Dhaka, Monday, September 24, 2018 08:47 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
APSCL, Chinese consortium sign 400 MW power plant deal

State-owned Ashuganj Power Station Company Ltd (APSCL) on Tuesday signed an engineering, procurement and construction (EPC) contract with a Chinese consortium to build a 400 MW power plant on its premises.

As per the contract, the China National Technical Import and Export Corporation (CNTIC) and China National Corporation for Overseas Economic Cooperation (CCOEC) will supply and construct Ashuganj 400 MW combined cycle (East) project at a contract value of US$ 177.76 million (equivalent to Tk 1,473.82 crore) within next 36 months.

Asian Development Bank (ADB) and Islamic Development Bank (IDB) financed the project along with the Bangladesh government with having APSCL’s own funding. 

Addressing the contract signing ceremony at Sonargaon Hotel in the city, State Minister for Power Nasrul Hamid said the APSCL will float bonds in the local market to mobilise fund from the general public.

He said this will provide the local investors to be partners in the government’s company that will ultimately facilitate the company to be more transparent and accountable to spend its money.

Bangladesh is going to celebrate its graduation from LDC to developing country where the country’s power sector had a big role in achieving the success, the minister said.

The function, with PDB Chairman Khaled Mahmood in the chair, was also addressed by prime minister’s Advisor Dr Tawfiq-e-Elahi Chowdhury, prime minister’s SDG coordinator Abul Kalam Azad and power division secretary Dr Ahmed Kaikaus and managing director of APSCL Engr. AMM Sazzadur Rahman.

Print Friendly and PDF

   You may also like

Category: Power
Partial production at Barapukuria power plant resumes

Category: Power
Bangladesh begins import of additional 300 MW power from India

Category: Power
NWPGCL sign deal with Siemens on 3600 MW LNG power plant at Payra

Category: Power
Drawback in power sector during BNP regime ‘unprecedented’: PM

Category: Power
New HVDC link boosts India-BD power transmission capacity

Category: Power
AIIB helps Bangladesh reach energy targets with up to $274 in Investments

Category: Power
Unplanned developments a challenge for power sector

Category: Power
India’s SGPL to supply 250MW power to BD

Category: Power
BREB chief declares zero tolerance against bribe
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Power Stories
Partial production at Barapukuria power plant resumes
Bangladesh begins import of additional 300 MW power from India
NWPGCL sign deal with Siemens on 3600 MW LNG power plant at Payra
Drawback in power sector during BNP regime ‘unprecedented’: PM
New HVDC link boosts India-BD power transmission capacity
AIIB helps Bangladesh reach energy targets with up to $274 in Investments
Unplanned developments a challenge for power sector
India’s SGPL to supply 250MW power to BD
BREB chief declares zero tolerance against bribe
ECNEC approves smart electricity prepaid meter project for Dhaka


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy