Asian Development Bank provides additional loan of $200 million to improve power distribution in Bangladesh

The Asian Development Bank (ADB) has announced that a $200 million loan has been approved as additional financing to the ongoing Bangladesh Power System Enhancement and Efficiency Improvement Project to further improve electricity distribution network in rural areas in the Khulna division. According to the ADB, “improvement of power distribution networks in rural areas and strengthening the capacity of the Bangladesh Rural Electrification Board (BREB) will ensure safe, efficient, and productive electricity usage in BREB service areas. Providing reliable electricity supply in rural areas, including Khulna division, will help improve household incomes by reducing expenses on kerosene for cooking and lighting and provide opportunities for energy-based economic activities”. 

“Reliable and sustainable electricity distribution and service is an important aspect to Bangladesh’s growth and development, as well as improving the quality of life of its people,” said ADB Principal Energy Specialist for South Asia Teruhisa Oi. “This additional support will expand the coverage of our project but more importantly provide electricity to one of the poorest divisions in the country and significantly contribute to the government’s goal of providing its people 100% access to power by 2021.” 

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