Comilla Union Consultants power plant

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On September 2011, Union Consultants PVT (India, 50 %) and Venture Energy Resources Ltd (Australia, 50 %) an independent power Producer, was signed a Build Own and Operate agreement with Bangladesh Power Development Board (BPDB) for the construction and operation for a 15 years term of a 50 MW, combined cycle (natural gas) power plant at Comilla. Under the BOO agreement, Lakdhanavi Ltd was to supply 50 MW of energy to BPDB for a term of 15 years. The remainder of the energy was to be sold to the public. Following the direct negotiation process, Lakdhanavi Ltd was awarded to set up a 50 MW combined cycle power plant at Comilla. The total project cost was 55 US millions. The project reached financial closure in September 2011 after BPDB's sources. The construction of the plant started on January 2012. sponsors missing in the data