India may invest in Bangladesh`s 2,600 MW power projects
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Last Updated: Thursday, January 07, 2010, 17:07
  
New Delhi: Bangladesh is seeking Indian investment for its two power plants of 1,300 MW each and transmission link between the two countries.

An agreement to fund to the power projects is likely to be signed during the forthcoming visit of Bangladesh Prime Minister Sheikh Hasina, Bangladesh Power Development Board Chairman ASM Alamgir Kabir told here on the sideline of the third Japan-SAARC Energy Symposium.

"We have planned to set up two coal-fired power generation plants in Bangladesh. The energy agreement between the two countries would pave way for India's investment in these power plants," he said.

The pact, Kabir added, would be mutually beneficial as it would open the gate for Indian equity participation in various power projects in Bangladesh.

Asked whether Bangladesh wants to be minority stakeholder in various power projects in India, he said, "it would depend on the negotiations. We do not mind having a majority stake in power projects in India."

Besides this, the agreement would help to start power exchange programmes, under which a HVDC transmission line would be set up for the transmission of electricity between the countries entailing an investment of over half a billion dollars, Kabir said

PTI


First Published: Thursday, January 07, 2010, 17:07


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