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French development partner AFD will provide Euro 50 million worth of loan to Bangladesh aimed at expanding renewable energy in rural areas, Economic relations Division (ERD) officials said.
The fund would be utilised to expand renewable energy uses in villages through private sector Small and Medium Enterprises (SMEs) and cooperatives, the ERD in a statement on Monday said.
The women-owned SMEs and cooperatives would get preference in this project.
ERD Secretary Fatima Yasmin and Agence Française de Développement (AFD) Country Director in Bangladesh Mr Benoit Chassatte signed the loan agreement on August 12 in Dhaka.