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Germany Intends to Invest 1.03 Billion to Upgrade the Power Transmission System in Bangladesh

Number of visits: Date:5/13/2016 05:41:20

Germany would provide Bangladesh with 139.5 million euros (about 1.03 billion yuan) loans and grants to upgrade the transmission system in Bangladesh.

In May 4th, Bangladesh and KfW signed two agreements in Germany to support Bangladesh's transmission system upgrade.

German Ambassador to Bangladesh, said Bangladesh Economic Relations Department Senior Secretary Mohammad Mejbahuddin and South Asia Regional Director of KfW, Claudia Arce, signed the agreement. Bangladesh Economy Minister AMA Muhith and the German Ministry for Economic Cooperation and Development Parliamentary Secretary Hans-Joachim Fuchtel attended the signing ceremony.

Funds provided by Germany, included a 137.5 million euros (about 1.02 billion yuan) preferential loan and 2 million euros (about 010 million yuan) of funding.

According to the announcement, this was the largest single project for the German government in Bangladesh to provide financial support. Project would give priority to the expansion of existing systems, and the construction of new transmission lines and substations.

Upgrading project aims to improve the reliability and efficiency of the national grid by improving the transmission system of 230 kV and 132 kV.

After signing the agreement, both sides said the two countries already existing friendly relations future would reach new heights. Germany had a long history in support of the energy sector in Bangladesh, since the beginning of July 1972, the two countries has begin to cooperate and Germany has provided strategic assistance for socio-economic development of Bangladesh.

Over the past 6 years, the power generation capacity and the actual power generation in Bangladesh has doubled, but its transmission system is still a problem.

TypeInfo: Industry news

Keywords for the information:jiapu cable  power cable  special cable  control cable