A coal-fired power plant development is set to be the biggest project yet under the bilateral cooperation between Bangladesh and India.
The agreement reached is to build a 1320 MW coal power plant at Rampal of Bagerhat, near the Sundarbans, Bangladesh.
The $1.49bn contract was awarded by Bangladesh-India Friendship Power Company (BIFPLC) to India’s state-owned firm Bharat Heavy Electricals (BHEL).
BIFPLC is a 50-50 joint venture between India’s state-owned utility National Thermal Power Corporation (NTPC) and Bangladesh Power Development Board.
In response to some protest from environmental quarters, BIFPCL managing director Ujjwal Kanti Bhattacharya said: “We respect the concern of the people of Bangladesh, we are set to maintain the maximum environmental standards for the plant.”
Backed by funding from Indian Exim Bank, the project construction is expected to commence in three to four months and will be completed in 2019.
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