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India secures $1.6b Bangladesh power project order

As part of its neighbourhood-first foreign policy, the National Democratic Alliance government has adopted an aggressive financing approach to set up infrastructure projects in the bordering countries. A case in point being the largest overseas power project order of $1.6 billion, set to be secured by state-run Bharat Heavy Electricals Ltd (Bhel) in Bangladesh. Competing against Chinese manufacturers, Bhel emerged as the lowest bidder, facilitated by concessional finance from the Export-Import Bank of India (Exim Bank). The exercise led by the Prime Minister’s Office (PMO) marks the culmination of India’s efforts to impress Bangladesh to allow Bhel to bid for the coal-fuelled power project. “We have been trying to bid for this project for a long time. We finally approached the PMO...

Jovago plans to change tourism scenario of BD

Following the launch of its venture office in Bangladesh last month, Jovago.com is set to go for a large-scale acquisition of hotels over the next months. After taking the lead across several countries and moving across continents, Jovago, the global online hotel booking website this time has come to Bangladesh to set its feet deep with a plan of massive acquisition of hotels under its belt. In accordance to that, sessions of countrywide employment has been going on this month, hiring Sales Executives across the districts and signing of hotels to get affiliated with Jovago.com, following the launch of its venture office in Bangladesh last month.

BD to buy electricity from Tripura at Tk 6.44 per unit

Bangladesh struck to a deal with India on Saturday over importing 100 megawatt electricity from the Palatana power plant in Tripura of India. PowerThe state minister for power, energy and mineral resources, Nasrul Hamid, in a meeting with Tripura’s power minister fixed the electricity price at US$ 0.8 per unit. The price stands at Tk 6.5 and Indian 5.5 rupees per unit. The power import is expected to start from February.

LafargeHolcim to increase limestone production

LafargeHolcim plans to increase production of limestone from its Nongtrai mines in Meghalaya’s East Khasi Hills district, Bangladesh, from two to five million tonnes per year. The company also plans to export limestone. The company has received notice from the Meghalaya State Pollution Control Board for a Lafargepublic hearing on the expansion plan at Nontrai for excavation of limestone. In 2009, the company had applied to Union Ministry of Environment, Forests and Climate Change for environmental clearance, says a report. Meghalaya-based Lafarge Umia...

Siemens to supply components for power plant in BD

Siemens has received an order for the supply of key components for the Bibiyana South combined cycle power plant in Bangladesh. One gas turbine, a steam turbine and a generator are to be installed in the natural-gas-fired single-shaft plant. The total installed electrical generating capacity of the plant will be around 400 megawatts (MW). The operator of the plant is the state-owned power provider Bangladesh Power Development Board (BPDB). The Bibiyana South plant will be erected by Isolux Corsan, a company specialized in energy, construction, transmission and distribution, with Power

UNWTO to help boost Bangladesh tourism

Taleb Rifai, the Secretary General of United Nations World Tourism Organization (UNWTO) has promised Bangladesh full cooperation to develop its tourism sector. He said those while addressing at a conference at Bangabandhu International Conference Centre on ‘Developing Sustainable and Inclusive Buddhist Heritage and Pilgrimage Circuits in South Asia’s Buddhist Heartland’ Wednesday. “Bangladesh is entering a new era of touriem. Cooperation from the UN and ADB will continue,” UNWTORifai said. He also assures that the UNWTO will work closely with Banglades...
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