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Pakistan Program for Affordable and Clean Energy (PACE)

Abstract*

The development objectives of the Program for Affordable and Clean Energy Development Policy Financing in Pakistan are to reduce circular debt flow through reducing power generation costs, decarbonizing the energy mix, improving efficiency in distribution, and retargeting electricity subsidies. The operation is designed to support the Government of Pakistan’s power sector reforms by focusing on three pillars: (1) reducing power generation costs and...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To reduce circular debt flow through reducing power generation costs, decarbonizing the energy mix, improving efficiency in distribution, and retargeting electricity subsidies.

Key Details

Project Details

  • P174553

  • Closed

  • Mats Liden , Saiyed Mohib

  • THE ISLAMIC REPUBLIC OF PAKISTAN

  • Pakistan

  • May 10, 2021

  • (as of board presentation)

    June 28, 2021

  • September 27, 2021

  • US$ 0.00 million

  • MINISTRY OF FINANCE AND REVENUE

  • South Asia

  • 2021

  • US$ 400.00 million

  • N/A

  • N/A

  • June 30, 2022

  • BANK APPROVED

  • February 8, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 200.00
International Bank for Reconstruction and Development 200.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 200.00
IDA Commitment 200.00
IBRD + IDA Commitment 400.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jun 28, 2021 IBRD-92770 Loan Commitment 200,000,000.00
Jun 28, 2021 IDA-69450 Loan Commitment 200,000,000.00
Nov 1, 2023 IBRD-92770 Int Charges 85,997.94
Nov 1, 2023 IBRD-92770 Int Charges 6,189,404.50
Oct 1, 2023 IDA-69450 Int Charges 678,122.90
Oct 1, 2023 IDA-69450 Int Charges 678,122.90
Oct 1, 2023 IDA-69450 Int Charges 1,144,854.50
Oct 1, 2023 IDA-69450 Int Charges 8,789.83
Oct 1, 2023 IDA-69450 Int Charges 8,789.83
Apr 1, 2024 IDA-69450 Int Charges 34,448.89
Apr 1, 2024 IDA-69450 Int Charges 34,448.89
Apr 1, 2024 IDA-69450 Int Charges 16,401.59
Apr 1, 2024 IDA-69450 Int Charges 16,401.59
Apr 1, 2024 IDA-69450 Int Charges 640,606.90
Apr 1, 2024 IDA-69450 Int Charges 640,606.90
Apr 1, 2024 IDA-69450 Int Charges 1,152,428.90
May 1, 2024 IBRD-92770 Int Charges 6,564,529.00
May 1, 2024 IBRD-92770 Int Charges 38,418.63
Sep 27, 2021 IBRD-92770 Loan Disb 500,000.00
Sep 27, 2021 IBRD-92770 Fee Charges 500,000.00
Sep 28, 2021 IBRD-92770 Loan Disb 199,500,000.00
Sep 28, 2021 IDA-69450 Loan Disb 197,156,864.00
May 1, 2022 IBRD-92770 Int Charges 42,462.33
May 1, 2022 IBRD-92770 Int Charges 166,234.45
May 1, 2022 IBRD-92770 Int Charges 925,111.06
Apr 1, 2022 IDA-69450 Int Charges 12,017.93
Apr 1, 2022 IDA-69450 Int Charges 12,017.93
Apr 1, 2022 IDA-69450 Int Charges 20,029.89
Apr 1, 2022 IDA-69450 Int Charges 721,076.00
Apr 1, 2022 IDA-69450 Int Charges 721,076.00
Apr 1, 2022 IDA-69450 Int Charges 1,201,793.40
Nov 1, 2022 IBRD-92770 Int Charges 3,057,629.80
Oct 1, 2022 IDA-69450 Int Charges 1,114,295.50
Oct 1, 2022 IDA-69450 Int Charges 643,680.25
Oct 1, 2022 IDA-69450 Int Charges 643,680.25
Oct 1, 2022 IDA-69450 Int Charges 24,897.10
Oct 1, 2022 IDA-69450 Int Charges 24,897.10
Apr 1, 2023 IDA-69450 Int Charges 640,210.60
Apr 1, 2023 IDA-69450 Int Charges 640,210.60
Apr 1, 2023 IDA-69450 Int Charges 1,171,190.90
Apr 1, 2023 IDA-69450 Int Charges 62,503.92
Apr 1, 2023 IDA-69450 Int Charges 62,503.92
May 1, 2023 IBRD-92770 Int Charges 169,995.48
May 1, 2023 IBRD-92770 Int Charges 5,099,273.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.