The World Bank (WB) has approved $560 million for two projects in the power and microenterprises sub-sectors. The projects will help make the supply of power more reliable and the microenterprises environmentally sustainable.
The $450 million Enhancement and Strengthening of Power Transmission Network in Eastern Region Project will expand the electricity transmission network in the eastern region, covering the greater Cumilla and Noakhali and part of the greater Chittagong, the WB said in a statement, issued from Washington recently.
It will provide new electricity connections to 275,000 households and 16,000 agricultural consumers and reduce the incidence of power interruptions, according to the statement.
"The project will expand the existing grid network by building 13 new substations and rehabilitating an existing one," the WB explained.
It will also construct 290 kilometer new and rehabilitate 157 km existing transmission lines, the statement added.
