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 global lender said in a statement on Thursday. “The government of Bangladesh has prioritised access to electricity in the last decade and now the entire population have access to electricity. The installed generation capacity increased five-fold to 25 GW in the same period,” said Dandan Chen, the agency's acting country director for Bangladesh and Bhutan. The initiative also aims to cut annual carbon emissions by 41,400 metric tons by strengthening Battery Energy Storage Systems (BESS) and distributing renewable energy. The programme is aligned with the government’s Integrated Energy and Power Sector Masterplan, currently under preparation, which will help establish a low carbon energy system, said Fatima Yasmin, secretary to the Economic Relations Division.

Source: bd News24 June 30, 2022 05:20 UTC