Energy Bangla

Energy electricity and environment news portal

Dhaka Monday,  Jun 18, 2018

Rampal Loan Agreement Likely to be Signed Today Evening

Mahfuj Risad

The loan agreement on installing the most awaited power plant of Rampal is going to be signed today. The deal is likely to be signed this evening.

The coal-based power plant of Rampal has a budget of $2 billion, among which $1.6 billion will be financed by the Indian Exim Bank. The Indian Exim bank will ink a deal on this $1.6 billion loan with the plant materializing authority Bangladesh-India Friendship Power Company Limited (BIFPCL).

According to the related sources, BIFPCL will arrange a board meeting on today regarding this deal signing and the deal is about to be signed after the meeting.

Comment here