Rupsha Power Plant

ADB to provide $501.5m assistance

Asian Development Bank (ADB) will provide $501.5 million assistance to Bangladesh for implementing the Rupsha 800 MW combined cycle power plant project, reports BSS.

Out of the total amount, the Manila-based lending agency will provide $500 million in Ordinary Capital Resources (OCR) loan while the rest of $1.5 million as grant.

The loan and grant agreements in this regard will be signed between the government and the ADB on August 2 at the NEC-2 Conference Room in the capital’s Sher-e-Bangla Nagar.

Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and ADB Country Director Manmohan Parkash will sign the loan and grant agreements on behalf of their respective sides.

Besides, the project agreement will be signed between ADB Country Director Manmohan Parkash and CEO of North-West Power Generation Company Limited (NWPGCL) Engineer AM Khorshedul Alam.

 

Rupsha Power Plant

ADB to provide $501.5m assistance

Asian Development Bank (ADB) will provide $501.5 million assistance to Bangladesh for implementing the Rupsha 800 MW combined cycle power plant project, reports BSS. Out of the total amount, the Manila-based lending agency will provide $500 million in Ordinary Capital Resources (OCR) loan while the rest of $1.5 million as grant. The loan and grant agreements in this regard will be signed between the government and the ADB on August 2 at the NEC-2 Conference Room in the capitals Sher-e-Bangla Nagar. Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and ADB Country Director Manmohan Parkash will sign the loan and grant agreements on behalf of their respective sides. Besides, the project agreement will be signed between ADB Country Director Manmohan Parkash and CEO of North-West Power Generation Company Limited (NWPGCL) Engineer AM Khorshedul Alam.