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Publish Date : 31-May-2017

After Economic Relations Division Secretary Kazi Shofiqul Azam and ADB Country Director Kazuhiko Higuchi inked an agreement in Dhaka, it has been announced that Bangladesh is receiving a $616 million loan from the ADB to enhance the coverage of power and the distribution network's efficiency.

The money will be used to restore and expand over 50,000 km of rural distribution network, to build 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.

The 'Power System Enhancement and Efficiency Improvement Project' is designed to meet Bangladesh's goal of providing full access to power by 2021.

The project's total cost is $1,059 million. ADB is offering a market-based loan of $600 million and a concessional loan of $16 million, while the Bangladesh government will contribute $441 million.

ADB Country Director Higuchi said, "Nearly one million households, majority in rural areas, will be newly connected through this project. 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."

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