The first Nuclear Power Plant in Bangladesh is going to be built in private sector under a joint venture between Bashundhara Group and North American company NIC International Inc., aiming to contribute to National efforts for resolving acute electricity shortages.
A Memorandum of Understanding (MoU) was signed Sunday between the Bashundhara Group, country’s leading business conglomerate, and the NIC International Inc. here Sunday for setting up the planned mini-nuclear power plant.
With a capacity of 20 megawatts, the small-scale nuclear power plant will be set in Manikganj, company officials told banglanews at the deal-signing ceremony at the conference hall of East-West Media Group Ltd. (EWMGL) in Bashundhara Residential Area in the capital.
Renowned businessman and Bashundhara Group Chairman Ahmed Akbar Sobhan on behalf of the BG and Emily Robert Drwila, President of NIC International Inc., on behalf of the US company signed the comprehensive MoU that also incorporates three other joint ventures.
Under a second project stipulated in the umbrella deal, affordable laptop computers, net-book computers, touchpad, and electronic reader will be manufactured in Bangladesh.
Under a twin-scheme being undertaken by the two businesses, intravenous solution and IV solution transfusion administration set factories will be established.
The two units are cant-percent export-oriented enterprises aimed at creating ample employment opportunities for the locals apart from foreign-exchange earning and narrowing the trade gap between the USA and Bangladesh, the function was told.
“We have signed the memorandum of understanding and hope to take up the project for implementation soon,” said the BG Chairman, Ahmed Akbar Sobhan.
He noted that his business house came forward to help solve the ongoing power crisis in the country by setting up nuclear power plant and also took initiative to produce electronic products, a step forward towards expediting the digitalization process of Bangladesh.
The BG chairman said they are going to invest in the four new ventures aimed at ultimate welfare of the people and the country.
“The planned 20mw nuclear power plant (subject to approval from both the governments) will not address the total power demand but obviously be an example for other entrepreneurs to take forward step,” he told the function.
After getting approval from both the US and Bangladesh governments, the power plant will be put into operation within February next year.
Ahmed Akbar Sobhan expressed the hope that the projects would help narrow the trade gap between Bangladesh and the United States.
He thanked the US diplomats in Dhaka for lending all-out supports to the Bashundhara Group.
Addressing the programme, EWMGL chairman Mostafa Kamal Mohiuddin said, “I feel proud of thinking that laptop computers and electronic devices of high demand will now be produced in Bangladesh and will hit the mainstream western markets, paving up the way for employment and foreign-exchange income.”
He noted that this trade collaboration is not only meant for business but also a “symbol of friendly relations between the USA and Bangladesh”.
He also thanked James F Moriarty, the US ambassador in Bangladesh.
Political and Economic Counselor of the US Embassy Jon F Danilowic, NIC country representative Mahbubul Alam, Media Advisor of BG Abu Tayeb, Deputy Managing Directors of BG Mostafizur Rahman and Abul Kalam Azad, Kaler Kantha Editor Abed Khan, Daily Sun Editor professor Dr. Syed Anwar Hossain, Bangladesh Protidin Editor Shahjahan Sardar, Consultant Editor of banglanews24.com Moslem Uddin Ahmed, Media and Business Development Director of BG Col. Khandakar Abdul Wahed (retd.), chief adviser to BG chairman Mahbub Morshed Hasan and other high officials of BG and NIC were present at the signing ceremony.