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Economy

Japan consortium to build power station, port in Bangladesh

$4.5bn cost to be covered by JICA's largest-ever yen loan

Toshiba and Toshiba Plant Systems & Services will supply steam turbines.

TOKYO -- A consortium comprising five Japanese companies, including trader Sumitomo Corp., IHI, Toshiba and Penta-Ocean Construction, will build an advanced coal-fired power plant and a port in Bangladesh.

The Japan International Cooperation Agency will cover the estimated 500 billion yen ($4.51 billion) or so in costs in what will be the organization's largest yen loan.

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