ADB provides 616 mln dollars loan to improve power systems in Bangladesh

DHAKA, May 29: The Asian Development Bank (ADB) will provide a 616 million dollars loan to Bangladesh to help the south Asian nation meet its goal of providing 100 percent access to electricity to its citizens by 2021.
The project includes rehabilitation and expansion of over 50,000 kilometers of rural distribution network across the country, construction of a 174-km 400 kV transmission link between southern Bangladesh and Dhaka, and installation of automated control systems for the distribution network in the capital.
“Nearly one million households, majority in rural areas, will be newly connected through this project,” said Kazuhiko Higuchi, country director of ADB in Bangladesh.
The total cost of the project, an agreement for which was signed by the ADB and the Bangladesh government on Monday, is nearly 1.
1 billion dollars.
(Reuters)