The New Nation - Internet Edition

MARUBENI CORP has clinched an order valued at 2.6 billion yen (US$23.59 million) for repairing and installing parts at a hydroelectric power plant in Bangladesh.

The Bangladesh Power Development Board placed the order for repairs to the Karnaphuli Power Plant located 50km east northeast of Chittagong.

The country's only hydroelectric power plant, the Karnaphuli facility is more than 20 years old and is slated to have two of its five sets of turbines and generators replaced.

When it was first built, the power plant could generate 230,000kw of electricity, but now it is thought to produce 20 per cent less than that.