Bangladesh Power Development Board (BPDB) is set to sign a joint venture contract on Sunday to establish a coal-fired power plant having 1,320 megawatt (MW) generation capacity.
"As part of the government's move to increase the power production, the BPDB will sign the contract at Mukti Hall of Bidyut Bhaban in the city with China Huadian Company for installing 1,320MW power plant at Moheshkhali in Cox's Bazar," BPDB Director (public relations) Saiful Hasan Chowdhury said on Saturday.
He said under the agreement, a new joint venture company will be formed within 30 days, adding, "The new company will construct a 1,320MW ultra super critical coal-fired power plant at Moheshkhali in Cox's Bazar by 48 months."
State Minister for Power, Energy and Mineral Resources Nasrul Hamid will be the chief guest at the contract signing ceremony, reports BSS.