Bangladesh receives $616M loans to improve power systems
Bangladesh is getting a $616 million loan from the Asian Development Bank (ADB) to improve the power supply and efficiency of its distribution network.
The funds will be used to rehabilitate and expand over 50,000 km of rural distribution network, construct a 174-km 400 kV transmission link between the southern Bangladesh and Dhaka and to install automated control systems for the distribution network in Dhaka, reports bdnews24.
These projects form part of the $1 billion Power System Enhancement and Efficiency Improvement Project, whose aim is to fulfil Bangladesh’s goal of providing 100 % access to electricity by 2021.
“Nearly one million households, majority in rural areas, will be newly connected through this project,” ADB Country Director said. “The project will also help more power transmission to the Dhaka region to meet rising demand for electricity in the largest and rapidly expanding growth center in the country.”