Bangladesh power sector gets WB support

The World Bank has extended support to Bangladesh in addressing its power shortages.

The World Bank has allocated a $ 5 million technical assistance support under the recently approved Rural Electrification and Renewable Energy (RERED)-II project to complete the unfinished components.

The global lender through a Power Sector Development Technical Assistance (PSDTA) Project will help strengthen the Ministry of Power, Energy and Mineral Resources, power and gas service providers and the Bangladesh Energy Regulatory Commission (BERC).

The project has contributed to improvements in power sector policies and institutional capacity within the Power Cell, the power and gas utilities, and the BERC.

The BERC also has strengthened capability on licensing, tariff setting and other regulatory issues due to technical support from the project.

Prior to project closing on December 31, 2012, a WB team and the government reviewed the progress of the project and found a few critical contracts yet to be completed.

The WB has also started preparation of an implementation completion and results report (ICR) to provide a full assessment of the implementation performance of PSDTA, reflecting project results and the lessons learnt.

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