Bangladesh will get a $465 million loan from the Asian Development Bank (ADB) to finance two new power plants to ease chronic electricity shortages that have sparked violent protests and hurt the country's economy. "The ADB approved on Tuesday the loan proposal at its board meeting in Manila," an ADB official told Reuters on Tuesday.
Bangladesh will build two power generation plants, with 150-megawatt (MW) capacity each, as well as three power transmission and six distribution lines with the help of the ADB loan, a government official said.
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