ADB to help fund LNG terminal


MONITORING REPORT ISB: The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal, a special purpose company which will build Pakistan’s first liquefied natural gas (LNG) regasification terminal.

"Pakistan urgently needs to utilize its existing power generation capacity fully, while reducing its reliance on costly imported diesel fuel for electricity generation," said Azim Hashimi, an investment specialist from ADB.

He said that

Read more