BD seeks WB loan for solar power
DHAKA: Bangladesh is seeking $90 million in soft loans from the World Bank to expand solar power supply to the rural areas, officials said on Wednesday.
The funds will be spent to install around 200,000 solar home systems across the country under a second phase of the project, one official said.
“The finance ministry has sent a formal proposal to the World Bank seeking a $90 million fund for installing solar power system in the remote areas,” the official with the ministry said.
The project will be implemented by a local agency, Infrastructure and Development Company Limited (IDCOL), other ministry officials said.
They said IDCOL had already set up 50,000 solar home systems by September 2005, three years ahead of schedule, with funds from the World Bank and some other agencies to help supply electricity to rural areas. reuters
Home |
Business
| 
RSS
| Archives
| Company Financials
| Contact Us
| Saturday, November 21, 2009
