It will prevent an accumulated 104,000 tons of CO2 emissions every year
As we move towards middle-income status as a nation and our economy expands and diversifies to incorporate a broad range of industries, we will undoubtedly require more advanced technologies to cope with their increasing demands, especially when it comes to power and energy.
In this regard, the government’s most recent signing of a financing agreement with the French Development Agency (AFD) is welcome and, in fact, necessary in order to incorporate more effective and efficient digital solutions in our power and energy sectors.
With the growth of business, industry, and economy, and the subsequent rise in standards of living and the ever-increasing use of digital goods and services in our day to day lives, a more robust power sector will the need of the hour.
The grant, worth around 12 million euros, is part of a larger project that will see the first ever smart grid project in Bangladesh and will be implemented over the course of the next five years, positively impacting over 1 million people with significant improvements in the quality of electricity service they receive.
Perhaps most significantly, it will prevent an accumulated 104,000 tons of CO2 emissions every year, further cementing our place as a nation which leads the fight against climate change.
Such projects are the key to our sustainable development in the future as newer and more evolved industries require better and more reliable infrastructure on which to function effectively and competitively in an increasingly globalized market.