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|
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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.