GCM, NFC, PowerChina plan 6 GW of coal-fired power projects in Bangladesh
London-based GCM Resources has signed a framework agreement with China Nonferrous Metal Industry's Foreign Engineering and Construction (NFC) to develop the Phulbari project in North-West Bangladesh, which comprises 572 Mt of high grid coal resources. In addition, partners plan to develop mine-mouth power plants generating 6 GW. GCM Resources and NFC had already signed a Memorandum of Understanding with Power Construction Corporation of China (PowerChina), which may join the framework agreement.
Coal accounts for 3% of Bangladesh’s installed capacity, with 500 MW (2019). More than 5.6 GW are under construction and 11.4 GW under development.
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