• Saturday, Oct 24, 2020
  • Last Update : 12:31 pm

Loan deal signed with AFD to support DPDC

  • Published at 10:12 pm October 30th, 2019
web-AFD and DPDC
Top AFD and DPDC officials exchange agreement documents in Dhaka on Wednesday, October 30, 2019 Courtesy

It is a parallel co-financing with the Asian Development Bank under Power Efficiency Program, according to the French Embassy in Dhaka

The government on Wednesday signed a 30-million Euro (MEUR) loan agreement with Agence Francaise de Developpement (AFD) related to the additional financing of the power supply expansion and efficiency improvement investment program implemented by Dhaka Power Distribution Company (DPDC).  

This is an extension of the initial 100 MEUR financing provided to the DPDC to construct and modernize 14 electrical substations and the associated power lines for distribution network, said a press release.

French Ambassador to Bangladesh Jean-Marin Schuh and Regional Director for South Asia Jacky Amprou signed the credit facility agreement on behalf of the AFD while Economic Relations Division (ERD) Secretary Monowar Ahmad represented the government at the signing ceremony held at the ERD premises.

It is a parallel co-financing with the Asian Development Bank under Power Efficiency Program, according to the French Embassy in Dhaka.

This additional financing will cover extra costs related to the purchase and commissioning of new equipment and the increased cost of raw materials.

The project as a whole will improve the quality of energy distribution for 241,000 households or 1.1 million people.

Access to good-quality electrical energy will have a major positive impact on living conditions, education and health.

The upgrading of the electrical network will allow DPDC to provide energy with a lower emission factor and will reduce the carbon footprint of the diesel generators.

63
60
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail