Bangladesh LNG power plant backed by $645m in Japanese lending

Public and private financing to support project part-owned by JERA

An LNG transport vessel. The power plant project is the first out Dhaka is the first one in the country that has received Japanese backing. © Reuters

SHIORI GOSO, Nikkei staff writer

July 15, 2020 06:14 JST

TOKYO -- A power plant in Bangladesh fueled by liquefied natural gas will receive 69 billion yen ($644 million) in loans from public and private Japanese lenders.

The funds will go toward a 718-megawatt plant owned partly by Japanese energy group JERA. The project represents the first time a Japanese enterprise participated in a Bangladeshi power facility.