Govt signs 360mw power deal with Marubeni
Star Business Report
The government yesterday went into an agreement with a Japanese corporation to set up a 360-megawatt combined cycle power plant and associated substations in Haripur by August of 2013.
Electricity Generation Company Ltd (EGCL), an enterprise of Bangladesh Power Development Board, signed the deal with Marubeni Corporation of Japan at Biddut Bhaban in Dhaka.
Kazi Nazrul Islam, company secretary of EGCL, and Hidekatus Mizushima, general manager of Marubeni Corporation, inked the $376 million deal .
Japan International Cooperation Agency (JICA) will finance the project.
“This project is our major anchor to the development of the power sector, said Tawfiq-e-Elahi Chowdhury, energy adviser to the prime minister.
Takao Toda, chief representative of JICA Bangladesh Office, said the project is expected to be complete within 29 months.