Dhaka: The World Bank has approved $185 million credit to add 310 Megawatt (MW) renewable energy generation capacity in Bangladesh and mobilise private sector participation to meet the growing demand for electricity in the country.
The scaling up of renewable energy project will increase installed capacity of renewables through piloting and expanding investments in key market segments, the Washington-based lender said in a statement, here on Saturday. The credit facility will be used to build the first 50 MW phase of a large scale solar panel energy park in the Feni district. It will be implemented by the Electricity Generation Company of Bangladesh, according to the statement cited by Xinhua news agency. (IANS)
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