A company owned by two members of the Saudi royal family, Energy Holdings International, Inc, is planning to establish 450MW combined cycle power plants in Bangladesh. The first plant will be built in Bibiyana and the second in Fenchugang, with an estimated cost of $200 million each, as stated in a press release by PRNewswire. Saudi Princes Abdullah Al-Saud and Bader Al-Saud, who are both young entrepreneurs, are the co-owners of the company. EHII has received interest from other companies, including Siemens, to participate in these plants and future projects in Bangladesh. EHII Vice-Chairman Jalal Alghani mentioned that the company is in discussions with Siemens to potentially become a partner and provide turbines for the projects. In a letter to shareholders, EHII Chairman John W Adair mentioned that the 450mw combined cycle plant is just the beginning of potential power plant opportunities in the country. Earlier in June, Saudi billionaire Prince Al-Waleed Bin Talal had expressed interest in investing in Bangladesh's power and tourism sectors. During a meeting, he was presented with information on investment opportunities in Public Private Partnership projects, as well as the tourism and power sectors, and the challenges of climate change. The Prince, who has a net worth of $18 billion and is ranked 29th on Forbes magazine's list of billionaires, had previously visited Bangladesh in 2005 with an interest in purchasing Sonargaon Hotel.