Power and energy sector will invest $ 5 billion in China

President Xi Jinping, China’s historic tour of Bangladesh with the power and energy sector was signed nearly five-billion-dollar loan. Under the agreement, the two coal-fired power plant, 765 km double-circuit line, the underground sub-stations, construction of single-point mooring terminal, several projects will be implemented.

With the implementation of projects in the energy sector and electricity generation, transmission and distribution system will be improved significantly.

Chinese President Xi Jinping and Prime Minister Sheikh Hasina on Friday in Chittagong, Patuakhali and Bashkhali payarate two coal-fired power plants laid the foundation stone. Power Division sources of pigeons 1 320 MW Electric Power’s work has already accelerates.
China Power Company Limited is building in Bangladesh. 984 billion dollars to build a plant in China’s Exim Bank loan is 1 percent. The final agreement on the matter has been resolved. The collaboration with China’s more than 1 320 MW of the plant to process more than 1.

Meanwhile, another Chinese company to build the plant and S Alam Group has signed an agreement with. China’s credit support will be available from. It will be constructed Banshkhali in Chittagong. SS Power Ltd 1 612 MW and two Bashkhali two companies will set up two units. Two percent to 4 billion dollars in loans and be at 75 percent of the project from China.

In addition, the development of the energy sector of Bangladesh Petroleum Corporation (BPC) is widely expected oil transportation terminals are under construction in Single Point Mooring. In this regard, the Chinese president’s visit, a preliminary agreement has been signed. The final agreement will be signed as soon as the government approves the purchase committee. China’s Exim Bank to finance terminal will be built at a cost of 5 thousand 600 crore. Construction of the terminal will be deep-sea oil pipeline from the BPC depot. The BPC has to be concerned that the fuel will reduce transportation costs.

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