Economic Reporter :
Asian Development Bank (ADB) organized a get together programme on Thursday night at UTC building in the city. A good number of banking experts and journalists took part the programme.
Actually, the bank will provide Bangladesh with US$ 120 million in assistance to help finance increased transmission capacity of a cross-border electricity link between Bangladesh and India.
An agreement to this effect was signed on Thursday between the ADB and the government of Bangladesh at the Economic Relations Division (ERD) in the city’s Sher-e-Bangla Nagar.
Senior Secretary of the ERD Mohammad Mejbahuddin and the ADB Country Director in Bangladesh Kazuhiko Higuchi signed the agreement on behalf of their respective sides.
The SASEC Second Bangladesh-India Electrical Grid Interconnection Project will double the capacity of the existing 500 megawatts interconnection system which links the power grid of western Bangladesh at Bheramara and the grid of eastern India at Bahrampur.
The two networks were first interconnected in 2013, under a previous project financed by ADB.
Bangladesh’s fast-growing economy has soaring energy needs, and demand is exceeding domestic natural gas supplies, resulting in an increasing dependence on oil and diesel-based plants.
To meet its goal of providing electricity for all by 2021, the government is working to increase generating capacity and to source additional supply. The initial linking of the two national grids helped India deliver over 2,000 gigawatt hours of electricity across the border in 2014.
Asian Development Bank (ADB) organized a get together programme on Thursday night at UTC building in the city. A good number of banking experts and journalists took part the programme.
Actually, the bank will provide Bangladesh with US$ 120 million in assistance to help finance increased transmission capacity of a cross-border electricity link between Bangladesh and India.
An agreement to this effect was signed on Thursday between the ADB and the government of Bangladesh at the Economic Relations Division (ERD) in the city’s Sher-e-Bangla Nagar.
Senior Secretary of the ERD Mohammad Mejbahuddin and the ADB Country Director in Bangladesh Kazuhiko Higuchi signed the agreement on behalf of their respective sides.
The SASEC Second Bangladesh-India Electrical Grid Interconnection Project will double the capacity of the existing 500 megawatts interconnection system which links the power grid of western Bangladesh at Bheramara and the grid of eastern India at Bahrampur.
The two networks were first interconnected in 2013, under a previous project financed by ADB.
Bangladesh’s fast-growing economy has soaring energy needs, and demand is exceeding domestic natural gas supplies, resulting in an increasing dependence on oil and diesel-based plants.
To meet its goal of providing electricity for all by 2021, the government is working to increase generating capacity and to source additional supply. The initial linking of the two national grids helped India deliver over 2,000 gigawatt hours of electricity across the border in 2014.
