Etern to develop Bangladeshi grid in $1.1bn deal

China’s Jiangsu Etern Co Ltd has signed a four and a half year, $1.1bn deal to strengthen the Bangladeshi power grid network.

The news comes ahead of a visit to the country by Chinese President Xi Jinping and feeds into Xi’s "One Belt, One Road" plan, under which China is seeking to open new trade routes and markets as its economy slows.
Jiangsu Etern
Etern, which produces mainly cables and communications equipment, has had other deals in Bangladesh, including a winning bid for a power plant project for $304.6m in August.

Nearly two-fifths of Bangladesh's 160 million people do not have access to electricity, according to the World Bank.





Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...