(EnergyAsia, March 24 2014, Monday) — The Japanese government said it will help Bangladesh build a coal-fired power plant as part of its provision of a new package of aid totaling US$1.18 billion for 2014.

The announcement was made last week following a meeting in Dhaka between visiting Japanese Foreign Minister Fumio Kishida and his Bangladeshi counterpart A.H. Mahmood Ali.

A Japanese foreign ministry official said the Official Development Assistance (ODA) aid package will support the development of five infrastructure projects, with the coal-fired power plant on Maheshkhali’s Matarbari Island listed as the most important. He did not provide details of the four other projects.

Japanese investments in Bangladesh’s fast-growing economy are expected to rise in the coming years.