Bangladesh will receive US$ 600 million as concessional financing from the World Bank to improve the quality of electricity supply in the rural areas in the eastern part of the country.

The World Bank Board has approved $ 600 million for Bangladesh to improve the country’s “quality” of power supply in rural areas, reports bdnews24.com.

The Board of the World Bank (WB) is likely to approve a mega power transmission and distribution project of Bangladesh with an estimation cost of $580 million, aiming to reduce power system loss b

The Government has decided to set up two special purpose vehicles (SPVs), headed by ONGC and Indian Oil Corporation (IOC), to set up renewable projects.

The remotest village of Chitwan district inhabited by Chepangs, a marginalized community is becoming well equipped with solar panels in each homes.

It will cover southern, western districts

The Rs.1,593-crore Green Energy Corridors project of the Tamil Nadu Transmission Corporation (TANTRANSCO) will be the State’s first power project to be funded by the KfW, a German development bank.