14 April 2018

World Bank Approves $55mn for Bangladesh Project

World Bank Approves $55mn for Bangladesh Project

The World Bank has approved $55mn to expand the use of clean renewable energy in rural areas of Bangladesh where grid electricity cannot reach easily. 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 4mn improved cooking stoves in rural areas.

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

Source- DD News

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • President of the World Bank- Jim Yong Kim.
  • Headquarters of World Bank: Washington, DC.

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