AFD, EU finance an innovative project on the digitisation of electricity grid in Bangladesh through DPDC
Diplomatic Correspondent
11th December, 2020 10:53:42
The French Development Agency (AFD) has agreed to provide a 100 million euro to Bangladesh to reinforcing its role as an active participant in the search for and use of advanced digital solutions in power and energy sector in Bangladesh.
This support comes via AFD’s concessional sovereign loan and will go towards financing project titled Construction and Augmentation of Substation and Installation of the Capacitor Bank in Power System under DPDC’.
A credit facility agreement from AFD worth 100 million Euros was signed on December 8 Ms. Fatima Yasmin, Secretary, Economic Relations Division, Ministry of Finance and Mr. Benoit Chassatte, AFD Country Director for Bangladesh, with Jean-Marin Schuh, Ambassador of France to Bangladesh as co-signatory.
Digital Solutions in Energy Sector
AFD to provide loan of 100m euros Diplomatic Correspondent Diplomatic Correspondent
The French Development Agency (AFD) will provide a loan of 100 million euros to Bangladesh for reinforcing its role as an active participant in the search for and use of advanced digital solutions in power and energy sector in the country.
This support comes via AFD s concessional sovereign loan and will go towards financing the project titled Construction and Augmentation of Substation and Installation of the Capacitor Bank in Power System under DPDC .
A credit facility agreement from AFD worth 100 million euros was signed between Fatima Yasmin, secretary of the Economic Relations Division, and Benoit Chassatte, AFD country director for Bangladesh, and French Ambassador to Bangladesh Jean-Marin Schuh, said French embassy in a statement yesterday.
The French Development Agency (AFD) will provide a loan of 100 million euros to Bangladesh for reinforcing its role as an active participant in the search for and use of advanced digital solutions in power and energy sector in Bangladesh.
Staff Correspondent,
bdnews24.com
Published: 11 Dec 2020 04:06 AM BdST
Updated: 11 Dec 2020 04:06 AM BdST
The French Development Agency AFD has agreed to provide 100 million euros in loan to Bangladesh for the digitalisation of the country’s power and energy sector. );
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The deal aims to reinforce France’s role as an “active participant in the search for and use of advanced digital solutions in power and energy sector in Bangladesh”, the French embassy said in a statement on Thursday.
The support comes via AFD’s concessional sovereign loan and will go towards financing projects titled Construction and Augmentation of Substation and Installation of the Capacitor Bank in Power System under DPDC.
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