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Energy Finance & Investment News in Bangladesh

IPPToday #207: Joint venture agreement signed for 1,320 MW coal-fired power project in Bangladesh

IPPToday #207: Joint venture agreement signed for 1,320 MW coal-fired power project in Bangladesh

🕔May 8, 2018

Bangladesh Power Development Board (BPDB) and China Huadian Hong Kong Company Ltd (CHDHK) have signed a joint venture agreement to construct a 1,320 MW coal-fired power plant in Maheshkhali, Cox's Bazar, a district in the south-east of Bangladesh. The estimated cost of the project is US$2 billion.

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IPPToday #182: Contract framework agreement signed for 2000 MW coal-fired power plant in Bangladesh

IPPToday #182: Contract framework agreement signed for 2000 MW coal-fired power plant in Bangladesh

🕔Mar 27, 2018

GCM Resources, a London-based resource exploration and development company, has announced that it has agreed a Contract Framework Agreement with China Gezhouba Group International Engineering Co. (CGGC) which awards CGGC the exclusive right for the engineering, procurement, construction, and commissioning of a proposed 2,000MW mine-mouth thermal power plant which is part of GCM's Phulbari Coal and Power Project in north-west Bangladesh.

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IPPToday #177: MoU signed for US$3 billion LNG-power project in Bangladesh

IPPToday #177: MoU signed for US$3 billion LNG-power project in Bangladesh

🕔Mar 20, 2018

Summit Power International has announced that its subsidiary Summit Corporation Limited has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation and its subsidiary Diamond Gas International to develop a LNG-to-Power project in Matarbari, Moheskhali, Bangladesh, which is expected to cost up to US$3 billion.

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AIIB to finance 220 MW power plant in Bangladesh

AIIB to finance 220 MW power plant in Bangladesh

🕔Mar 12, 2018

The Asian Infrastructure Investment Bank’s (AIIB) has announced that its Board of Directors has approved a loan of up to US$60 million for the Bangladesh Bhola independent power project, which involves the development of a greenfield 220 MW combined cycle power plant in Bhola island in the Barisal district of Bangladesh.

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IPPToday #170: MoU signed for 2.4 GW nuclear project in Bangladesh

IPPToday #170: MoU signed for 2.4 GW nuclear project in Bangladesh

🕔Mar 8, 2018

Rosatom, a Russian state corporation that specialises in nuclear energy, has signed a Memorandum of Understanding (MoU) with the Department of Atomic Energy of the government of India and the Ministry of Science and Technology of the government of Bangladesh regarding the development of the Rooppur nuclear power plant, to be located in the Pabna district of Bangladesh.

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IPPToday #147: Bangladesh and Indonesia sign MoU on US$2 billion 1400 MW gas project

IPPToday #147: Bangladesh and Indonesia sign MoU on US$2 billion 1400 MW gas project

🕔Feb 2, 2018

Indonesia’s state-owned diversified energy company PT Pertamina and Bangladesh Power Development Board (BPDB) have signed a memorandum of understanding (MoU) to develop an integrated gas project, comprising of a combined cycle gas turbine (CCGT) power plant with installed capacity of 1400 MW and a floating, storage and regasification unit (FSRU). The estimated total investment is US$2 billion.

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ADB underwrites Bangladesh power station for $583 million

ADB underwrites Bangladesh power station for $583 million

🕔Dec 13, 2017

The Asian Development Bank’s (ADB) Board of Directors has approved debt financing and partial risk guarantees totaling US$583 million to develop the Reliance Bangladesh Liquified Natural Gas (LNG) and Power Project.

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IPPToday #45: Financial close for Sembcorp's 414 MW IPP power project in Bangladesh

IPPToday #45: Financial close for Sembcorp's 414 MW IPP power project in Bangladesh

🕔Aug 28, 2017

Sembcorp has announced it has reached financial close on the 414 MW Sirajganj greenfield gas-fired power project in Bangladesh.

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IFC to finance Excelerate Energy Ltd to build Bangladesh’s first LNG import terminal

IFC to finance Excelerate Energy Ltd to build Bangladesh’s first LNG import terminal

🕔May 10, 2017

The private finance arm of World Bank, International Finance Corporation (IFC), has agreed to extend finance to build Bangladesh’s first LNG import terminal to Excelerate Energy Ltd.

