Dhaka, Sunday, May 19, 2019 02:45 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
China-led AIIB approves $60 mln to finance Bangladesh gas project

The Beijing-based Asian Infrastructure Investment Bank (AIIB) will provide Bangladesh loans worth $60 million to address the country`s gas supply deficit, the AIIB said on Tuesday.

The fund will be used to help Bangladesh`s Natural Gas Infrastructure and Efficiency Improvement Project, as the lack of gas supply would "eventually impact Bangladesh`s energy security and constrain the nation`s economic growth", the AIIB said in a press release.

The project is co-financed by the Asian Development Bank (ADB), which approved a $167 million loan in November to boost Bangladesh`s natural gas production and expand transmission infrastructure.

The AIIB said on Tuesday it had also approved loans of $125 million and $100 million for Indonesia`s dam improvement project and a regional infrastructure development fund project, respectively, following prior announcements from co-financing partner World Bank to match the funding.

"Currently available financing instruments in Indonesia are limited and ill-fit for the nature and scale of the required urban and local municipal infrastructure investment," the AIIB said.

Print PDF

   You may also like

Category: Gas
LNG boosts daily gas supply to 3,200 mmcf

Category: Gas
Proposals to hike gas prices: Public hearing ends; Berc to take ‘judicious’ decision

Category: Gas
Petrobangla signs MoU with Dhaka University’s Geology department

Category: Gas
Public hearing on gas price hike starts March 11

Category: Gas
LNG boosts Ctg factories, power plants

Category: Gas
Govt seeks developers for its first onshore LNG terminal

Category: Gas
Titas fails deadline with around two-thirds work impending

Category: Gas
Summit’s LNG terminal likely to start commercial operation by March

Category: Gas
Bakhrabad Gas Company earns Tk 217.86 lakh in profit
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Gas Stories
LNG boosts daily gas supply to 3,200 mmcf
Proposals to hike gas prices: Public hearing ends; Berc to take ‘judicious’ decision
Petrobangla signs MoU with Dhaka University’s Geology department
Public hearing on gas price hike starts March 11
LNG boosts Ctg factories, power plants
Govt seeks developers for its first onshore LNG terminal
Titas fails deadline with around two-thirds work impending
Summit’s LNG terminal likely to start commercial operation by March
Bakhrabad Gas Company earns Tk 217.86 lakh in profit
Govt scraps new floating LNG projects for land-based ones


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy