World Bank approves US$300mil for Bangladesh gas distribution ops

FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Christo

DHAKA: The World Bank has approved US$300mil (RM1.36bil) to help Bangladesh improve the efficiency of gas distribution and end-use through prepaid metering systems for residential and industrial consumers and reduce methane emissions along the natural gas value chain.

The Gas Sector Efficiency Improvement and Carbon Abatement Project will address natural gas leakage and losses along the gas transmission and distribution network, reduce wastage in use by residential and industrial users, and strengthen network monitoring capabilities, said the Washington-based lender in a statement last Friday.