A unit of Power Construction Corporation of China, a state-owned infrastructure contractor also known as PowerChina, will design and strip Bangladesh's largest coal mine for about CNY7 billion (USD969.8 million).

PowerChina International Group inked the deal for the Phulbari coal mine with UK GCM Resources, Beijing-based PowerChina announced yesterday. The project includes the design of the mining infrastructure and overburden removal, procuring and installing stripping equipment, dewatering and drainage, ground production system, and sewage treatment, it added.

The contract has a four-year lifespan, including two years of overburden removal to expose the first coal for mining, with no warranty period, PowerChina noted. The Phulbari coal mine is located in Dinajpur district in northwest Bangladesh.

Established in 2009, PowerChina's main business includes infrastructure engineering and the construction and design of energy and power projects. It inked deals worth over CNY1.1 trillion (USD152.4 billion) last year, up 13.2 percent from a year earlier.

Shares of PowerChina [SHA: 601669] fell 0.2 percent to CNY4.97 (69 US cents) as of 10.35 a.m. in Shanghai today.

（Picture: Veer）