DHAKA: Singapore has joined hands with Bangladesh to set up a 14-Megawatt coal-based power plant in Matarbari in Cox’s Bazar district.

Bangladesh signed a Memorandum of Understanding (MoU) with Singapore on this matter on Wednesday (9th December).

Both the countries will finance 50% each in this project. They will also have same percentage of ownership on the plant.
 
Coal Power Generation Company of Bangladesh, a state-run organization and Sembcorp Utilities Ltd, the state-run organization of Singapore, will set up the plant as a joint venture.

According to the MoU, the plant will start power generation by 2022.

BDST: 1556 HRS, DEC 09, 2015
AIK/RS/RR