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BD seeks faster China Exim Bank funding for power projects

Published : Thursday, 15 October, 2026 at 7:49 PM

Special Correspondent

Power Division has requested Chna Exim Bank to consider faster funding for Payra expansion, building smart grid and control system and DPDC network upgrades.

Power, Energy and Mineral Resources Minister Iqbal Hasan Mahmood made this request to China Exim Bank President, Ms. Wang Chunying while he met with Minister at his secretariat office on Thursday at his office.

Both side discussed the way out to advance bilateral relations and economic cooperation in the power sector.

The Power Minister told the delegation that stable power and energy are the cornerstone of national development and growth.

Citing Bangladesh's clean energy shift under the Renewable Energy Policy 2026, he asked the Bank to expedite future financing, particularly for upgrading national grid control systems to build smart grids, expanding Payra to its next phases, and strengthening DPDC transmission lines. He also invited the President to visit the project sites they have financed in Bangladesh.

Ashik Chowdhury, Chairman of Invest Bangladesh, Mirana Mahrukh, Secretary, Power Division; Engr. Md. Rezaul Karim, Chairman, Bangladesh Power Development Board and senior officials of Power Division were also present at the meeting.

The meeting also discussed financing projects, including Payra Thermal Power Plant Project, Power Grid Network Strengthening Project (G2G), and Expansion and Strengthening of Power Network under DPDC Area (G2G) Project. Emphasis was also given on China Exim Bank financing for future power sector projects as well.

Ms. Wang reaffirmed the Bank's continued support for Bangladesh's infrastructure development and welcomed the recent investment-friendly tariff and duty cuts by the National Board of Revenue for green energy.

She expressed strong interest in cooperating on financing, expertise for ground-mounted and floating solar, wind, and waste-to-energy projects.

Both sides agreed to speed up institutional responses to quicken financing clearances for the G2G grid strengthening and DPDC network expansion projects. Both sides have agreed to work together to optimize support to strengthen and stabilize power sector of Bangladesh.

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Editor : Iqbal Sobhan Chowdhury

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