Bangladesh: Power Sector Development Program

Sovereign Project | 36205-023

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Project Name Power Sector Development Program
Project Number 36205-023
Country Bangladesh
Project Status Closed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan 2038-BAN: Power Sector Development Program
Ordinary capital resources US$ 100.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Energy - Electricity transmission and distribution

Gender Equity and Mainstreaming No gender elements
Description The Program comprises support for restructuring the finances of PGCB and DESCO from inherited historical operations and through this action make them fully capable of accessing commercial capital markets for part of their future capital needs as necessary development towards commercialization. Utilities cannot be financially self-sustaining without long-term bond markets. Currently, Bangladesh does not have any. Therefore by restructuring the balance sheet of PGCB, and asking them to raise funds through commercial bonds, the Program helps to develop a bond market inBangladesh.
Project Rationale and Linkage to Country/Regional Strategy
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Safeguard Categories
Environment B
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services None
Procurement The proceeds of the Policy Loan will finance the foreign exchange costs (excluding local taxes and duties) of items, produced in and procured from ADB's member countries, other than those specified in the negative list at Appendix 8 and imports financed by other bilateral and multilateral sources.
Responsible ADB Officer Mats Elerud
Responsible ADB Department South Asia Department
Responsible ADB Division Energy Division, SARD
Executing Agencies
Ministry of Energy and Mineral Resources
Secretary, Power Division
Bhaban 6, Room 113 Bangladesh Secretariat Dhaka, Bangladesh
Ministry of Finance
Economic Relations Division (ERD), MOF
Sher-e-Bangla Nagar, Dhaka_1207
Concept Clearance 02 Mar 2003
Fact Finding 16 Mar 2003 to 27 Mar 2003
MRM 21 May 2003
Approval 10 Dec 2003
Last Review Mission -
Last PDS Update 06 Feb 2007

Loan 2038-BAN

Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 100.00 Cumulative Contract Awards
ADB 100.00 - 0.00 0.00 %
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 - 0.00 0.00 %
Title Document Type Document Date
Bangladesh: Power Sector Development Program Progress Reports on Tranche Releases Nov 2005
Power Sector Development Program Reports and Recommendations of the President Nov 2003

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.

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