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North-West Power Generation Company signs debt on 230 MW Sirajganj IPP

North-West Power Generation Company signs debt on 230 MW Sirajganj IPP

🕔Mar 10, 2017

MIGA, a member of the World Bank Group, continued its commitment to Bangladesh's power sector by announcing a guarantee of US$69.5 million for Standard Chartered Bank (SCB) and Siemens Bank's loans to North-West Power Generation Company Limited (NWPGCL), a state-owned power generation utility.

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Scatec Solar and A.K.Khan sign partnership agreement in Bangladesh

Scatec Solar and A.K.Khan sign partnership agreement in Bangladesh

🕔Feb 27, 2017

Scatec Solar signed a Memorandum of Understanding with the local A. K. Khan & Company to co-develop several large scale solar projects in different parts of Bangladesh.

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Financing announced for Sembcorp’s 414 MW project in Bangladesh

Financing announced for Sembcorp’s 414 MW project in Bangladesh

🕔Dec 29, 2016

IFC, a member of the World Bank Group, will provide US$165 million in debt financing to Sembcorp Utilities, a wholly-owned subsidiary of the Singapore-based Sembcorp Industries, to significantly expand power generation capacity in Bangladesh.

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GCM Resources signs MOU with China Gezhouba Group International Engineering for power project

GCM Resources signs MOU with China Gezhouba Group International Engineering for power project

🕔Dec 9, 2016

GCM Resources, a London based resource exploration and development company, has announced that a memorandum of understanding (MOU) has been agreed with China Gezhouba Group International Engineering Co. Ltd (CGGCINTL).

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IFC, IFC Emerging Asia Fund, and EMA Power Invest $175.5 million in Summit Group to Grow Bangladesh’s Power-Generation Capacity

IFC, IFC Emerging Asia Fund, and EMA Power Invest $175.5 million in Summit Group to Grow Bangladesh’s Power-Generation Capacity

🕔Sep 21, 2016

IFC, IFC Emerging Asia Fund, and EMA Power have invested US$175.5 million to finance local independent power producer, Summit Group's future power projects in energy-scarce Bangladesh. 

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Sembcorp signs PPA for Sirajganj 4 power plant

Sembcorp signs PPA for Sirajganj 4 power plant

🕔Aug 22, 2016

The Government of Bangladesh has signed two deals concerning the 414 MW dual-fuel (gas and high speed diesel, HSD) combined cycle power plant in Sirajganj.

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Bangladesh approves 750 MW plant & FSRU based LNG terminal

Bangladesh approves 750 MW plant & FSRU based LNG terminal

🕔May 6, 2016

The Government of Bangladesh has recently announced that it has granted in-principle approval for the first phase of the 750 MW Liquefied Natural Gas (LNG) based power project and Floating Storage & Regasification Unit (FSRU) based LNG terminal, which will be built by Reliance Power in Bangladesh.

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Financial close for 400MW Bibiyana-III Gas Based Combined Cycle Power Plant

Financial close for 400MW Bibiyana-III Gas Based Combined Cycle Power Plant

🕔Mar 1, 2016

Marubeni Corporation is to construct the 400MW Bibiyana-III Gas Based Combined Cycle Power Plant in Bangladesh, for which the Japan Bank for International Cooperation signed a loan agreement.

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MIGA-guaranteed financing for Sirajganj 2 power plant

MIGA-guaranteed financing for Sirajganj 2 power plant

🕔Dec 22, 2015

The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, recently announced its backing of loans by Standard Chartered Bank and Siemens Bank GmbH to North-West Power Generation Company Limited, a state-owned power generation utility in Bangladesh.

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SkyPower to invest in 2GW solar PV energy projects in Bangladesh

SkyPower to invest in 2GW solar PV energy projects in Bangladesh

🕔Oct 2, 2015

SkyPower, the developer and owner of utility-scale solar projects, made a historic announcement unveiling its plans to build 2 GW of utility-scale solar energy over the next five years in Bangladesh, representing an investment of US $4.3 billion.

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Reliance Power, Adani Power sign MoUs to develop power plants in Bangladesh

Reliance Power, Adani Power sign MoUs to develop power plants in Bangladesh

🕔Jun 22, 2015

The Bangladesh Power Development Board (BPDB) has signed Memorandums of Understanding (MoUs) with Reliance Power to develop a 3,000 MW natural gas-based power plant and with Adani Power for a 1,600 MW coal-fired project.

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