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Bangladesh Inks $160 Mln Loan Agreement with Asian Development Bank
Bangladesh Inks $160 Mln Loan Agreement with Asian Development Bank
Sputnik India
Bangladeshi Government and the Asian Development Bank (ADB) inked a $160 million loan agreement to support the modernization, efficiency improvement, and expansion of Dhaka's energy supply through the power distribution network.
2024-01-02T20:08+0530
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Bangladeshi Government and the Asian Development Bank (ADB) have signed a $160 million loan agreement. The loan will be used to support the modernization, efficiency improvement and expansion of Dhaka's energy supply through the power distribution network.Following a thorough feasibility study, the project will assist the DESCO in adopting environmentally friendly technologies — such as alternative insulating gases for future gas-insulated substations in place of sulphur hexafluoride.The project will also help DESCO to improve its overall operations to meet internationally accepted standards, as well as establish a safeguards unit covering environmental, social, and gender issues to ensure internationally accepted standards are met for all future infrastructure projects.
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bangladeshi government, asian development bank (adb), efficiency improvement, dhaka's energy supply, economic relations division (erd), dhaka, md. shahriar kader siddiky, secretary of erd, and jiangbo ning, deputy country director of adb, bangladesh, dhaka power system expansion, dhaka electric supply company limited (desco), environmental, social, gender issues, deputy country director of the asian development bank, jiangbo ning, residential, commercial, and industrial customers, power infrastructure, carbon dioxide emissions, public-private partnerships (ppps), republic of korea e-asia knowledge partnership fund
bangladeshi government, asian development bank (adb), efficiency improvement, dhaka's energy supply, economic relations division (erd), dhaka, md. shahriar kader siddiky, secretary of erd, and jiangbo ning, deputy country director of adb, bangladesh, dhaka power system expansion, dhaka electric supply company limited (desco), environmental, social, gender issues, deputy country director of the asian development bank, jiangbo ning, residential, commercial, and industrial customers, power infrastructure, carbon dioxide emissions, public-private partnerships (ppps), republic of korea e-asia knowledge partnership fund
Bangladesh Inks $160 Mln Loan Agreement with Asian Development Bank
20:08 02.01.2024 (Updated: 22:16 02.01.2024) The project aims to assist Dhaka Electric Supply Company Limited (DESCO) in enhancing its entire operations to comply with internationally recognised standards.
Bangladeshi Government and the Asian Development Bank (ADB) have signed a $160 million loan agreement.
The loan will be used to support the modernization, efficiency improvement and expansion of Dhaka's energy supply through the power distribution network.
According to a press release, the Dhaka Power System Expansion and Strengthening Project would add 150 kilometres of overhead wires, eight substations, and more than 100 kilometres of climate and disaster-resilient subterranean cables.
Following a thorough feasibility study, the project will assist the DESCO in adopting
environmentally friendly technologies — such as alternative insulating gases for future gas-insulated substations in place of sulphur hexafluoride.
The project will also help DESCO to improve its overall operations to meet internationally accepted standards, as well as establish a safeguards unit covering environmental, social, and gender issues to ensure
internationally accepted standards are met for all future infrastructure projects.
The Deputy Country Director of the Asian Development Bank, Jiangbo Ning stated to the media that "the assistance will ensure reliable, efficient, and improved quality electricity supply to 200,000 new and 1.1 million existing residential, commercial, and industrial customers as well as the new airport terminal in Dhaka”.
