Bangladesh signs agreement with Reliance Power of India to set up the gas-based plant in Meghnahat

Bangladesh signs agreement with Reliance Power of India to set up the gas-based plant in Meghnahat

Government of Bangladesh signed an agreement with Reliance Power of India. Reliance Power has signed a partnership agreement with Japanese energy major Japan’s Energy For a New Era (JERA). Reliance Power will hold 51 per cent stake, while JERA will hold 49 per cent stake in the joint venture company. They will jointly set up 750 Mega Watt gas-based combined cycle power project at Meghnaghat near Dhaka, Bangladesh. The construction of the plant will be completed by 2022.

A Memorandum of Understanding has also been signed with Petro Bangla to set up 500 Million standard cubic feet per day LNG terminal at Kutubdia Island near Chittagong in Bangladesh.

 

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Bangladesh HC allows setting up factories in ‘Ecological Critical Area’ around Sundarbans

Bangladesh High Court has allowed setting up of factories near the Ecologically Critical Area (ECA) of Sundarbans. The court asked the government to provide environmental clearance to three companies for setting up LPG bottling plants in Mongla industrial area near the Sundarbans. In 1999, An area of 10 kilometres within the world’s largest mangrove forest at Sundarban was declared Ecologically critical area by the government but many industries have come up in this area over a period of time. continue reading…

FATF Asia-Pacific Group blacklists Pakistan

The Asia-Pacific Group of the global watchdog for terror financing and money laundering, Financial Action Task Force (FATF) has put Pakistan in the Enhanced Expedited Follow Up List (Blacklist) for its failure to meet its standards. Pakistan was non-compliant on 32 of the 40 compliance parameters of terror financing and money laundering. On 11 effectiveness parameters of terror financing and money laundering, Pakistan was adjudged as low on 10. continue reading…

Bangladesh – Russia sign deal for a lifetime supply of Nuclear fuel

Bangladesh signed a deal with  Russia for the supply of uranium for its 2400 MW Rooppur Nuclear Power Plant (RNPP). The deal was signed in Dhaka between the Bangladesh Atomic Energy Commission and Russian Nuclear Fuel Supply Company. Under this deal, Russia will supply the nuclear fuel needed for the plant during its entire life cycle. continue reading…

 

 

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Author: Chiranjit Mistry

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