World Bank to help 1.1 million rural people in Bangladesh to access clean energy

he World Bank has signed a $15 million grant agreement with Bangladesh to increase access to clean energy for targeted rural areas through output-based aid (OBA) subsidies.

The grant is expected to benefit 1.1 million people living in poor, remote areas of Bangladesh currently lacking electricity from the power grid, a statement from the bank said on Saturday.

The project will make clean energy affordable to low-income households without using the grid by bringing down the cost of 225,000 solar home systems and 2,500 mini-grid connections. Read More…