The New Nation - Internet Edition

Staff Reporter

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

Out of the total American company investments, $45 million will go to the power plant project, which will provide uninterrupted power to enterprises operating in KEPZ and adjoining areas during peak and off-peak hours.

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

Moreover, the US 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 $25 million in a tyre industry in the same EPZ area, which will create employment opportunity for more than 300 local workers and six foreign nationals.