Bangladesh signs for $120 loan for power connectivity with IndiaStaff writer ▼ | November 20, 2015
The Asian Development Bank (ADB) and the Bangladeshi government have signed an agreement for $120 million in loans to help finance increased transmission capacity of a cross-border electricity link between India and Bangladesh.
Energy The loan to Bangladesh
Along with ADB's loan assistance, the government of Bangladesh will provide financing of $63.2 million. The project is expected to be completed in June 2018.
The ADB's loan to Bangladesh, approved in ADB headquarters in Manila on Thursday, will double the capacity of the existing interconnection system which links the power grid of western Bangladesh at Bheramara and the grid of eastern India at Bharampur, said the Manila-based lender in a statement. ■