The World Bank will provide USD 257 million loan to support Bangladesh’s power sector to overcome its nagging electricity shortages, the Bank has said. “Inadequate power supply costs Bangladesh as much as two percent in GDP growth each year,” said Ellen Goldstein, country director of the World Bank in Bangladesh. “We are supporting the government of Bangladesh for reliable power generation to boost growth,” she said. Through public-private partnerships (PPP), independent power providers have increased generation by 178 megawatts in recent years. The World Bank also supported government’s USD 321 million rural electrification and renewable energy development project. A bank official said it had contributed to connecting 630,000 rural homes to the national electricity grid and provided about 320,000 remote households with solar home systems. The project has also connected another 270,000 households in remote rural areas through solar home systems. (Reuters)

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