Business
20:30, 17-Sep-2017
Bangladeshi, Chinese companies team up to build power plant
["other","Bangladeshi"]
Share
Copied
A Chinese and Bangladeshi consortium will build a 150 MW power plant for a leading local private firm in northeastern Bangladesh.
Midland East Power Ltd, a leading local firm, signed an engineering, procurement and construction (EPC) contract with a consortium of Chinese CRRC Ziyang Co. Ltd. and Bangladeshi Green Power Ltd. for construction of the 150 MW power plant in Ashuganj in Bangladesh's Brahmanbaria district, 109 km northeast of the capital Dhaka.
Midland is the owner and developer of the power plant which is to be constructed on nine acres of land.
Midland said in a handout that after discussions with four international companies, it decided to strike the deal with the Chinese consortium as it offered the most competitive proposal.
VCG Photo
VCG Photo
Under the agreement, the consortium will do engineering work, construct the plant, procure the machinery and conduct necessary performance testing to put the power plant into commercial operation.
According to the firm, the project will adopt stringent environment norms and use highly efficient machinery and state of the art technology to make it environmentally friendly.
The project is expected to be completed in nine months, and go into commercial operation and be connected to the national grid by May next year, it said.
Bangladesh's Eastern Bank Ltd is the financial partner of Midland for the plant. Midland has already signed a 15-year agreement with the Bangladeshi government to supply the power produced at the plant to the national grid.
2944km
Source(s): Xinhua News Agency