Chinese, Bangladeshi firms cooperate on power projects

China Energy Group, the largest government-owned Chinese company, will develop Bangladesh’s energy sector.

An agreement has been signed between China Energy and the Summit Group, Bangladeh's leading energy company, for the undertaking.

The deal was also signed to support Summit’s foray into neighbouring countries, including Bhutan and Cambodia.

“This is a great beginning of electricity cooperation between the private sector of China and Bangladesh,” said Sun Delan, deputy mayor of Tieling Municipal of Liaoning Province.

Summit is now working to generate hydro electricity in Bhutan while China Energy was involved in implementing Three Gorges Dam, the world’s largest hydro power generator of 22,500 megawatt in China.

Earlier, Summit Bibiyana II Power Company, a venture of Summit Group, and China Energy Group and First NEPC, a group member of China Energy, signed a $220 million deal on engineering, procurement and construction of a 341MW Bibiyana power project in Habiganj.

Meanwhile, another of Summit’s company, Summit Meghnaghat Power Co, signed an EPC agreement with China National Electric Engineering Co. worth $250 million.

For more.

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