Power System Expansion and Efficiency Improvement Investment Program - Tranche 3 (ADB-42378-017)

Countries
  • Bangladesh
Where the impacts of the investment may be experienced.
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
Approved
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 8, 2015
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
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)
$ 205.00 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.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Sep 7, 2016


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Project Description
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.
Investment Description
  • Asian Development Bank (ADB)
According to bank documents, this project is co-financed by the Islamic Development Bank: Islamic Development Bank US$ 220.00 million
Contact Information
Executing Agencies Ashuganj Power Station Company Ltd. (APSCL) PD450NORTH@APSCL.COM Ashuganj, B-Baria 3402, Bangladesh 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) 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