The French Development Agency AFD has agreed to provide 100 million euros in loan to Bangladesh for the digitalisation of the country’s power and energy sector. Fatima Yasmin, economic relations secretary, and Benoit Chassatte, AFD country director for Bangladesh, signed the credit facility agreement. Moreover, by integrating digital technology in the projects, France speeds up the adoption of renewable energies, and thus contribute towards achieving Bangladesh’s Sustainable Development Goals or SDGs. The additional 12 million euros grant will support piloting the smart grid project in five substations in Dhaka. The smart grid gives shape to this transformation by making the grid more effective and efficient.

Source: bd News24 December 11, 2020 07:07 UTC