AIIB Funded Power System Upgrade and Expansion Project Promotes Coal & Other Fossil Fuels

Hasan Mehedi | October 2019

Research Summary

AIIB has invested USD 405.00 million in four energy-related projects in Bangladesh. Power System Upgrade and Expansion Project (PSUEP) in Chattogram zone is one of the stand-alone projects to be implemented by Power Grid Company of Bangladesh (PGCB), a state-owned enterprise under Bangladesh Power Development Board (BPDB). The objective of the project is contrary. It intends to upgrade and expand the power transmission system in Chattogram zone to ensure adequate and reliable power supply. But the reality is 91% people of the zone has already covered under national grid. So, the project is obviously not for the communities in Chattogram. Rather there is a clear link between AIIB financed PSEUP and coal power plants surrounding Chattogram-Cox’s Bazar zone.

Mehedi H. (2019). AIIB Funded Power System Upgrade and Expansion Project Promotes Coal & Other Fossil Fuels Retrieved from https://www.researchgate.net/publication/338702089_AIIB_Funded_Power_System_Upgrade_and_Expansion_Project_Promotes_Coal_Other_Fossil_Fuels Accessed on 10 Feb 2021

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