Reducing risk for local commercial banks

Karachi, Pakistan Aerial Bundled Cables (ABC) roll-out & smart grid solutions Electricity Transmission & Distribution
PCG BENEFICIARY: Standard Chartered Bank TENOR: 5.5 years

Partial guarantee for a USD 50 million amortizing 5.5-year corporate term loan facility, split equally between two tranches denominated in PKR and USD.

The projects will result in long-term savings for KE through reduction in T&D losses, estimated to be around 20 percent of the power it generated in 2018, which will allow KE to further invest in infrastructure.