Two members of the Saudi royal family who own an American-Saudi firm are planning 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, each costing an estimated $200 million, as stated in a press release by PRNewswire. The co-owners of the company are Saudi Princes Abdullah Al-Saud and Bader Al-Saud, both young entrepreneurs. EHII has received interest from other companies, including Siemens, to participate in these projects and future developments in Bangladesh. EHII Vice-Chairman Jalal Alghani mentioned that the company is in discussions with Siemens to potentially partner with them and supply turbines for the plants. EHII Chairman John W Adair stated in a letter to shareholders that the 450mw combined cycle plant is just the beginning of potential power plant opportunities in the country. In June, Saudi billionaire Prince Al-Waleed Bin Talal expressed interest in investing in Bangladesh's power and tourism sectors. He was presented with information on investment opportunities in Public Private Partnership projects, as well as challenges related to climate change. With a net worth of $18 billion, Prince Al-Waleed is currently ranked 29th on Forbes magazine's list of billionaires. His interest in Bangladesh dates back to 2005 when he considered purchasing Sonargaon Hotel.