SASEC Second Bangladesh-India Electrical Grid Interconnection Project (ADB-44192-016)

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
Active
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.
Voting Date
Sep 29, 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
  • 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)
$ 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.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Sep 19, 2016


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Project Description
The Second Bangladesh India Electrical Grid Interconnection Project, as part of the South Asia Subregional Economic Cooperation (SASEC) Program, will help upgrade the power transmission capacity of the existing grid interconnection between Bangladesh and India from 500 megawatts to 1,000 megawatts. The power grid of western Bangladesh at Bheramara and the power grid of eastern India at Baharampur were first successfully interconnected in 2013 through the first Bangladesh India Electrical Grid Interconnection Project.
Investment Description
  • Asian Development Bank (ADB)
Loan 3298-BAN: SASEC Second Bangladesh India Electrical Grid Interconnection Project Ordinary capital resources US$ 35.00 million Loan 3299-BAN: SASEC Second Bangladesh India Electrical Grid Interconnection Project Concessional ordinary capital resources / Asian Development Fund US$ 85.00 million
Contact Information
Executing Agencies 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