Bangladesh Speeds up Nuclear Project to Cut India Dependency
Chief Adviser Bangladesh Muhammad Yunus delivers a speech at Al-Azhar University, Cairo. Image credit @ChiefAdvisorGoB
Transrail in Investors’ Note Claims Normalcy in Bangladesh Power Project
By S Jha
New Delhi, December 28: A private listed company in a note for investors has said that Bangladesh is pressing ahead with nuclear power project. The company stated that normalcy in project works has been restored after initial disruptions due to violent agitations.
“Transrail has been present in Bangladesh since almost a decade now. We have already completed three projects in the past and two more projects (funded by EXIM bank and ADB) are going to be completed by March, 2025,” said Transrail, an Indian infrastructure company, in a detailed note to investors.
It explained the significance of the river crossing projects, saying: “Bangladesh is developing a 2400 MW Rooppur Nuclear Power Plant (RNPP) which will be a major step in its efforts to diversify its energy sources and reduce dependency on fossil fuels and also the dependency on India to import its power needs”.
“This plant is expected to be operational soon in a phased manner, with various stages of construction and installation of critical components being completed. In order to evacuate power from this mega plant, there are more than seven packages of Power Transmission which has been majorly funded by EXIM / GoB and many leading companies like Tata Power, L&T, KEC along with Transrail are working on it and many of the projects are completed making the River crossing project is a very critical link in the power evacuation lines,” added Transrail in the note.
It stated that “the timely completion is essential for the effective use of the Ruppur plant and will act as a major infrastructure which will help the country to reduce its reliance on outside sources”.
Transrail has received close to $31.8 million from August this year till November 4, 2024. “This is a testimony that the government and the client are putting this particular project on their high priority and supporting the execution,” added the company in the note.
The company said “Transrail is currently executing three lots of River Crossing projects. Lot-1 & Lot-2, which is funded by Government of Bangladesh. Lot 3 is being executed under JV with ITD Cementation India Limited funded by EXIM Bank of India. All these projects are in full swing”.
It also stated that the “following the intense student-led protests against the government’s quota system for public sector jobs, Bangladesh saw a change in the Government which is now lead by Muhammad Yunus. After the initial unrest, the ground situation has normalized and all sites, including the capital of Dhaka are currently safe to work”.
Join the WhatsApp Channel of The Raisina Hills
Follow on Google News https://news.google.com/publications/CAAqBwgKMNK2vwsw39HWAw?hl=en-IN&gl=IN&ceid=IN%3Aen
About The Author
