Monday, 02 Dec, 2024

Business

IFC to finance $1 bln in power sector

Senior Correspondent |
Update: 2013-10-23 06:11:42
IFC to finance $1 bln in power sector

DHAKA: International Finance Corporation (IFC) expressed its keen interest to invest in Bangladesh with a view to developing power sector of the country.

The international finance organization will finance $1 billion in this regard.

Tawfiq-e-Elahi Chowdhury, energy advisor to Prime Minister Sheikh Hasina, came up with the disclosure on Wednesday noon after a meeting with the IFC delegation.

The energy adviser said the international leasing body likely to fund in four projects.

One of the key projects is the regional power trade. Under the project, a regional grid and supply line among India-Bangladesh-Nepal and Bhutan would be constructed with fund of IFC, he added.

BDST: 1609 HRS, OCT 23, 2013
MJM/RS/MMA/GCP [email protected]

All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.