An American-Saudi company owned by two members of the Saudi royal family is planning to construct two 450MW combined cycle power plants in Bangladesh. Energy Holdings International, Inc, based in Houston, will build the first plant in Bibiyana and the second in Fenchugang at an estimated cost of $200 million each, as stated in a press release from PRNewswire. Saudi Princes Abdullah Al-Saud and Bader Al-Saud, who are young entrepreneurs, are the co-owners of the firm. EHII has received inquiries from several companies expressing interest in participating in these projects and future developments in Bangladesh, including Siemens. According to the press release, the company is in discussions with Siemens to potentially become a partner and supply turbines. EHII Chairman John W Adair expressed 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 had shown interest in investing in Bangladesh's power and tourism sectors. During a meeting, he was presented with a Power Point presentation detailing investment opportunities in Bangladesh, including Public Private Partnership projects, tourism, power sector, and climate change challenges. 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 an interest in purchasing Sonargaon Hotel.