The support comes via AFD’s concessional sovereign loan and will go towards financing projects titled Construction and Augmentation of Substation and Installation of the Capacitor Bank in Power System under DPDC. 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 10, 2020 22:07 UTC