Power Project, a 56.4 MW wind plant located in Jhimpir Sindh, achieved financial closure in October 2011. The project will provide low-cost renewable power to the national grid by early 2013 under a 25-year energy purchase agreement.