Bangladesh Signs Agreements to Build Three Power Stations

Bangladesh’s Power Development Board signed agreements with two groups of companies to build three power stations with a combined capacity of 302 megawatts, the agency said in a statement today.

Malaysia’s Mutiara Consolidated Sdn Bhd and Bangladesh’s Power Pac Holdings will set up a 99.4 megawatt furnace oil-based power station in the southwestern city of Khulna and another 94.8 megawatt plant in the northeastern town of Jamalpur, according to the statement. A venture between London-based Rurelec Plc (RUR) and Dhaka-based Confidence Cement Ltd. (CONFID) and Energy Pac Generation Ltd. will build a 108 megawatt plant at Chittagong.

The Power Development Board will buy electricity from the Khulna plant at an average price of 6.69 taka per kilowatt hour, according to the statement. Power from the Jamalpur station will be purchased at 6.98 taka a unit and from the Chittagong plant at 7.02 taka a unit.

The three stations will be completed by November 2012, according to the statement.

To contact the reporter on this story: Arun Devnath in Mumbai at adevnath@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net

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