NTPC signs pact with Bangladesh to set up 2 power projects

NEW DELHI: State-run NTPC today said it may join hands with Bangladesh Power Development Board to establish two thermal power projects at Chittagong and Khulna for mitigating the power shortages in the neighbouring nation. "A MoU has been signed today between NTPC and Bangladesh Power Development Board (BPDB) for setting up two 1,320 MW each power projects at Chittagong and Khulna in Bangladesh," an official statement said.

The power plants are likely to come up at an investment of approximately Rs 13,200 crore. The coal-fired power plants are likely to be installed on a 50:50 equity basis to be run on imported coal and operated by NTPC. NTPC will also provide training and development to human resources of BPDB and enhancement of productivity and efficiency of their existing power stations.