POWERGRID

The company has informed that Ashuganj-Serajganj-Bogra-Barapukuria 230 KV Transmission line constructed by Power Grid Co. of Bangladesh Ltd. under West Zone Power System Development Project has been energized on 31.12.08. The company has also informed that: (a) Total cost of the project: For erection of Transmission line and Sub-stations: USD 41.27 million + Euro 19.00 million + SEK 62.19 million + JPY 139.20 million + Taka 1320.00 million. (b) Sources of Financing of the Project: i) Government of Bangladesh (GOB); ii) Asian Development Bank (ADB); iii) KfW Germany; iv) Suppliers Credit; v) Sweden International Development Agency (SIDA); vi) Nordic Development Fund (NDF). However, the company did not inform about the expected profitability from above project.