New project for 450 MW power plant at Ashuganj has been approved by the ECNEC (Executive Committee of the National Economic Council) yesterday.
Prime Minister Sheikh Hasina was in the chair of the ECNEC meeting.
The estimated cost of the power plant project is Tk 3,400 crore. This will be a combined cycle power plant.
The Islamic Development Bank an the Asian Development Bank will provide $200 million and $228 million respectively.