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Rolls-Royce will set up power plants in Bangladesh |
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April 18, 2000
Dhaka, Apr 17 (UNB) – Rolls-Royce Power Ventures (RRPV) Ltd will set up 10-60 megawatt power plants in Bangladesh with 100 per cent foreign capital. The multinational power company’s business plan here was disclosed by a high-powered delegation of RRPV when it met with Executive Chairman of Board of Investment M Mokammel Haque today (Monday). The delegation, led by Vice President of RRPV Asia Pacific Jeffrey E Grundman, exchanged opinions on the proposed plants with the BOI chief. During the meeting, they agreed to have further contact on exploring potential and implementing the proposed small-scale power projects across the country. RRPV has registered with the BOI with the nomenclature of Meghna Energy Limited to invest in Bangladesh’s power-hungry power sector. The meeting was told that RRPV was now operating 16 projects generating more than 700 MW power in India, the Philippines, Australia, Papua New Guinea, Singapore, Thailand, Brazil, Tanzania, Mexico, Canada, Egypt, Turkey and other countries. The company develops and maintains the power plants with its own management and sells power to private parties. RRPV has so far invested 250 million US dollars in power industries. They are now implementing 16 other projects in 12 countries throughout Asia, America, Africa and the Middle East. The BOI Executive Chairman apprised the delegation of the growing need of electricity in the country and similar other small-scale power projects. He assured the RRPV delegation of all possible cooperation from the investment board.
Power Secretary Arbinda Kar was present.
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