The UK government is to support investment by Rolls Royce Power Ventures in a power plant in Bangladesh. The Exports Credit Guarantee Department (ECGD) has decided to back an investment by Rolls-Royce of $9 million under its Overseas Investment Insurance Scheme. The scheme protects returns on investment against political risks.
The project involves a 10.9MW gas-fired power station owned by Meghna Energy Ltd, a subsidiary of Rolls Royce Power Ventures. The plant will supply power to a local cement factory as well as improving the power situation in Bangladesh, currently facing a generation shortfall.
