Investment News

ACWA Power signs MoU for 3,600MW plant

Oct 17, 2019

ACWA Power signs MoU for 3,600MW plant

Saudi Arabia’s ACWA Power wants to invest $2.5 billion in Bangladesh to build a gas-run plant capable of generating 3,600MW electricity. It signed an MoU with Bangladesh Power Development Board (BPDB) for the development of Natural Gas/R-LNG Based Combined Cycle Power Plant on Oct 17, 2019.

ACWA expects to start the investment within 2020, said ACWA Chairman Mohammad Abunayyan. The government has identified the power sector as a key contributor to the development goals set in the Vision-2021 and Vision-2041.