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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

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.

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