Bombay Dude
BANNED
Oct. 5 (Bloomberg) -- South Koreas Hyundai Engineering Co. and Daewoo International Corp. will sign an accord today with Bangladeshs Ashuganj Power Station Co. to build a 225-megawatt power plant in the South Asian country.
The project will cost 13.61 billion taka ($180 million), Mizanur Rahman, company secretary at Ashuganj Power, said in a phone interview. Standard Chartered Plc will finance 80 percent of the cost, he said.
Bangladesh, where more than half of the 156 million people dont have access to electricity, plans to spend $10 billion, or 11 percent of its gross domestic product, in a decade to increase generation capacity and attract overseas investment.
The plant is being built in Ashuganj, 90 kilometers (56 miles) north-east of the capital Dhaka, to supply power to the national grid.
Hyundai, Daewoo to Build $180 Million Power Plant in Bangladesh - Businessweek
The project will cost 13.61 billion taka ($180 million), Mizanur Rahman, company secretary at Ashuganj Power, said in a phone interview. Standard Chartered Plc will finance 80 percent of the cost, he said.
Bangladesh, where more than half of the 156 million people dont have access to electricity, plans to spend $10 billion, or 11 percent of its gross domestic product, in a decade to increase generation capacity and attract overseas investment.
The plant is being built in Ashuganj, 90 kilometers (56 miles) north-east of the capital Dhaka, to supply power to the national grid.
Hyundai, Daewoo to Build $180 Million Power Plant in Bangladesh - Businessweek