Bangladesh inks $1.6 billion power deal with India

Bangladesh on Saturday signed its biggest-ever joint venture agreement with India involving investment of $1.6 billion for 1,320 MW coal-fired power plant which is expected to be operational in the next five years.

“This will be the largest investment Bangladesh ever had … this will be cheapest source of energy to accelerate the country’s economic growth,” prime minister’s energy affairs adviser Tawfiq-e-Elahi Chowdhury said.

The two country’s signed three deals under a pact to run the plant at Rampal of Bagerhat while the two others were Power Purchase Agreement and Implementation Agreement.

Source: Times Of India

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