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Bangladesh: Power System Upgrade and Expansion

SUMMARY

STATUS
Approved
MEMBER
Bangladesh
SECTOR
Energy
E&S CATEGORY
Category B
PROJECT NUMBER
000088

FINANCING

APPROVED FUNDING
USD120 million
FINANCING TYPE
Sovereign

TIMELINE

CONCEPT REVIEW
August 31, 2018
APPRAISAL REVIEW/FINAL REVIEW
December 18, 2018
FINANCING APPROVAL
March 26, 2019
LATEST FIELD VISIT
November 2018
LOAN CLOSING/LAST DISBURSEMENT
December 31, 2022

OBJECTIVE

The objective is to upgrade and expand the power transmission system in the Chittagong region to ensure adequate and reliable power supply in the southeastern region of Bangladesh.

DESCRIPTION

The project will construct 46 km of 400 kV and 230 kV double-circuit transmission lines and associated substations and line bays in the Chittagong region. This will collectively provide 1,400 megavolt-ampere (MVA) transmission capacity at different voltage levels.

PROJECT FINANCING

For more information about project financing, please review the project summary.

ENVIRONMENTAL AND SOCIAL INFORMATION

The Project has been screened and reviewed with reference to AIIB’s Environmental and Social Policy (ESP) and Environmental and Social Standards (ESS). The Project has been assigned Category B.

Please review the project summary for additional information.

PROJECT TEAM LEADER

Raqib Ahmed Chowdhury

Investment Operations Specialist

raqib.chowdhury@aiib.org

 

 

BORROWER

Md. Shahriar Kader Siddiky

Joint Secretary,
Economic Relations Division,
Ministry of Finance, Government of the People’s Republic of Bangladesh

wingchief08@erd.gov.bd

 

IMPLEMENTING ENTITY

Managing Director

Power Grid Company of Bangladesh (PGCB) Limited

md@pgcb.gov.bd

 

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