Guangzhou International Economic & Technical Cooperation Company (GIETC) provides $60 million suppliers credit for the Expansion and Rehabilitation of 132 KV 33 KV Transmission Line under Phase IV of the Greater Dhaka Electricity Distribution Project

Project narrative

In 2001, the Government of Bangladesh received supplier's credit worth $60 million from Guangzhou International Economic & Technical Cooperation Company (GIETC) for the Expansion and Rehabilitation of 132 KV 33 KV Transmission Line under Phase IV of the Greater Dhaka Electricity Distribution Project. The supplier's credit agreement was reportedly finalized on June 30, 2001. The Government of Bangladesh provided a sovereign guarantee for the supplier's credit on June 17, 2001. The purpose of this project was to construct a nine kilometer 132 KV power supply line, a nine kilometer 132 KV underground cable, a 17 kilometer 33 KV overhead line, a 33 kilometer 33 KV underground cable, and install three 132/33 KV substations with a capacity of 450 MVA. Additionally, through the project, 268 switching stations (11 KV), 82 panels ( 11 KV), a 437.25 kilometer 11 KV underground and aerial cable with necessary accessories, and 1500 pole-mounted sub-stations were to be installed by GIETC. The expected completion date of the project was June 30, 2003. Xinjiang TBEA and Dhaka Power Distribution Company of Bangladesh, signed a contract for the Dhaka smart grid and upgrade project, which exceeded 11.1 billion yuan. This may be an extension of the project signed in 2001.