Sundarbans is the natural habitat of famous ‘Royal Bengal Tiger' and the halophytic mangrove forest in the world. Due to its natural flora and fauna, UNESCO recognized Sundarbans as World Heritage Site in 1997. This nature’s wonder is under threat because of a recently proposed 320-MW thermal power plant to be established near the Sundarban at Rampal. In 2010, the Bangladesh India Friendship Power Company Ltd, a Bangladesh-India joint venture between the state-run Power Development Board (PDB) of Bangladesh and India's National Thermal Power Corporation (NTPC), decided to set up the plant at Rampal at a cost of $1.5 billion; PDB and NTPC will implement the project on a 50:50 equity basis . Of the total project cost, 70 per cent will arranged through loans and the remaining 30 per cent will equally be shared by the PDB and NTPC . Land acquisition process was initiated in December 2010. Although the government is assuring that the coal-based project will be constructed using modern technology and will be less polluted, activists argue that as the power plant located very close to the Sundarban will certainly damage the natural habitat of Sundarban jungle .