Dhaka, Jan 29 (IANS) India and Bangladesh Sunday signed an agreement here for constructing a 1,320 MW power plant in Bangladesh.
Bangladesh’s Power Development Board (PDB) signed the deal with India’s state-owned NTPC for the construction of the power plant in Bagerhat, around 180 km from Dhaka.
The plant will be constructed by 2015, Xinhua reported.
PDB chairman A.S.M. Alamgir Kabir signed the agreement with NTPC chairman Arup Roy Chowdhury.
Kabir said both countries will have an equal partnership in the plant.
The partnership deal comes as part of the Bangladesh government’s efforts to boost power generation to 15,000 megawatts by 2016 to improve the country’s nagging electricty situation.
The Asian Development Bank last year said Bangladesh was facing a large gap between electricity supply and demand, estimated at over 1,200 megawatts a day.