The Asian Infrastructure Investment Bank (AIIB) has agreed to finance the Dhaka and Western Zone transmission grid expansion project in Bangladesh.
The proposed project will see the construction of 408km of transmission lines, substations and bay extensions.
Once completed, the project is expected to lower the number of annual power outages from 60 to 15 and reduce transmission loss from 2.7% to 2.5% by 2025.
In addition, the project is expected to add 7,440 megavolt-ampere (MVA) of power transmission capacity and decrease average annual carbon dioxide emissions by 455,785t.
AIIB vice-president and chief investment officer DJ Pandian said: “AIIB’s investment gives much-needed financing to provide affordable, reliable and modern energy, especially in areas where people lack basic infrastructure.
“The project will also help the power sector tackle climate change impacts, making the grid more climate-resilient.”
Implemented by Power Grid Company of Bangladesh (PGCB), the project will improve power transmission efficiency and reliability in the country’s capital and western region.
