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World Bank approves $55mn for Bangladesh project

IANS  |  Dhaka 

The has approved $55 million to expand the use of clean renewable in rural areas of where cannot reach easily.

The additional financing to the Second Rural Electrification and Renewable Development (RERED II) Project will install 1,000 solar irrigation pumps, 30 solar mini-grids and about 4 million improved cooking stoves in rural areas, quoted the as saying on Wednesday.

The project, including the additional financing, will enable about 10 million people living in villages, shoals and islands to access and use efficient cooking stoves.

These interventions will help the country reduce carbon emissions, said the

"We are proud to be helping increase access to clean through solar power. Today, the country has one of the world's largest domestic solar power programmes, covering 14 per cent of the population," said Qimiao Fan, Country for Bangladesh, and

"Building on its success in using to provide electricity in rural areas, this financing will also scale up other clean options," said Fan.

The project has already built 10 solar mini-grids in remote areas, including islands and shoals to provide

This additional financing will help construct another 30 solar mini-grids. These will provide about 28,000 connections to households and businesses, including small and medium-sized enterprises.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 18:44 IST