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Energy Sector Security Enhancement Project

Abstract*

The proposed operation involves the use of IDA payment guarantee to support Petrobangla secure a revolving financing facility from commercial financiers. The financing facility provides Petrobangla access to payment security and working capital in foreign currency to facilitate Petrobangla's imports of liquefied natural gas, thereby ensuring Bangladesh's energy security.

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The project development objective is to improve access to cost-effective financing for Petrobangla and enhance gas supply security in Bangladesh.

Key Details

Project Details

  • P181811

  • Active

  • Olayinka Edebiri , Varun Hallikeri

  • People's Republic of Bangladesh

  • Bangladesh

  • February 20, 2025

  • (as of board presentation)

    June 18, 2025

  • N/A

  • US$ 2.10 million

  • Bangladesh Oil, Gas and Mineral Corporation (Petrobangla)

  • South Asia

  • 2025

  • US$ 0.00 million

  • N/A

  • Moderate

  • December 31, 2031

  • TBD

  • BANK APPROVED

  • January 15, 2025

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Guarantee 350.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount N/A
Total Project Cost** 2.10

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.