Japanese govt extends project loan effective period.

Islamabad -- The Japanese government extended the project loan effective period upto 31 december 2024 of ongoing loan project being provided to National Transmission and dispatch co ltd (NTdc) for Punjab Transmission and Grid stations Project (1). The Japanese government extended the utilisation of project loan for replenishment of materials used in repair and maintenance of NTdc's national transmission lines affected by flood 2022 in Pakistan. The loan agreement was signed on 3rd may 2008 under which JIca provided project-based loan of Japanese Yen 11,943,000,000/- (11.94b Japanese Yen). In this regard, the letter of amendment of loan agreement has been signed between Japan International cooperation agency (JIca) headquarter, Tokyo, Japan and ministry of Economic affairs, Government of Pakistan. additionally, JIca also accepted the utilisation of remaining project loan amount for flood response. The extension of loan utilisation period will enable National Transmission and dispatch co ltd (NTdc) to utilise remaining balance for the procurement of necessary materials as replenishment of essential materials in NTdc warehouses which...