Bangladesh secures $505M loan for transmission power projects
Bangladesh has secured two loans totalling $505 million from the World Bank to expand its power transmission network and bring clean renewable energy to rural areas.
The first loan of $450 million will be used for enhancement and bolstering of the country’s power transmission system in its eastern region, reports EBR.
As part of the project, 13 new substations will be built and an existing substation will be rehabilitated in the eastern part of Bangladesh.
The project will also see construction of a 230 kV transmission line through greater Cumilla along with four short distance 132 kV lines in Cumilla and Noakhali areas.
The other loan of $55million will be used for boosting the use of clean renewable energy across rural regions of the country where grid electricity is difficult to reach.