An American-Saudi company, owned by two members of the Saudi royal family, plans to establish 450MW combined cycle power plants in Bangladesh. Energy Holdings International, Inc, based in Houston, will construct the first plant in Bibiyana and the second in Fenchugang, with each plant estimated to cost $200 million. The company, co-owned by Saudi Princes Abdullah Al-Saud and Bader Al-Saud, has received interest from other companies, including Siemens, to participate in these projects and future ventures in Bangladesh. EHII is currently in discussions with Siemens to potentially partner and provide turbines for the plants, as stated by EHII Vice-Chairman Jalal Alghani in a press release by PRNewswire. In a letter to shareholders, EHII Chairman John W Adair stated that the initial 450mw combined cycle plant is just the beginning of potential power plant opportunities in the country. Back in June, Saudi multi-billionaire Prince Al-Waleed Bin Talal had expressed interest in investing in Bangladesh's power and tourism sectors. Following a meeting, the Prince was given a Power Point presentation outlining investment opportunities in Public Private Partnership projects, as well as challenges related to climate change in the tourism and power sectors. With a net worth of $18 billion, Prince Al-Waleed is currently ranked 29th on Forbes magazine's list of billionaires. He had previously visited Bangladesh in 2005 with intentions to purchase Sonargaon Hotel.