A loan totaling more than $150 million will help Bangladesh address the mounting energy challenges in its expanding economy, the Asian Development Bank said. The ADB said it approved a $167 million loan, with as much as $60 million more possible, to help Bangladesh tap into and deliver natural gas from the Titas field north of the capital city, Dhaka. “By addressing gas supply constraints and transmission bottlenecks, the project will increase the energy sector’s contribution to sustainable economic growth in Bangladesh,” Hongwei Zhang, a regional finance specialist at the ADB, said in a statement . The loan will help finance the installation of pumping infrastructure at the Titas field, the largest in the country. A transmission line of 112 miles long is also planned. Asian […]