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Construction of the main plant at
Chhatak is complete while the
long belt conveyor has already been
completed. The project has commenced
commercial production of clinker and
cement.
The project has a 30 MW captive
power plant that ensures
uninterrupted energy supply.
Besides Lafarge and Cementos Molins
as major sponsors, the equity
partners are Asian Decelopment Bank
(ADB), International Finance
Corporation (IFC), and Islam Group
and Sinha Group from Bangladesh. The
financiers to the project include
Asian Development Bank (ADB),
International Finance Corporation (IFC),
German Development Bank (DEG),
European Investment Bank (EIB), the
Netherlands Development Company (FMO)
and local Standard Chartered Bank
and Arab-Bangladesh Bank. |