DHAKA, Oct 17 (Reuters) – Saudi Aramco and ACWA Power signed a deal with Bangladesh on Thursday to develop a 3,600-megawatt LNG-based power plant and terminal in the country.
As part of the deal, the Saudi companies will invest around $3 billion, the Bangladesh government said at a signing ceremony.
The Bangladesh prime minister’s investment adviser, Salman Fazlur Rahman, said the agreement “represented one of the largest deals in Bangladesh’s lucrative power sector” and reflected confidence in the country’s “investment-friendly environment.”
