| CREDIT AMOUNT: IDA—US$190.98 million equivalent
TERMS:Â Grace period = 10 years; Maturity = 40 years
GRANT AMOUNT: GEF—US$8.20 million equivalent
PROJECT DESCRIPTION:  This project will support Bangladesh’s efforts to raise levels of social development and economic growth by increasing access to electricity in rural areas, where 85 percent of the country’s nearly 63 million poor people live. It will (a) assist the Rural Electrification Board to expand the reach, capacity and reliability of rural grids; (b) promote the use of solar home systems in remote rural areas; (c) facilitate development of small power projects, using renewable energy sources where feasible, to be owned and operated by the private sector or by NGOs/community-based organizations; and (d) support initiatives in rural areas for productive use of electricity to increase household income and improve delivery of such social services as health and education. For more information, please call Dale Lautenbach at (202) 473.3405, fax at 522.0321, or email Dlautenbach@worldbank.org.Â
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