The credit is from the World Bank’s International Development Association (IDA), and has a 35-year term, including a five-year grace period.

The ‘Electricity Distribution Modernization Program’ will support the digitisation and modernisation of 25 Palli Bidyut Samitis in Dhaka and Mymensingh divisions and reduce system losses by over 2 per cent.

The Programme will increase Bangladesh Rural Electrification Board’s (BREB) delivery of power by 6,790 GW while improving climate resilience of the system, according to a release.

“The programme is aligned with the government’s ‘Integrated Energy and Power Sector Master Plan’, currently under preparation, which will help establish a low carbon energy system,” said secretary Fatima.

She said that generating clean and reliable power can help rural communities to increase productivity and cope with events brought on by climate change.

“The government of Bangladesh has prioritised access to power in the last decade and now the entire population has access to power. The installed generation capacity increased five-fold to 25 GW in the same period,” Chen said.

Through this programme, new and emerging technologies will further strengthen the efficiency and reliability of power supply in the country to meet the needs for faster economic growth, he added.

The programme will support solar metering connections for over 100 customers, bringing 150 MW of new rooftop solar capacity into the grid.

It will improve and construct 31,000 kilometres of distribution lines and deploy 200,000 advanced meters, the release said.

In addition, the programme will also help strengthen BESS and distributed renewable energy through preparation of road maps for deployment.

This would lead to an annual reduction of carbon emissions by 41,400 metric tonnes.

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