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    Home > Chemicals Industry > International Chemical > The World Bank supports $55 million in renewable energy use in Bangladesh

    The World Bank supports $55 million in renewable energy use in Bangladesh

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    This week, the World Bank announced a series of financing deals to help Bangladesh increase its use of renewable energy in the grid and rural areas
    .

    The World Bank supports $55 million in renewable energy use in Bangladesh

    The World Bank has approved an additional $55 million
    for the second Rural Electrification and Renewable Energy Development (RERED II) project.
    The money will be used to install 1,000 solar-powered irrigation pumps, 30 solar-powered mini-grids and about 4 million stoves
    to improve rural areas.

    According to the World Bank, the RERED II project is already building 10 solar mini-grids
    in remote areas.

    At the same time, the World Bank signed a $450 million financing agreement with the government of Bangladesh to improve the transmission network
    in the east.
    In addition, about 275,000 households and 16,000 agricultural consumers will have access to new electricity connections
    thanks to financing.

    The World Bank notes that the project will build 13 new substations, which will also help integrate renewable energy into the grid
    .

    This week, the World Bank announced a series of financing deals to help Bangladesh increase its use of renewable energy in the grid and rural areas
    .

    renewable energy

    The World Bank supports $55 million in renewable energy use in Bangladesh

    The World Bank supports $55 million in renewable energy use in Bangladesh

    The World Bank has approved an additional $55 million
    for the second Rural Electrification and Renewable Energy Development (RERED II) project.
    The money will be used to install 1,000 solar-powered irrigation pumps, 30 solar-powered mini-grids and about 4 million stoves
    to improve rural areas.

    According to the World Bank, the RERED II project is already building 10 solar mini-grids
    in remote areas.

    At the same time, the World Bank signed a $450 million financing agreement with the government of Bangladesh to improve the transmission network
    in the east.
    In addition, about 275,000 households and 16,000 agricultural consumers will have access to new electricity connections
    thanks to financing.

    The World Bank notes that the project will build 13 new substations, which will also help integrate renewable energy into the grid
    .

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