Portland Advisers has been appointed as financial advisor to Power Cell, Government of Bangladesh, to assist with the tendering and award of independent power projects as part of the government’s efforts to boost power generating capacity in the country which is experiencing severe power shortages.
Financial support for the long term financing of these IPPs is available from the World Bank Group through its partial risk guarantee programme and from export credit agencies. There is increasing interest from international IPP developers to participate in the Bangladesh power sector where an established contractual framework exists by virtue of two IPPs which were successfully tendered and closed in 2001.
