ADB provides $200m loan to improve rural electricity access
BSS
29th December, 2020 07:20:07
The government and the Asian Development Bank (ADB) on Tuesday signed agreements for US$200 million in additional loans, including $130 million concessional loan, to improve access to efficient and reliable electricity supply in rural areas in the country by strengthening transmission and distribution networks.
The additional loans will scale up the ongoing $616 million Bangladesh Power System Enhancement and Efficiency Improvement Project, which ADB approved in 2017, said a press release.
Fatima Yasmin, Secretary, Economic Relations Division (ERD), and Manmohan Parkash, Country Director, ADB, remotely signed the loan agreements on behalf of Bangladesh and ADB, respectively.
ADB approves 200 mln USD to improve access to electricity in rural Bangladesh
Source: Xinhua|
Editor: huaxia
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DHAKA, Dec. 29 (Xinhua) The Asian Development Bank (ADB) and the government of Bangladesh Tuesday signed agreements for 200 million U.S. dollars in additional loans, including 130 million U.S. dollars concessional loan, to improve access to efficient and reliable electricity supply in rural areas in Bangladesh by strengthening transmission and distribution networks.
The additional loans will scale up the ongoing 616 million U.S. dollars Bangladesh Power System Enhancement and Efficiency Improvement Project, which ADB approved in 2017.
Fatima Yasmin, Bangladesh s secretary, Economic Relations Division (ERD), and Manmohan Parkash, country director of ADB in Bangladesh, remotely signed the loan agreements on behalf of Bangladesh and ADB, respectively.
2020-12-29 15:35:56 GMT2020-12-29 23:35:56(Beijing Time) Xinhua English
DHAKA, Dec. 29 (Xinhua) The Asian Development Bank (ADB) and the government of Bangladesh Tuesday signed agreements for 200 million U.S. dollars in additional loans, including 130 million U.S. dollars concessional loan, to improve access to efficient and reliable electricity supply in rural areas in Bangladesh by strengthening transmission and distribution networks.
The additional loans will scale up the ongoing 616 million U.S. dollars Bangladesh Power System Enhancement and Efficiency Improvement Project, which ADB approved in 2017.
Fatima Yasmin, Bangladesh s secretary, Economic Relations Division (ERD), and Manmohan Parkash, country director of ADB in Bangladesh, remotely signed the loan agreements on behalf of Bangladesh and ADB, respectively.
ADB provides $200m loan to improve rural electricity access
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DHAKA, Dec 29, 2020 (BSS) – The government and the Asian Development Bank (ADB) today signed agreements for US$200 million in additional loans, including $130 million concessional loan, to improve access to efficient and reliable electricity supply in rural areas in the country by strengthening transmission and distribution networks.
The additional loans will scale up the ongoing $616 million Bangladesh Power System Enhancement and Efficiency Improvement Project, which ADB approved in 2017, said a press release.
Fatima Yasmin, Secretary, Economic Relations Division (ERD), and Manmohan Parkash, Country Director, ADB, remotely signed the loan agreements on behalf of Bangladesh and ADB, respectively.
Remote Rangabali upazila gets electricity
Staff Correspondent
23rd December, 2020 10:08:20
The hard to reach areas of Rangabali under Patuakhali district, lone off grid upazila in the country, have finally been brought under electricity coverage.
In a statement, Bangladesh Rural Electrification Board (BREB) the state-run organisation informed on Wednesday about the milestone achievement.
A total of 1059 villages in the country including Rangabali upazila are considered as ‘off grid’ areas representing the remote territories from the mainland and remained surrounding with water and most of the time.
The areas are surrounded by rivers and the Bay of Bengal.
BREB Chairman major general (Retd) Moin Uddin mentioned the electrification of Rangabali upazila has set a benchmark in electricity supply to the remote area as part of government vision of cent percent coverage.