The additional financing to the Second Rural Electrification and Renewable Energy 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, Xinhua news agency quoted the bank as saying on Wednesday.
These interventions will help the country reduce carbon emissions, said the bank.
"We are proud to be helping Bangladesh increase access to clean electricity 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, World Bank Country Director for Bangladesh, Bhutan and Nepal.
The project has already built 10 solar mini-grids in remote areas, including islands and shoals to provide grid-quality electricity.
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.)