The New Nation - Internet Edition

BUSINESS REPORT

Leviathan Global Corporation, an American company, expressed their interest to invest US$ 70 million to set up a 50 MW power plant and a tire industry in Karnaphuli Export Processing Zone (KEPZ).

The US company will invest US$ 45 million for the power plant which will provide uninterrupted power to enterprises operating in

Karnaphuli EPZ and adjoining areas during peak and off-peak hours.

Leviathan Global Corporation will install this plant on 6010.14 square meter of allotted space within the KEPZ. The plant will go into operation within two years.

The US company will also invest US$ 25 million in a tire industry in

KEPZ which will create employment opportunity for more than 300

Bangladeshi workers and six foreign nationals.

An agreement was signed in this connection yesterday (Sunday) at Bangladesh Export Processing Zones Authority (BEPZA) complex.