BG to set up mini nuclear power plant
Signs four agreements with US company
Bashundhara Group has joined hands with a US company to set up the country’s first private sector nuclear power plant to help national efforts to resolve the electricity shortfall.
A memorandum of understanding (MoU) to this effect was signed between Bashundhara Group and globally reputed NIC International Inc. in the city on Sunday.
The mini nuclear power plant is expected to generate 20 megawatt electricity, company officials told the signing ceremony at the conference hall of East-West Media Group Ltd in the city’s Bashundhara residential area.
The country’s leading entrepreneur and BG Chairman Ahmed Akbar Sobhan and NIC Inc, President Emily Robert Drwila signed the comprehensive MoU that involves three other deals.
Bashundhara Group, under an umbrella deal, will also assemble laptop computers, net-book computers, touchpad, and electronic reader targeting the export market after meeting domestic demands.
In all, the BG is going to invest in four projects, all of which are aimed at bringing ultimate benefits to the people of the country, BG chairman Ahmed Akbar Sobhan said.
He mentioned that the mini nuclear plant would not meet the demand of electricity ‘but will surely set an example for other entrepreneurs to come up with similar initiatives’.
The commissioning of the nuclear power plant project will start soon, subject to approval from the governments of Bangladesh and the United States, the function was told.
The plant is expected to be set up in Manikganj and go into operation within February next year.
Akbar Sobhan said the investment projects would not only expedite the country’s digitisation process but also build national image abroad beside opening gateway for earning foreign exchange.
He thanked the US diplomats in Dhaka for lending their supports to the Bashundhara Group.
The agreement would help increase two-way trade between Bangladesh and the USA, the BG chairman said. Adequate employment opportunities will also be created through these projects for the local people, he added.
Intravenous solution and IV solution transfusion administration set factories will be established under a twin-scheme being undertaken by the two companies. The two units are designed as export-oriented enterprises.
Mostafa Kamal Mohiuddin, Chairman of East West Media Group Limited, said this type of plant would be suitable for addressing strategic needs of electricity as implementation of such a project takes only six to nine months.
“Tropical weather, dense population and scarcity of isolated land are also to be taken into account for medium and large scale nuclear power plant,” he said.
Mohiuddin noted that it is encouraging for Bangladeshis that laptop computers and electronic devices of high demand would be produced in Bangladesh and hit the mainstream Western market.
Appreciating the contribution of Ambassador James F Moriarty and his colleagues to striking the deals, the EWMGL Chairman said this collaboration is not only meant for business but also a symbol of friendly relations between the two countries.
John F Danilowic, political and economic counsellor of the US Embassy in Dhaka, said the technology devices which would be manufactured in the joint venture units would be exported to the USA with permission from the US government.
Chief adviser to BG Chairman Mahaboob Morshed Hasnu, Deputy Managing Directors of BG Mostafizur Rahman and Abul Kalam Azad, Media Adviser to East West Media Group Ltd Abu Tayeb, Editor of daily sun Prof Dr Sayed Anwar Husain, Editor of Kaler Kantho Abed Khan, Editor of Bangladesh Protidin Sahjahan Sardar and other high officials of both the companies were present at the signing ceremony.