World Bank has shown willingness to extend financing to upgrade inefficient fans

In order to facilitate and upgrade the inefficient fans costing over Rs 300 billion, World Bank (WB) has shown willingness to extend financing for government initiative. Under the chairmanship of SAPM on Governance Effectiveness Jehanzeb Khan to streamline the implementation of energy efficiency initiatives, Power Division presented the initial concept of fan replacement program. Additional Secretary Power Division suggested that NEECA may lead the initiative through a dedicated Project Management Unit (PMU).

Discos can facilitate in recovery of money through electricity bills, data reconciliation, and verification of consumers and development of payment gateways between banks, consumers, Discos and vendors. World Bank team briefed the participants regarding 10m Fans Initiatives – a flagship energy conservation initiative. As this initiative will cost around Rs 81 billion, World Bank has shown its willingness to fund the initiative. The meeting also decided that inefficient manufacturers may be phased out through stringent standards.

The meeting was attended by Secretary Industries and Production, Additional Secretary Power, Additional Secretary Science & Technology, Provincial Energy Secretaries, MD National Energy Efficiency & Conservation Authority (NEECA) and senior level representatives from Prime Minister’s Office and the World Bank