Bergen Engines signs contract in Bangladesh

Bergen Engines has won a contract with the Abul Khair group in Bangladesh, backed by guarantee and loan from GIEK and Export Credit Norway. The contract involves the sale of eight gas engines and related services in the construction of a 75 MW gas-based power plant.

The power plant will supply the company’s steel production with stable electricity and is expected to be completed by 1 September this year. GIEK’s guarantee covers 90 percent of a loan issued by Export Credit Norway. HSBC acts as co-guarantor for the last 10 percent of the loan.