Discussions are going on to settle the details of the plants," said Mohammad Saiful Islam, a director of BPDB
Jalal Alghani, the Vice-Chairman, signed on behalf of EHII and BPDB
Secretary Azizul Islam on behalf of Bangladesh.
Rupert Soames, the Chief Executive Officer (CEO) of Aggreko Plc commented: "This is a win-win-win, with the BPDB
achieving significant reductions in its energy costs, the Bangladesh economy becoming less dependent on imported fuel, and Aggreko increasing its revenues from this important project.
Deputy Manager(Mechanical & Civil), Haripur 100MW Power Station, BPDB
Chairman Alamgir Kabir noted it was the first step in regional cooperation in energy, and in the future more interconnections might be built with Nepal, Bhutan and Myanmar to ensure greater energy security.
The Ministry of Finance of Bangladesh will provide an unconditional sovereign guarantee covering debt obligations of BPDB
under its loan agreements.
PGCIL Director Arun Kumar, and BPDB
Secretary Azizul Islam signed the agreement.
However, a senior BPDB
official, it would fail to do it as power purchaser Bangladesh Power Development Board (BPDB
) and Indian producer Oil and Natural Gas Corporation (ONGC) have still not signed the PPA.