Energypac Power Generation yesterday signed an agreement with Bangladesh Economic Zones Authority (Beza) to avail land at Bangabandhu Sheikh Mujib Industrial City in Chattogram’s Mirsarai for setting up a Tk 398.9 crore steel processing facility.
Once completed, Energypac Steel will specialise in steel processing and manufacturing shipping containers, said a statement yesterday.
Mohammed Ayub, executive member of Beza, and Rabiul Alam, chairman of Energypac Power Generation, signed the agreement at the former’s office in Dhaka.
“As a local player, Energypac has heavily invested in the energy and engineering sector opening up new business opportunities and creating employment,” said Alam.
“We believe this is a timely investment which has immense possibilities as Bangladesh is setting examples in maintaining consistent economic growth over the past decade,” he said.
Paban Chowdhury, executive chairman (secretary) of Beza, amd Md Harunur Rashid, an executive member, were present.