Projects review

Abu Dhabi delegation visits Dhaka

Abu Dhabi Fund for Development (ADFD) dispatched a delegation to Bangladesh to review and study the current status of its two funded projects – the Sikalbaha Power Station and the South Asia Subregional Economic Cooperation (SASEC) Road Connectivity Project (SASEC), says a press release.

Having toured the Sikalbaha Power Station, the delegation confirmed that 90 per cent of works have been completed. In 2011, ADFD allocated a concessionary loan worth AED115 million to finance the project that aims to strengthen and stabilise the national grid, and meet Dhaka’s energy needs. Moreover, the funding contributed to the construction of new 225-megawatt generators.
With the construction works ahead of schedule, the power plant is expected to open by end-2017. Phase One – an open-cycle gas turbine generator – has already been completed and is capable of producing up to 150 megawatts of electricity.
The second leg of the trip comprised a visit to the SASEC Road Connectivity Project. In 2013, ADFD committed an AED110 million concessionary loan to finance the project. Road developments and transportation infrastructure works have been underway since March 2016 and are now 22 percent complete. All project work has been carried out in accordance with pre-set agreements and timelines between ADFD and the Bangladeshi government.

Projects review

Abu Dhabi delegation visits Dhaka

Abu Dhabi Fund for Development (ADFD) dispatched a delegation to Bangladesh to review and study the current status of its two funded projects the Sikalbaha Power Station and the South Asia Subregional Economic Cooperation (SASEC) Road Connectivity Project (SASEC), says a press release. Having toured the Sikalbaha Power Station, the delegation confirmed that 90 per cent of works have been completed. In 2011, ADFD allocated a concessionary loan worth AED115 million to finance the project that aims to strengthen and stabilise the national grid, and meet Dhakas energy needs. Moreover, the funding contributed to the construction of new 225-megawatt generators. With the construction works ahead of schedule, the power plant is expected to open by end-2017. Phase One an open-cycle gas turbine generator has already been completed and is capable of producing up to 150 megawatts of electricity. The second leg of the trip comprised a visit to the SASEC Road Connectivity Project. In 2013, ADFD committed an AED110 million concessionary loan to finance the project. Road developments and transportation infrastructure works have been underway since March 2016 and are now 22 percent complete. All project work has been carried out in accordance with pre-set agreements and timelines between ADFD and the Bangladeshi government.