Bangladesh: Power System Upgrade and Expansion Project (AIIB-000088)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Specific Location
Chittagong region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Bangladesh
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 120.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 176.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Jan 7, 2019

Disclosed by Bank Dec 21, 2018


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Project Description

The objective is to upgrade and expand the power transmission system in the Chittagong region to ensure adequate and reliable power supply in the southeastern region of Bangladesh.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Co-financing:
Government US$ 46.39 million
PGCB US$ 10.21 million

Contact Information

Borrower:
Bibi Karimun Nessa
Economic Resource Division
Government of Bangladesh
Sher-E-Bangla Nagar, Dhaka-1207
Tel. No.: +88029140891
Email: suborna1@gmail.com

PGCB:
Mr. Pranab Kumar Roy,
Chief Engineer
Planning and Development
Power Grid Company of Bangladesh
Tel. No.:+88029567012
Email: manmis.pgcb@gmail.com

AIIB:
Mr. Hongliang Yang
Project Team Leader/Senior Investment Operations Specialist
Asian Infrastructure Investment Bank
Email: hyang@aiib.org


ACCOUNTABILITY MECHANISM OF AIIB

In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.