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NTPC signs mega deal with Bangladesh

By The Assam Tribune

DHAKA, Jan 29 � Bangladesh today signed a USD 1.5 billion deal with India�s NTPC to build a 1,320 MW coal-fired power plant, the country�s biggest, to help ease acute power shortages.

Bangladesh�s state-owned Power Development Board (PDB) struck the 50:50 joint venture deal with India�s public sector National Thermal Power Company (NTPC).

Under the pact, a JV company will be floated to install and operate the plant while the PDB and the NTPC will implement the USD 1.5 billion project. � PTI

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