The Government of
The credit for the additional financing to the Bangladesh Rural Electrification and Renewable Energy Development II (RERED II) Project is from the
Implemented as a public-private partnership, the SHS program is currently installing over 70,000 solar home systems every month, making it the fastest growing SHS program in the world. In
"Together, the Government of
Currently, only 42% of the people in rural
Building on the successful implementation of the predecessor RERED project approved in 2002, the RERED II project has so far provided clean energy access to over 414,000 households benefiting over 2 million people through installation of solar home systems in remote villages. Over 1,450 biogas plants and 40 solar irrigation pumps have already been supported under the project.
"This repeater project is building up on our efforts to support the government's vision of providing universal access to electricity," said
The project has also started dissemination of improved cook stoves with a target to provide clean cooking solutions to over 1 million rural households. Access to clean cooking benefits women and children in particular, reducing respiratory diseases.
Khan and Kimes signed on behalf of the Government of
The IDA credit has 40 years to maturity, including a 10-year grace period; and carries a service charge of 0.75 percent.
TNS 18EstebanLiz-140701-30FurigayJane-4783258 30FurigayJane
Most Popular Stories
- Americans Still Pessimistic Despite Economic Growth
- Illinois Issues Fracking Rules
- Detroit Muslim Conference Stirs Controversy
- Echeveste Steps Down, Perez Steps Up at VPE
- Clippers Deal Started With 2 Numbers
- Startups Offer Smartphone Banking Apps
- 'Longmire' Cancelled, Looks for New Network
- Hip-Hop Takes Up Ferguson Cause
- Canada, Russia Go to War (on Twitter)
- Immigration Delay Throws Both Parties a Curve