Bangladesh to get $ 110 mm from Kuwait for energy, food

Feb 08, 2011 12:00 AM

Bangladesh will receive $ 110 mm from the Kuwait Fund for Arab Economic Development (KFAED) for its food and energy sectors.
"The lion's share of the money will go for the development of the power and energy sector, and the rest for food security," said Musharraf Hossain Bhuiyan, secretary of the economic relations division of the ministry of finance.
"We signed a deal today (with KFAED) to get the fund as a grant,".
About $100 mm will be used to implement a 225-megawatts dual-fuel combined cycle power plant at the port city of Chittagong. The remaining funds will be disbursed among farmers and small agro-based industries through Non-Government Organisations, Musharraf said.

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