The nation has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets
Bangladesh signs deal with China's ZTE Corp for solar power plant
Bangladesh has signed deal with a Chinese firm to set up a solar power plant in Rangamati.
Published : 9 July 2017, 12:02 PM
Updated : 9 July 2017, 12:02 PM
The 7.4MW plant is expected to go to production in August next year, said the Bangladesh Power Development Board or BPDB.
ZTE Corporation will implement the Tk 770 million project, partially funded by the Asian Development Bank.
On Sunday, representatives from the BPDB and ZTE signed the agreement in Dhaka.
The BPDB said in a statement that the solar power plant is a part of the government's initiative to ensure 10 percent of the total power production from renewable energy sources by 2020.
RELATED STORIES
The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
While initial price spikes have faded since Russia's invasion of Ukraine, a widening of the conflict could cause them to intensify, the IMF says
Manufacturing output in February rose 5% year on year, slower than the 5.9% rise posted in the same month last year
