Business Desk :
The World Bank will lend $515 million to Bangladesh for two projects to help expand electricity transmission network and improve insurance coverage.
The agreement signing ceremony between Bangladesh and the bank was held in this regard in Dhaka, said the bank in a statement on Tuesday.
The $450 million project titled Enhancement and Strengthening of Power Transmission Network in Eastern Region aims to improve reliable electricity supply and reduce load shedding in the eastern region, covering greater Cumilla, Noakhali and parts of greater Chattogram.
About 275,000 households and 16,000 agricultural consumers will get new electricity connection.
The project will build 13 new substations and rehabilitate an existing one in the country’s eastern part. These will also help integrate renewable energy and new generations into the grid. The project will build one 230 kV transmission line through greater Cumilla and four short distance 132 kV lines in Cumilla and Noakhali areas.
“In recent years, the government has significantly increased power generation. But, only investing in power generation is not sufficient, unless that is supported by improvement in transmission and distribution,” said Qimiao Fan, WB country director for Bangladesh, Bhutan, and Nepal.
The World Bank will lend $515 million to Bangladesh for two projects to help expand electricity transmission network and improve insurance coverage.
The agreement signing ceremony between Bangladesh and the bank was held in this regard in Dhaka, said the bank in a statement on Tuesday.
The $450 million project titled Enhancement and Strengthening of Power Transmission Network in Eastern Region aims to improve reliable electricity supply and reduce load shedding in the eastern region, covering greater Cumilla, Noakhali and parts of greater Chattogram.
About 275,000 households and 16,000 agricultural consumers will get new electricity connection.
The project will build 13 new substations and rehabilitate an existing one in the country’s eastern part. These will also help integrate renewable energy and new generations into the grid. The project will build one 230 kV transmission line through greater Cumilla and four short distance 132 kV lines in Cumilla and Noakhali areas.
“In recent years, the government has significantly increased power generation. But, only investing in power generation is not sufficient, unless that is supported by improvement in transmission and distribution,” said Qimiao Fan, WB country director for Bangladesh, Bhutan, and Nepal.
