Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / World News / India may beat China to seal Bangladesh power project
  • World

    India may beat China to seal Bangladesh power project

    Achin Garg
    Written by
    Achin Garg
    Mail
    Last updated on Feb 22, 2016, 01:05 pm
    India may beat China to seal Bangladesh power project
    Credits:
  • India's state-run Bharat Heavy Electricals Limited is likely to win a contract to build a $1.6 billion power plant in Bangladesh.

    This comes as a major relief to India as it is set to replace China to earn the bid.

    India has long suspected Chinese interference through its 'String of Pearls' strategy which involves strategic investments in ports and other projects in India's backyard.

  • In this article
    What is String of Pearls? Projects along the 'String of Pearls' Dhaka prefers Japan over China Bangladesh's power woes Bangladesh seeks $13 billion loan for power sector India may beat China to seal Bangladesh power project Environmental constraints remain
  • String Pearls

    What is String of Pearls?

    What is String of Pearls?
    Credits:
  • "String of Pearls" is a term coined in 2005 by US consultancy firm Booz Allen Hamilton.

    According to it, China would expand its naval presence in the Indian Ocean Region by building civilian infrastructure.

    The string represents the area extending from Southern China to Africa and West Asia, from where China imports its energy resources, and pearls denote Chinese installations such as ports.

  • Information

    Projects along the 'String of Pearls'

  • China has been developing various projects in India's neighbourhood including the Hambantota port in Sri Lanka, Gwadar port in Pakistan, Chittagong project in Bangladesh, a naval base in Djibouti, etc.

  • 10 Sep 2015

    Dhaka prefers Japan over China

    Dhaka prefers Japan over China
    Credits:
  • Bangladesh may drop the $8 billion deep-water port project at Sonadia being negotiated with China and instead, opt for Japan's proposed seaport project at Matabari.

    Japan has offered cheap funding for the Matabari project complex which also has power plants and an LNG terminal.

    The decision comes as a setback to China which is expanding its footprint in the region through the 'String-of-Pearls' initiative.

  • Information

    Bangladesh's power woes

  • According to the World Bank, Bangladesh faces a severe power shortage with 40% or 65 million out of a population of 160 million not having access to electricity.

  • 3 Nov 2015

    Bangladesh seeks $13 billion loan for power sector

    Bangladesh seeks $13 billion loan for power sector
    Credits:
  • To augment power generation, transmission and distribution facilities to address the power deficit in the nation, Bangladesh is seeking huge investments in its power sector.

    The $13 billion investment will add 24,000 MW capacity by 2021.

    Bangladesh is already negotiating cheap long-term loans from the Chinese Exim bank, China's external investment arm, for the implementation of such projects.

  • 22 Feb 2016

    India may beat China to seal Bangladesh power project

    India may beat China to seal Bangladesh power project
    Credits:
  • India's state-run Bharat Heavy Electricals Limited is likely to win a contract to build a $1.6 billion power plant in Bangladesh.

    This comes as a major relief to India as it is set to replace China to earn the bid.

    India has long suspected Chinese interference through its 'String of Pearls' strategy which involves strategic investments in ports and other projects in India's backyard.

  • 22 Feb 2016

    Environmental constraints remain

    Environmental constraints remain
    Credits:
  • The 1320MW thermal power plant in Bangladesh will be built by BHEL and funded at low rates by India's Exim Bank, which is a government-owned bank for India's external investment.

    This would be the largest power project by an Indian company abroad.

    However, the challenges still remain as environmental activists may oppose the project, owing to its impact on the Sunderbans mangrove forests.

Latest News
  • Muthoot Finance shares drop to two-month low after chairperson's death
    Muthoot Finance shares drop to two-month low after chairperson's death
    Business
  • Nita Ambani releases ladies-only social networking app called HerCircle
    Nita Ambani releases ladies-only social networking app called HerCircle
    Science
  • Reddit hires former Snap executive Drew Vollero as first CFO
    Reddit hires former Snap executive Drew Vollero as first CFO
    Business
  • This is how Ola's electric scooter will look like
    This is how Ola's electric scooter will look like
    Auto
  • Anushka Sharma, daughter's beautiful picture surfaces, courtesy father Virat Kohli
    Anushka Sharma, daughter's beautiful picture surfaces, courtesy father Virat Kohli
    Entertainment
Trending Topics
National Aeronautics and Space Administration Coronavirus
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love World news?

Subscribe to stay updated.

World Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Twitter Indian Premier League Samsung Virat Kohli
Rohit Sharma Cricket News Narendra Modi Facebook YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga
Saif Ali Khan Honda Batman Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore
Toyota Fashion Tips Amit Shah Mercedes La Liga Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV
Vinesh Phogat Marvel Comics Avengers Neha Kakkar
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021