** Arab countries must supply weapons to Palestinians so that they can defend themselves against Israel's brutalities ** It means to clinging to power thru elections under partisan govt: Civil society ** After JNU, students of Tata Institute watch banned BBC documentary on PM Modi despite warnings ** Country on way of fully vaccinated ** Walkways are being constructed on both sides of the canal of the Dhaka-Narayanganj-Dhaka (DND) dam at Siddhirganj of Narayanganj as the authorities took a project to develop the dam like Hatirjheel Lake in the capital. NN photo ** ‘Fierce’ battle raging in Ukraine for control of Vuhledar ** BNP asks govt to resign without delay ** FM likely to visit New Delhi March 1-2 ** Islami Jubo Khelafat Bangladesh stages a demonstration in front of Baitul Mukarram National Mosque in the capital on Friday to protest the burning of the Holy Quran in Sweden and the Israeli aggression against Palestinian Muslims. ** Shoppers in thousands throng the Dhaka International Trade Fair (DITF) at newly inaugurated Bangabandhu Bangladesh-China Friendship Exhibition Centre at Purbachal on Friday. ** 18 years of Kibria murder Trial deferred repeatedly due to lack of witnesses ** Gas supply shortage hits households, industries ** Production remains halted in 8 Ctg power plants ** Israeli violence BD condemns killing of ten Palestinians ** HC-order to ban single-use plastic items ** 532 students commit suicide in 2022 ** ‘Work of Rooppur Nuclear Power Plant will not be stopped’ ** Protests against Quran burning held across Middle East ** More delay in change will lead to more miseries for people ** Chaos between bench and bar ** Workers busy preparing stalls for the month-long Amar Ekushey Boi Mela, which is scheduled to begin on the Bangla Academy premises and part of Suhrawardy Udyan in the capital from February 1. NN photo ** USAID announces additional $75m assistance for Rohingyas ** Sugar price rises by Tk 5 per kg ** Germany, US, to send battle tanks to help Ukraine fight off Russia ** Israel army kills nine Palestinians **

$600mn WB funds for rural power

02 March 2014

Business Desk :
The World Bank Board has approved $ 600 million for Bangladesh to improve the country's "quality" of power supply in rural areas.
The funds would be used in the Rural Electricity Transmission and Distribution Project "to reduce system losses and enhance capacity" in the electricity network, the global lender said in a media release on Friday.
Only 42 percent of the rural Bangladesh currently has access to electricity, according to the World Bank.
It said the funds would support new lines and substations as well as upgrade existing lines in the rural areas of Dhaka, Chittagong and Sylhet divisions.
The credit from the International Development Association (IDA), the Bank's concessionary arm, would carry a service charge of 0.75 percent and would have 40 years to maturity with a 10-year grace period.
The Bank said the project would reduce technical losses in the rural grid electricity system and would help to ensure that "a greater percentage of electricity generated is reached to rural consumers".
It said Bangladesh's rural electrification programme had been globally recognised as "one of the most successful programs in the world".
But the distribution and transmission system have not kept pace with programme's rapid expansion in recent years.

Add Rate