NTPC clinches $1.5 billion power project in Bangladesh

[Oracle]

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

 

[Oracle]

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

 

[nrj]

Of the total project cost, 70 per cent will be arranged through loans and the rest will be equally shared between the JV partners.

Who's issuing them loan ?

 

[Apollyon]

Building Blocks for en-Slaving Bangladesh ......

 

[Oracle]

Building Blocks for en-Slaving Bangladesh ......

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.

 

[Oracle]

Who's issuing them loan ?

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

 

[nrj]

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

 

[Singh]

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