The government plans to open power market allowing private entrepreneurs to play in electricity generation, transmission and distribution. To make the power market open, the government included a provision in a draft law which is now set to be placed before the parliament to replace the 105-year old law, said officials. ‘In a bid to create an open market for power sector, the government will establish the power market and... »
A joint venture between state-owned North-West Power Generation Company and Singaporean private firm Sembcrop signed a contract Monday to set up a 414 MW dual-fuel combined cycle power plant in Sirajganj by December 2018. The Singaporean company entered into a 71:29 joint venture with the North-West Power Company to implement the project. The JV called “Sembcrop North-West Power Company” will invest $412.5m to set up the project. In the equity,... »