Solar Power Plant Planned in Sirajganj

dhakatribune.com, Aug 30,’16

North-West Power Generation Company Limited (NWPGCL) is going to set up a 7.6MW solar power plant in in dist. Sirajganj, Bangladesh. The company has already sent a development project proposal to the executive committee of the national economic council for approval. Power Point Korea has been selected as a contractor for the project. It has sought approval from the Planning Ministry for the proposed project. Soon after getting approval, it will start construction work on the plant. The Sirajganj plant will be set up on 23.75 acres of land that would cost US$16.02 million. The contractor will build the proposed power plant by June 2018.

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UK keen to Invest in Padma Bridge Rail Link, Payra port

dhakatribune.com, Aug 05,’16

As a part of its investment in Bangladesh, the United Kingdom (UK) has shown keen interest to invest in Padma Bridge rail link and Payra port. The rail link will stretch from Padma bridge to Kuakata. Further, UK will also withdraw Dhaka-London direct cargo ban soon.

Medtronic to Expand Footprint in Bangladesh

Thedailystar,Apr 11,’16

Medtronic, a global medical technology development company, plans to expand its business in Bangladesh to cater to the growing healthcare industry. It is in the process of setting up a dedicated legal entity in Bangladesh.

Aavishkaar Announces Its First Investment in Sri Lanka with MA’s Foods

Indiainfoline, Apr 08,’16

Aavishkaar, one of the world’s leading impact investor, marks its first foray in Sri Lanka with an investment in Ma’s Foods. The South & South-east Asia focused Aavishkaar Frontier Fund has agreed to invest LKR 300 million in MA’s Foods, Sri Lanka’s premium food processing company. This investment will enable MA’s Foods to accelerate its new phase of growth, expand into the North of Sri Lanka and meet its strategic plan objectives. For Aavishkaar, this is the second investment from its Aavishkaar Frontier Fund (AFF), a regional fund which invests in Sri Lanka, Bangladesh, Indonesia and Pakistan.

Linde Breaks Ground for Largest Liquid Producing ASU in Bangladesh

Gasworld, Apr 06,’16

Linde Bangladesh, part of Tier One player The Linde Group, has officially started construction of the company’s new air separation unit in Rupganj. The plant, costing an estimated $15m, is expected to be completed in 2017 and will produce approximately 100 TPD of liquefied gases – making it the largest liquid producing ASU in Bangladesh.

A state-of-the-art cylinder filling site at Rupganj will also be built to provide a wide range of cylinder products across various market segments. Linde will design, build and manage the Rupganj plant which will provide liquefied gases supply and related solutions to Bangladesh’s growing healthcare, food and beverage, pharmaceutical and shipbuilding industries.