Energy Minister Owais Leghari held a meeting on Wednesday with a delegation from the Asian Infrastructure Investment Bank (AIIB) to explore investment opportunities within Pakistan’s energy sector, focusing on transmission systems and renewable energy initiatives.
Leghari highlighted the considerable potential for investment in the North-South transmission infrastructure, emphasizing the government’s commitment to modernizing the power sector through digitalization and the deployment of advanced AMI meters.
He outlined a phased strategy aimed at installing approximately 10 million smart meters nationwide, noting that around 1.5 million of these modern meters have already been installed during the initial phase. The minister also underscored the prioritization of battery energy storage systems alongside transmission line projects.
The AIIB delegation conveyed strong interest in supporting Pakistan’s energy development, with Konstantin revealing that the bank currently has an investment pipeline estimated between $100 million and $150 million. Moving forward, the bank plans to conduct further assessments of financing opportunities in renewable energy, sustainable infrastructure, and transmission ventures.
