Bangladesh Power Development Board (BPDB) has signed a joint venture agreement with China Huadian Hongkong Company Limited (CHDHK) for a coal-based power plant.
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The power plant located in Bangladesh is reported to have a capacity of 1320 MW.
Mohammad Saiful Islam, a Director of the BPDB, stated: “These two firms signed the deal on Sunday 13 May to set up the plant at Moheshkhali island in Cox’s Bazar district, 415 km (260 miles) southeast from Dhaka.”
The Bangladesh government intends to develop an energy hub over the next four years; several coal power projects have been proposed as a means of curbing the current power shortage in the region.
Officials have stated that the project could cost around US$2 billion. The joint venture is also expected to take approximately four years to complete, and will be equally owned by both companies.
Read the article online at: https://www.worldcoal.com/power/18052018/bpdb-and-chdhk-form-coal-jv/