ACWA Power and Saudi Aramco signed a deal with Bangladesh Power Development Board to develop a 3,600-megawatt LNG-based power plant and terminal in the country. In addition, they will build the LNG terminal to store the LNG,” said Salman Fazlur Rahman, investment adviser to Bangladeshi Prime Minister Sheikh Hasina. “ACWA will build the power station to convert LNG to power,” said Rahman, who has been closely involved with the Saudi investment proposals. In March, a Saudi investment delegation signed a host of agreements and memorandums of understanding worth up to $20 billion. It is also building a land-based terminal that can handle 7.5 million tonnes of LNG per year, expected to be ready in five years.

Source: bd News24 November 13, 2019 13:25 UTC