World Bank signs agreement to finance Siddhirganj power project

• 9 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.

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.”