On April 12th 2018, the Implementation Agreement and Power Purchase Agreement relating to a 350MW Coal-fired IPP in Barisal Bangladesh were entered into by and between POWERCHINA Resources Limited (PCR) and related Bangladeshi governmental authorities. Senior officials from PM’s Office, MPEMR and BPDB attended and witnessed this signing ceremony, which marks the full-blown development of this Barisal project.
Bangladesh plays critical roles in both Belt and Road Initiative and regional economic corridor, and PCR attaches great importance to the cultivation of Bangladesh power market. By way of exploiting the advantage of “integrated industry chain” within POWERCHINA Group, PCR materializes its break-through in Bangladesh.
The implementation of Barisal project will deepen the traditional friendly relationship between China and Bangladesh and effectively benefit the local market in terms of optimization of energy structure, alleviation of power shortfall and increase in employment etc. Meanwhile, it will enhance the positive influence and establish a more reputable image of Chinese enterprises in Bangladesh, and contribute to the strategical cooperation relationship between China and Bangladesh.
Editor:Amber
