AFD, EU finance an innovative project on the digitisation of electricity grid in Bangladesh through DPDC-523101

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. 

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