Malaysia to Build Bangladesh Power Plant

Malaysia to Build Bangladesh Power Plant

Bangladesh has awarded the Malaysian government a USD2.5 billion contract to build a 1,320-megawatt coal-fired power plant.

The government to government deal follows an MOU signed in 2014 to build the plant in Maheshkhali, in the Cox’s Bazar district near Chittagong.

A Malaysian consortium will conduct a feasibility study prior to construction and will then have an equal equity shareholding with the Bangladesh Power Development Board (BPDB) with a concession period of 21 to 25 years.

The entire process of feasibility study, project documentation and construction is expected to take approximately six years.

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