In Bangledesh, ADBB, IDB Loans to Fill In Huge Power Deficit
Wednesday, August 17, 2011
Bangladesh will soon be developing new sources of sustainable energy, thanks to loans totaling $581 million from the Asian Development Bank and the Islamic Development Bank. This is expected to fill in the country’s huge power deficit, as almost half of the population does not have access to electricity.
The ADB will provide $300 million for the construction of a new natural gas-fueled power station to replace aging units at the country’s second-largest plant in Ashuganj.