NTPC clinches $1.5 billion power project in Bangladesh

Discussion in 'Foreign Relations' started by Oracle, Jan 29, 2012.

  1. Oracle

    Oracle New Member

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    DHAKA: Bangladesh has signed a $1.5 billion deal with India's NTPC to build a 1,320 MW coal-fired power plant, the country's biggest, to help ease acute power shortages.

    Bangladesh's state-owned Power Development Board (PDB) struck the 50:50 joint venture deal with India's public sector National Thermal Power Company (NTPC).

    Under the pact, a JV company will be floated to install and operate the plant while the PDB and the NTPC will implement the USD 1.5 billion project.

    Source
     
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  3. Oracle

    Oracle New Member

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    Staff, I posted this thread in here as I could not post it in International Politics section.
     
  4. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    Who's issuing them loan ?
     
  5. Apollyon

    Apollyon Führer Senior Member

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    Building Blocks for en-Slaving Bangladesh ......:scared2: :dance:
     
  6. Oracle

    Oracle New Member

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    It's pure economics. Countries sharing excellent economic relationships hardly go to war or are hostile to each other. It's a win win situation for both India and Bangladesh. If and when Bangladesh's economy improves from what it is right now, it would also solve the illegal immigration problem that India is facing today.
     
  7. Oracle

    Oracle New Member

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    Nothing is mentioned right now. Will be clear in the coming days.
     
  8. nrj

    nrj Stars and Ambassadors Stars and Ambassadors

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    Chinese Long King has already bagged 3 contracts in BD, but their generation capacity is lower.
     
  9. Singh

    Singh Phat Cat Administrator

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    Bangladesh, India sign $1.5 bn power plant deal

    Bangladesh, India sign $1.5 bn power plant deal


    DHAKA — State firms from Bangladesh and India on Sunday signed a deal to build a $1.5-billion coal-fired power station that would be Bangladesh's biggest and help ease acute power shortages.

    The chairmen of Bangladesh's Power Development Board (PDB) Alamgir Kabir and India's National Thermal Power Corp (NTPC) Arup Roy Choudhury sealed the agreement in the Bangladeshi capital Dhaka.

    Under the deal, a joint venture company registered in Bangladesh will be set up to construct a 1,320 megawatt daily generation plant in the south of the country.

    "It will be a coal-fired plant and it will cost approximately $1.5 billion," Choudhury told AFP, adding the facility was expected to generate electricity by 2016.

    Bangladesh suffers crippling power outages due to demands imposed by its fast-growing economy. The shortfall is especially severe in the hot summer months from April to October.

    Years of under-investment mean Bangladesh's power plants generate around 5,200 megawatts of electricity a day, while demand totals 6,500 megawatts -- a figure growing by 500 megawatts a year.

    Just under 50 percent of Bangladesh's 150 million people have power, while peak-time shortages force some factories to halt production.

    AFP: Bangladesh, India sign $1.5 bn power plant deal
     

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