Sembcorp Utilities lands long-term power purchase deal with Bangladesh Power Development Board
SEMBCORP Industries' (Sembcorp) wholly owned subsidiary, Sembcorp Utilities, has secured a long-term power purchase agreement with the Bangladesh Power Development Board.
The agreement for the supply of 414 megawatts of power over a period of 22.5 years.
The power will be supplied out of Sembcorp's upcoming power plant in the Sirajganj district of Bangladesh.
The US$400 million combined cycle gas-fired power plant is slated for completed in 2018.
Sembcorp Utilities will own a 71 per cent stake in the project while North-West Power Generation Company, a subsidiary of the Bangladesh Power Development Board, will own the remainder.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
Japan's Nikkei closes at 3-week high on US rate-cut outlook, tech boost
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT
Infineon launches savings programme as weak demand persists
MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services
Nintendo to announce Switch successor details this financial year