AIIB Watch Cases

Status: Approved
Timeframe: 2017-2019
Area: Kutba Union, Burhanuddin Upazila, Bhola District, People’s Republic of Bangladesh
AIIB Investment Amount: US$ 60 million
Total Project Cost: US$ 271 million
Co-financier: Infrastructure Development Company Limited (IDCOL): US$ 30 million; Islamic Development Bank (ISDB): US$ 60 million

E&S Category: B

Project Details: This 220-225 Megawatt power plant is being constructed by public and private companies and is based on High Speed Diesel and Natural Gas.

Capacity: 220-225 MW
Construction Company: Nutan Bidyut Bangladesh Limited (NBBL)

Resettlement: According to the most recent project documents (January 2018), 68 households face land acquisition including economic resettlement. A smaller number of 5 households are forced to physically relocate entirely because of the project. It is reported that the affected people have already been compensated. The local farmers on the other hand state that they were forced to sell their land against a lower rate fixed by the buyers or in some cases, NBBL only grabbed the land without paying anything.

CSO reports and organizations monitoring: CLEAN

AIIB interactions to date: None

Further information: AIIB Page
 

Last update: 31.12.2023