Power System Expansion and Efficiency Improvement Investment Program - Tranche 2 (ADB-42378-016)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
Specific Location
Dhaka
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 Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
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.
Voting Date
Dec 11, 2013
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Dhaka Electric Supply Company Ltd. (DESCO)
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Infrastructure
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)
$ 310.00 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)
$ 530.00 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 @ ADB website

Updated in EWS Sep 15, 2017

Disclosed by Bank Mar 23, 2017


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Project Description
The project funds power sector investments in generation, transmission and distribution systems to improve efficiency and add capacity.
Investment Description
  • Asian Development Bank (ADB)
The financing for this project is divided as follows: ADB: US$ 310 million Islamic Development Bank: US$ 220 million Agence Francaise de Developpement: US$ 125 million
Contact Information
Dhaka Electric Supply Company Ltd. (DESCO) MDDESCO@BDCOM.COM Biddut Bhaban, 1 Abdul Gani Road Dhaka 1000, Bangladesh Dhaka Power Distribution Company Ltd. (DPDC) SCADA Bhaban (2nd Floor) Kataban, Sonargaon Road Dhaka 1000 Power Grid Company of Bangladesh, Ltd. (PGCB) PGCB@CITECHCO.NET;_WEBSITE:WWW.PGCB.ORG IEB Bhaban (4th Floor) Ramna,Dhaka, Bangladesh ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main