According to bank documents, "the Asian Development Bank is working with Bangladesh to boost the country’s power supply. The project is working to reform and strengthen the power sector, using both public and private sector financing, to build and improve power plants, and expand power distribution lines."
This funding for Tranche 3 will cover investments in generation system expansion and efficiency improvement, transmission system enhancement, and demand side energy efficiency improvement. Tranche 3 is specifically focused on enhancement of generation and transmission capacity.
According to bank documents, this project is co-financed by the Islamic Development Bank:
Islamic Development Bank US$ 220.00 million
Ashuganj Power Station Company Ltd. (APSCL)
Bangladesh Rural Electrification Board (BREB)
Directorate of Procurement
Head Office Bldg.-7th Flr, Zoar Sahara,
Khilkhet, Dhaka-1229, Bangladesh
Power Grid Company of Bangladesh, Ltd. (PGCB)
IEB Bhaban (4th Floor)
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