Larsen & Toubro (L&T) has signed a contract for setting up a gas-based power project in Bangladesh.
The 225 MW will come up at Sikalbaha, Chittagong in Bangladesh. L&T had secured the $200 million contract in May 2014.
Four development partners of the government of Bangladesh — Saudi Arabia, Kuwait, UAE and OPEC, will finance the project with a fund of approximately $167 million.
L&T’s scope includes design, detailed engineering, supply, installation and commissioning of the gas power plant on a turnkey basis. L&T-Sargent and Lundy, a subsidiary of L&T, will carry out the plant integration and detailed engineering.
This is the second gas-based power project secured by L&T in Bangladesh. L&T had recently secured a $280 million order for setting up a 360 MW Bheramara combined cycle power plant.