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Orion Gr taps Dutch lender ABN AMRO to mobilise fund for two power plants
Wednesday, June 5, 2013
An agreement to this effect was signed Tuesday between Orion Group and ABN-AMRO at Orion House at Tejgaon in the city.
Under the deal, ABN-AMRO will mobilise funding to implement these coal-fired power generation projects of Orion Group by coordinating with the respective export credit agencies and international commercial banks.
Managing Director of Orion Group Salman Obaidul Karim and Erwin Boon & Arnoud Sprangers of ABN-AMRO signed the deal on behalf of their respective sides.
Orion Group Chairman Mohammad Obaidul Karim was also present at the deal signing ceremony.
Orion Group has selected ABN-AMRO as the lead bank to implement its 1320-mw coal-fired power plant projects from a pool of interested global banks, said a company official.
ABN-AMRO has assets worth over 404.608 billion euros and operations across the globe.
Inspired by past success, ORION has decided to use the highest quality equipment and highly experienced consultants to execute these coal projects within contractual timeframe, the official said.
Orion will utilise super critical technology to implement these coal-fired power generation projects.
GE of USA, Doosan of Korea, and Alstom of France have been selected as the original equipment suppliers (OEM) to implement these coal-fired power plant projects.
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