China National Machinery Import & Export (Group) Corporation
|This article is part of the CoalSwarm coverage of China and coal|
China National Machinery Import & Export (Group) Corporation, also known as CMC was established in 1950, and in 1998 it became a subsidiary of China General Technology (Group) Holding Co. Ltd., a state-owned enterprise. CMC has established overseas subsidiaries in Pakistan, Bangladesh, Vietnam, Indonesia, Sri Lanka, Turkey, and Luxembourg.
In March 2014 CMC signed a Memorandum of Understanding with North-West Power Generation Company, a state-owned entity in Bangladesh, to build a 1320 MW coal plant in Kalapara upazila of Patuakhali, Bangladesh. The project will be located on the Rabnabad river bank near Paira Bandar. The estimated cost is $2 billion. From the initial press announcements, it is not clear whether the joint venture building the Kalapara power station is between North-West Power Generation and CMC or between North-West Power Generation and CMC Bangladesh.
Articles and resources
- "Company Overview," China National Machinery Imp. & Exp. Corp. website, accessed May 2014
- "CMC Machipex Sd. Bhd.," China National Machinery Imp. & Exp. Corp. website, accessed May 2014
- "1,320MW coal-based power plant to be set up in Patuakhali," DhakaTribune, 20 March 2014