Energy ties in focus as India, Bangladesh companies sign 13 pacts


Energy ties in focus as India, Bangladesh companies sign 13 pacts

A Bangladeshi business delegation led by Prime Minister Sheikh Hasina on Monday announced signing of 13 memorandums of understanding (MoUs), with the energy sector emerging as the frontrunner. Of the 13 pacts signed, estimated to be worth over $9 billion, nine are related to various energy needs of the neighbouring countries. The MoUs include Bangladesh India Friendship Power Company and Exim Bank of India agreement on debt financing for construction of the 1,320-MW Maitree Power Project in Rampal, Bangladesh at an estimated cost of $1.6 billion, and an agreement between NTPC Vidyut Vyapar Nigam and Bangladesh Power Development Board for supplying power from Nepal, with an investment of $3.15 billion, among others.

Speaking at an event organised by CII, petroleum minister Dharmendra Pradhan said that India remains committed to help Bangladesh achieve power for all by 2021. Read More…

 

Credit By  : Financial Express.com

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