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World Bank signs agreement to finance Siddhirganj power project

  • 10 years ago (2015-12-28)
  • David Flin
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The Bangladesh Government has signed a $177 million additional financing agreement with the World Bank to complete the ongoing construction of a 335 MW combined cycle power plant at Siddhirganj, near Dhaka, Bangladesh. The World Bank said that the plant, scheduled to start commercial operation in 2016, will account for 6 per cent of the total electricity delivered to the national grid.

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The additional financing will fill the financing gap for constructing the power plant. Iffath Sharif, Acting Country Director for Bangladesh for the World Bank, said: “This financing will contribute to the World Bank’s current support to the energy sector, raising it to over $1.5 billion.”