L&T secures power project in Bangladesh
Construction major Larsen and Toubro (L&T), operating in over 30 countries worldwide, has entered the power segment of Bangladesh, securing orders to install a slew of transmission lines.
The project's scope will be to design, supply, install, test, and commission extra high voltage transmission lines on a turnkey basis to cater to the power demand in emerging load centres and the greater Dhaka region.
The orders have come under four categories, significant, large, major and mega, with values ranging between Rs 1,000 crore and above Rs 7,000 crore.
As cross border power connectivity has come up as a bridge for the India-Bangladesh relationship, India has already proposed investing more than Rs 65,700 crore, as of recent exchange rates in Bangladesh's power and energy sectors.
Reliance Power has already committed to setting up a 750 MW gas-based power project at Meghanahat near Dhaka. NTPC Vidyut Vyapar Nigam has entered into a pact for supplying power to Bangladesh from Tripura and Nepal. Adani Power has entered an agreement to supply 1,600 MW from its plant in Jharkhand to Bangladesh. DVC has already started exporting 300 MW to Bangladesh.
L&T said several projects are ready to begin, including the construction of the country's first nuclear power plant. The transmission projects would boost cross border electricity trade, the company said while elaborating on the new projects.
L&T project classification
Value (in Rs cr)
1,000 to 2,500
2,500 to 5,000
5,000 to 7,500