Cabinet okays Moheshkhali power plant deal draft
The cabinet yesterday approved a draft agreement under which Bangladesh and Malaysia will set up a 1,320 mega watt capacity coal-based thermal power plant at Moheshkhali in Cox's Bazar.
The plant will be a 50-50 joint venture between Bangladesh Power Development Board and a consortium of two Malaysian companies Tenaga Nasional Berhad and Powertek Energy Sdn, Bhd, Cabinet Secretary M Shafiul Alam told the press after the cabinet meeting at Bangladesh Secretariat.
The cabinet also approved in principle the draft of "The Bangladesh Standards and Testing Institution Act-2016", aiming to update and standardise the existing law and make it more time befitting.
As per the proposed law, if anyone produces and markets goods without having the BSTI licence, they would face a two years' imprisonment and a fine of Tk 1 lakh. The draft law has been modified incorporating new ideas and standardising the existing law in line with international standards, the cabinet secretary said.
The cabinet also approved the drafts of the "Bangabandhu National Agriculture Award Trust Act-2016", "Bangladesh Patent Act-2016", "Bangladesh Wheat and Maize Research Institute Act-2016", and "Bangladesh Atomic Energy Commission Act-2016".
It also approved a proposal for signing agreements between Kuwait and Bangladesh for deputation of Bangladesh's armed forces to Kuwait and mutual exemption of prior entry visas for holders of diplomatic, special and official passports.
Another proposal was endorsed for signing an agreement between Bangladesh and Saudi Arabia on cultural cooperation.
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