WASHINGTON, March 29, 2018 - The World Bank’s Board of Executive Directors today approved the following project:
Enhancement and Strengthening of Power Transmission Network in Eastern Region Project
IDA Loan: US$450 million
Terms: Maturity = 35 Years, Grace = 4 Years
Project ID: P159974
Project Description: The project will enhance transmission capacity, ensure efficient evacuation of power, and improve grid operations. It will expand the electricity transmission network in the eastern region, covering the greater Comilla and Noakhali, and part of the greater Chittagong. It will provide new electricity connections to 275,000 households and 16,000 agricultural consumers and reduce power interruptions. The project will expand the existing grid network by building 13 new substations and rehabilitating an existing one.