As per the deal signed with Bangladesh Power Development Board (BPDB) on Thursday, Saudi private company ACWA Power will set up the power plant along with an LNG (liquefied natural gas) terminal to facilitate fuel supply to the plant. It will also set up a 2 MW solar power plant under the deal at an investment of about $3 billion. Officials said this has been the first ever deal signed between Bangladesh and Saudi Arabia regarding investment. Addressing the deal signing ceremony at Intercontinental Hotel in Dhaka, ACWA Chairman Mohammad Abunayaan said they hoped the power plant would be an economic and efficient one. He said the location of the power plant would be decided after conducting a feasibility study and there are a number of locations being considered for the proposed power plant, including Mongla and Chittagong.

Source: Dhaka Tribune October 17, 2019 17:26 UTC