$120 M granted for Bangladesh power transmission expansion
Bangladesh: The China-based Asian Infrastructure Investment Bank, or AIID, has approved a loan of $120 M for a project that aims to upgrade and expand the power transmission system in Chattogram.
An initiative of the Power Grid Corporation of Bangladesh, the project titled “Bangladesh Power System Upgrade and Expansion Project” will construct and upgrade more than 46 km of double-circuit transmission lines and associated substations and line bays.
The project will also improve voltage stability and reduce voltage fluctuations and the need to spread the demand for electrical power, allowing more residences and businesses to connect to the regional grid.
The Bangladesh Power System Upgrade and Expansion Project is one of four energy projects in Bangladesh that have received funding from AIIB. The projects are geared towards enhancing distribution capacity, increasing the number of rural and urban electricity consumers, improving efficiency in gas production, expanding gas transmission pipeline capacity and increasing power generation capabilities in Bangladesh.