You might also be interested in:

DNV GL rolls out remote surveys for all vessels

Høvik, Norway (ots) - Leading classification society DNV GL announced today that all DNV GL classed vessels are ...

Automotive C-V2X ready to roll out globally, says 5GAA at this year's MWC Barcelona

Barcelona (ots) - During today's well attended keynote, 'Connecting the Mobility World with 5G', the 5G ...

Media-Service EUrVOTE: New theme package - "Digital Change and Innovation"

Brüssel (ots) - What advantages does the internal digital market have to offer to companies in the European ...

All Releases
Subscribe to KfW

03.05.2016 – 16:16


Reliable energy supply for Bangladesh: KfW finances power grid improvements and the continued electrification of the country

Frankfurt am Main (ots)

   - EUR 140 million to finance power transmission networks and 
   - Overcoming the energy bottlenecks - requirement for sustainable 
     economic growth
   - Important contribution towards energy efficiency and climate 
   - Highest loan ever issued to Bangladesh 

As part of the 49th annual conference of the Asian Development Bank (ADB) in Frankfurt am Main, KfW on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ) signed a loan agreement for EUR 137.5 million (plus a grant of EUR 2 million from the budget funds for investment-related technical support). This is the highest KfW low-interest loan that has ever been approved for an individual project in Bangladesh.

It will be used to finance the construction of up to eleven substations including connection to the grid, as well as the construction and reinforcement of more than 200 km of power transmission lines across the entire country. These priority investments will strengthen the capacity and efficiency of the Bangladeshi power transmission grid. They contribute towards energy-saving operations and overcoming the energy bottlenecks. They also contribute significantly towards enhancing the climate and environmental compatibility of the Bangladeshi energy sector.

"Economic sustainable growth is supported by a reliable and efficient energy supply as well as the planned complete electrification of Bangladesh by 2021, contributing considerably towards improving the living and working conditions of the population. Supplying clean energy benefits companies, private households and public organisations," says Dr Norbert Kloppenburg, Member of the Executive Board of KfW Group.

In 2014 already, KfW issued both a loan and a grant to Bangladesh totaling EUR 60 million to finance power transmission lines. Other donors such as the Asian Development Bank are financing complementary system components including the expansion of the transmission station to the Indian grid.

Further information on KfW Development Bank is available at


KfW, Palmengartenstr. 5 - 9, 60325 Frankfurt
Kommunikation (KOM), Dr. Charis Pöthig,
Tel. +49 (0)69 7431 4683, Fax: +49 (0)69 7431 3266,
E-Mail:, Internet:

Original content of: KfW, transmitted by news aktuell

All Releases
Subscribe to KfW
  • Printable version
  • PDF version

Places in this release

Topics in this relase