Malaysia to Build Bangladesh Power Plant

• Proeksa Meas
• 4 October 2016
• Uncategorized
• 1441 Views

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.