Bangladesh on Sunday signed a USD 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.
PDB chairman A S M Alamgir Kabir and NTPC chairman Arup Roy Chowdhury signed the agreement here. Kabir said the plant will be set up at Bagerhat's Rampal and Bangladesh and India will have equal partnership in production. "We hope to supply electricity to the national grid by 2015," he said.
PDB chairman A S M Alamgir Kabir and NTPC chairman Arup Roy Chowdhury signed the agreement here. Kabir said the plant will be set up at Bagerhat's Rampal and Bangladesh and India will have equal partnership in production. "We hope to supply electricity to the national grid by 2015," he said.
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