The Riyadh-based firm signed a Memorandum of Understanding with Bangladesh Power Development Board for a feasibility study on the project. The Saudi firm is eager to invest $2.5 billion in the Regasified Liquefied Natural Gas or RLNG-based combined cycle power plant, according to state news agency Bangladesh Sangbad Sangstha. Prime Minister's Adviser for Private Industry and Investment Salman F Rahman speaking at an event at a Dhaka hotel on Thursday marking the signing of an MoU between Bangladesh Power Development Board and Saudi Arabian firm ACWA Power for a 3,600MW power plant. State Minister for Power, Energy and Mineral Resources Nasrul Hamid Bipu speaking at an event at a Dhaka hotel on Thursday marking the signing of an MoU between Bangladesh Power Development Board and Saudi Arabian firm ACWA Power for a 3,600MW power plant. “Now the largest firm in the sector, ACWA Power, has joined it (initiative),” he added.

Source: bd News24 October 17, 2019 15:33 UTC