Australia’s commitment will include the country investing the money towards phase two of Pakistan’s programme, Sustainable Development Investment Portfolio (SDIP), over the next four years.
The SDIP is a 12-year project that begun in 2013 with the aim of improving the management of energy and water resources in South Asian countries through regional and international co-operations.
Phase two of the SDIP will focus on leveraging innovative solutions to enhance water and energy management in Pakistan communities in the Indus Basin, reported a local publication.
[quote] In phase one of the project, Australia invested AUS$4 million.
Commenting on the development, Margaret Adamson, Australia’s ambassador in Pakistan, said the funding aims to help the South Asian state to cope with the growing demand of water and energy due to a rapid increase in population.
In a bid to ensure enhanced energy management, utilities in Pakistan have submitted their plans to install smart meters.
In late July, the Executive Committee of the National Economic Council announced utility smart meter projects to benefit from $448.3 million in funding issued by the Asian Development Bank.
The approved projects include two Advanced Metering Infrastructure (AMI) projects to be rolled out by the Islamabad Electric Supply Company (IESCO).
The first of the utility’s approved projects include the installation of smart electric meters in Rawalpindi circle and Taxila at a cost of $161.2 million.
The project will also include IESCO upgrading its entire billing system.
The second project which secured the Asian Development Bank’s funding will involve the deployment of the smart meters in south eastern Lahore. [ADB approves US$800m loan for Pakistan AMI development].
The approval of the smart meter projects follows last year’s rejection by ECNEC.
The council had denied the approval of multiple smart meters projects due to the Ministry of Power and Water’s failure to develop a national standard for rollout of the meters.
Image credit: www.almansah.com.