World Bank Backs Electricity, Clean Energy Supply For Bangladesh

Electricity

The Bangladesh government and the World Bank have signed a 515 million financing agreement to help convert reliable electricity to clean energy for 9 million people in the country.

The global lender gave this information on Thursday. The electricity distribution modernization program will support the digitization and modernization of 25 rural electricity cooperatives or parli electricity societies in Dhaka and Mymensingh divisions and reduce power system losses by more than 2 percent, reports Xinhua news agency.

The program will increase the Bangladesh Rural Electrification Board (BREB) electricity supply to 6,790 GW, while improving the climate resilience of the power system.

Dandan Chen, World Bank Executive Director for Bangladesh and Bhutan, said: “The Government of Bangladesh has prioritized access to electricity over the past decade and now the entire population has access to electricity. Installed generation capacity has increased five-fold over the same period. 25 GW has gone up.”

“Through this program, new and emerging technologies will further strengthen the efficiency and reliability of electricity supply in the country to meet the needs of rapid economic development,” Chen said.

The bank, through BREB, said the program will support solar metering connections for over 100 customers, bringing 150 MW of new rooftop solar capacity to the grid. It will improve and build 31,000 km of distribution lines and deploy 200,000 advanced meters.

According to the bank, the program will help strengthen Battery Energy Storage Systems (BESS) and deliver renewable energy by creating a roadmap for deployment.

This Will Reduce Carbon Emissions By 41,400 Metric Tons Annually

“The program is aligned with the government’s integrated energy and power sector masterplan, which is currently being prepared, which will help establish a low-carbon energy system,” said Fatima Yasmin, secretary of Bangladesh’s Department of Economic Relations.

The agreement includes a $15 million grant from the Clean Technology Fund to support BESS.

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