APPROVAL DATE: June 24, 2016 SECTOR: ENERGY COUNTRY: BANGLADESH
Bangladesh: Distribution System Upgrade and Expansion Project
AIIB approved a loan of $165 million for the Distribution System Upgrade and Expansion Project in Bangladesh on June 24, 2016.
The Project will enhance power distribution capacity and increase the number of rural and urban electricity consumers in Bangladesh, and is comprised of two components:
(1) provision of about 2.5 million service connections to rural consumers;
(2) upgrading two grid substations and conversion of 85 km overhead distribution lines into underground cables in north Dhaka. The Bangladesh Rural Electrification Board (BREB) and Dhaka Electric Supply Company Limited (DESCO) are the project implementation agencies. The Project implementation period is from July 2016 to June 2019, and upon completion, is expected to benefit an estimated 12.5 million people, in both urban and rural areas.