AFD signs Grant Agreement for first ever smart grid project in Bangladesh
The EUR 12 million agreement was signed between AFD and the Government of Bangladesh with goal of supporting advanced digital solutions in the power and energy sector in Bangladesh. This agreement is part of a larger multi donor project involving the joint commitment of AFD and the European Union (EU), for a total investment of EUR 112 million.
Over the next five years, this project is expected to benefit 1 41 000 people by providing them with an improved quality of electricity service. It will also prevent an accumulated 104,000 tons of CO2 emissions per year, thereby contributing to Bangladesh’s climate goals.