ADB approves $500M loan for Bangladesh power plant

Bangladesh: The Asian Development Bank (ADB) has approved a $500 million loan for the development of an 800 MW power plant in Khulna, Bangladesh along with the associated power transmission facilities.

Tanzania receives $455M for transmission infrastructure

The World Bank has approved a $455 million credit for the construction of critical high-voltage transmission infrastructure in Tanzania that will support electrification of the southern and northwestern regions of the country.

Cameroon secures $1.2B funding for 420 MW hydroelectric project

Cameroon: French electricity producer EDF and the World Bank will assist the government of Cameroon in West Africa to fund a $1.2 billion hydroelectric project, which is said to provide power for up to a third of the country’s electricity needs.

$500M loan approved for $1.45B electrification program in Sumatra

Indonesia, Jakarta: Indonesia’s state-run utility PLN will receive a $500 million loan from the World Bank aimed to support implementation of the electrification program which will bring electricity to parts of Sumatra which are yet to be connected to the national grid.

World Bank approves $400M for Myanmar’s electrification plan

USA, Washington D.C.: The World Bank has approved a $400 million interest-free credit from the International Development Association (IDA) to provide financing and technical assistance for Myanmar’s National Electrification Plan (NEP).