Ministry mediation sought for dollar to avoid default
Dhaka, April 26 -- A Bangladesh-China joint venture that implemented the 1,320-megwatt thermal power-plant project in Patuakhali continues entreaty for finance ministry's intervention to get US dollars for timely loan repayment to a Chinese bank.
Sources say a severe dollar dearth in Bangladesh has caused serious disruptions to the repayment of loan instalments of various development projects.
And repayment of loans by the Bangladesh-China Power Limited (BCPCL) management to the Chinese ExIm Bank has been inordinately delayed as such.
BCPCL is a joint venture between Bangladesh's North-West Power Generation Company Limited (NWPGCL) and China National Machinery Import and Export Corporation (CMC).
Due to repeated delays in paying insta...
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