Bangladesh: Transformer blasts result in losses worth $37.5 million in 2013-14 fiscal

A recent study has found that around 39,000 power distribution transformers exploded in Bangladesh during the 2013-14 fiscal year, causing losses worth 2.9 billion Bangladeshi takas ($37.5 million), reports the Dhaka Tribune.

In August itself, a loss of about BDT 300 million was reported as 4,040 transformers exploded. The study said that currently, 70-80% of the transformers installed across the country are at a risk of exploding.

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