Bangla power panel, HK firm sign agreement

The state-run Bangladesh Power Development Board (BPDB) and China Huadian Hongkong Company Limited (CHDHK) have signed an agreement to form a joint venture company for setting up a coal-based power plant with a capacity of 1,320 megawatts, a senior power board official said on Monday.

By TT Bureau in Dhaka
  • Published 8.05.18
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Dhaka: The state-run Bangladesh Power Development Board (BPDB) and China Huadian Hongkong Company Limited (CHDHK) have signed an agreement to form a joint venture company for setting up a coal-based power plant with a capacity of 1,320 megawatts, a senior power board official said on Monday.

"These two firms signed the deal on Sunday to set up the plant at Moheshkhali island in Cox's Bazar district, 415km from Dhaka,"? said Mohammad Saiful Islam, a BPDP director. The joint venture, equally shared by both companies, will take 4 years to start production, the official said.

Another official, who is directly involved with the project, said that as per the initial plan it might cost about $2 billion to implement the project.

Bangladesh plans to provide electricity to all its 160 million citizen by 2021, the year in which it aims to enter the league of middle-income countries. At present, 20 per cent of its people do not have electricity while the country is facing a shortage of between 1,000 and 1,500 megawatts. PTI

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