Dhaka, Monday, September 24, 2018 10:28 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
EPC deal signed to build 150 MW power plant in Ashuganj

Midland East Power Ltd, a local private company, on September 17 signed an EPC (engineering, procurement construction) contract with a Chinese-Bangladeshi consortium for construction of a 150 MW furnace oil-based power plant in Ashuganj in the country.

The consortium of CRRC Siynang Co,. Ltd of China and local Green Power Ltd undertook the job to work as EPC contractor.

The Midland won the project from the government on unsolicited basis to set up the power plant and sale electricity as independent power producer (IPP).

State Minister for Foreign Affairs Shariar Alam, who was present at the signing ceremony at a local hotel, welcomed the deal and called both the sponsor and EPC contractor to make efforts for timely the implementation of the project so that the government can take power as per its schedule.

As per schedule, the sponsor will have to set up the project within 9 months from the date of contract to be signed with government.

The State Minister urged to remain cautious about the condition of the project to avert punishment saying that if the sponsor fails to implement the project as per schedule, it will have to face penalty.

Managing director of Midland Power Rezaul Hayat, Green Power managing director Sheikh Ehsanul Habib and officials of the CRRC also spoke on the occasion.

Officials said Eastern Bank and IDCOL have been financing the project.

Print Friendly and PDF

   You may also like

Category: Power
Partial production at Barapukuria power plant resumes

Category: Power
Bangladesh begins import of additional 300 MW power from India

Category: Power
NWPGCL sign deal with Siemens on 3600 MW LNG power plant at Payra

Category: Power
Drawback in power sector during BNP regime ‘unprecedented’: PM

Category: Power
New HVDC link boosts India-BD power transmission capacity

Category: Power
AIIB helps Bangladesh reach energy targets with up to $274 in Investments

Category: Power
Unplanned developments a challenge for power sector

Category: Power
India’s SGPL to supply 250MW power to BD

Category: Power
BREB chief declares zero tolerance against bribe
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Power Stories
Partial production at Barapukuria power plant resumes
Bangladesh begins import of additional 300 MW power from India
NWPGCL sign deal with Siemens on 3600 MW LNG power plant at Payra
Drawback in power sector during BNP regime ‘unprecedented’: PM
New HVDC link boosts India-BD power transmission capacity
AIIB helps Bangladesh reach energy targets with up to $274 in Investments
Unplanned developments a challenge for power sector
India’s SGPL to supply 250MW power to BD
BREB chief declares zero tolerance against bribe
ECNEC approves smart electricity prepaid meter project for Dhaka


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy