Larsen & Toubro (L&T) and Bangladesh Power Development Board (BPDB) have signed a contract to set up a 225 megawatt (MW), gas-based power plant in Sikalbaha, Chittagong in Bangladesh. The contract, which is valued at about $200 million, was secured by L&T in May, 2014.
Four development partners of Government of Bangladesh from the Middle-East (Saudi Arabia, Kuwait, UAE and OPEC Fund) will finance the project with a fund of approximately $167 million. L&T's scope includes design, detailed engineering, supply, installation and commissioning of the power plant on a turnkey basis. L&T -Sargent and Lundy, a subsidiary of L&T, will carry out the plant integration and detailed engineering.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.