NTPC plans to bid for the 300 MW Siddhirganj gas-based power project, southeast of Dhaka, as the Bangladesh government is looking for an operation & management (O&M) operator.

An O&M contract is easier to implement than building a power project, and NTPC expects its presence in Bangladesh to make it eligible to bid in other markets, including developed countries. The company plans to execute this contract through its consultancy services division.

The World Bank is likely to extend USD 350 million loan to the Siddhirganj project.

(Sourced from Project Today)