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Posco Wins Power Plant Deal in Bangladesh


South Korea’s Pulse News reported that Posco Engineering & Construction Co. (Posco E&C) landed a $834.2 million deal to build a coal-fired power plant and related facilities in Bangladesh. Posco E&C said it is working with a consortium led by Japan’s Sumitomo Corp. that intends to build two coal-fired power plants with a capacity of 600 megawatts (MW) each, 280 kilometers southeast of Dacca. It is the single largest coal-fired power plant project in southwest Asia and is expected to take about seven years to complete the entire construction. In the project, Posco E&C is assigned for civil engineering of the plants and construction of material handling facilities.

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