India Set To Strike Power Deal With Bangladesh

Inserbia, Feb 27,’16

Bharat Heavy Electricals Limited has said that it will sign a contract with Bangladesh on February 28 for setting up a 2*660MW power plant in district Khulna at a cost of USD 1.6 billion. Exim Bank, the external lending arm of the Indian government, agreed to bear 70% funding of the project’s costs at a soft interest rate of around 1% above Libor – the leading global benchmark for pricing transactions.