The French Development Agency AFD has agreed to provide 100 million euros in loan to Bangladesh for the digitalisation of the country’s power and energy sector.

The deal aims to reinforce France’s role as an “active participant in the search for and use of advanced digital solutions in power and energy sector in Bangladesh”, the French embassy said in a statement on Thursday.

The support comes via AFD’s concessional sovereign loan and will go towards financing projects titled Construction and Augmentation of Substation and Installation of the Capacitor Bank in Power System under DPDC.

https://bdnews24.com/economy/2020/12/11/france-to-support-digitalisation-of-bangladeshs-power-sector-with-100m-credit