ADB pledges $120 million loan to finance India, Bangladesh electricity link
The Asian Development Bank on November 2015 pledged 120 million dollar loan to finance increased transmission capacity of cross-border electricity link between Bangladesh and India.
ADB Country Director Kazuhiko Higuchi and Senior Secretary of Bangladesh Finance Ministry Mohammad Mejbahuddin signed the loan agreement for the SACEC Second Bangladesh-India Grid Inter connectivity project.
The interconnection project is part of efforts under the South Asia Sub-regional Economic Co-operation (SASEC) Programme to promote regional prosperity through improved cross-border links in trade, power, road and rail links.
The project will double the capacity of the existing inter-connectivity link connecting power grid of western Bangladesh at Bheramara and the grid of eastern India at Bahrampur from 500 MW to 1000 MW. The networks were first connected in 2013 under a previous project financed by ADB.