Germany to give 337.2m euro for energy, climate projects

Germany will provide 337.20 million euro to Bangladesh for implementing projects in different sectors, including energy and climate change.

In this regard, the two countries signed three bilateral agreements on Technical Cooperation-2016, Financial Cooperation-2016 and Financial Cooperation 2016 (Saidabad-III) at the Economic Relations Division (ERD) in the capital's Sher-e-Bangla Nagar on Sunday, reports BSS.

ERD Secretary Kazi Shofiqul Azam and German Ambassador to Bangladesh Dr Thomas Prinz signed the agreements on behalf of the two governments.

Under the Technical Cooperation-2016, a total amount of 31 million euro will be provided as contribution to the following projects.

Under the Financial Cooperation-2016, an amount of 216.20 million Euro will be provided as loan and contribution to IDCOL (2 projects for renewable energy); Modernisation of energy distribution-smart grid, phase 1; Climate change-adapted urban development programme, phase II, and financial contribution to attendant measures.

Besides, an amount of 90 million euro will be provided as loan to the climate change-adapted drinking, water resources management Dhaka (Saidabad Water Treatment Plant Project, phase III).