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| L&T signs contract for Sikalbaha gas-based power plant in Bangladesh Bangladesh Power Development Board (BPDB) and Larsen & Toubro (L&T) have signed a contract to set up a 225 megawatt, gas-based power plant in Sikalbaha, Chittagong in Bangladesh. The contract, which is valued at about $200 million, was secured by L&T in May, 2014. The contract was signed between BPDB Secretary Mohd Zahirul Haque and L&T Vice-president Saurabh Indwar at an event held in Dhaka on August 24. Four development partners of Government of Bangladesh from the Middle-East (Saudi Arabia, Kuwait, UAE and OPEC Fund) will finance the project with a fund of approximately $167 million. L&T's scope includes design, detailed engineering, supply, installation and commissioning of the power plant on a turnkey basis. L&T-Sargent and Lundy, a subsidiary of L&T, will carry out the plant integration and detailed engineering. This is the second gas-based power project secured by L&T in Bangladesh. L&T had recently been awarded a $280-million order for setting up the 360 MW Bheramara combined cycle power plant. write your comments about the article :: © 2014 Construction News :: home page |