Private ventures shared 66 per cent of 4263MW installed capacity of the country’s power generation enhancement in 2018, said the top officials of the power division on Thursday, hoping that the private sector would take the lead in country’s power development.
Addressing the signing ceremony for the implementation of 583MW Meghnaghat II Combined Cycle Power Plant, they said that private initiatives were crucial to introduce modern and efficient technologies and hailed it for channeling more investment in the power sector.
Agreements on power purchase, land lease, fuel supply and implementation of the project were signed at Mukti Auditorium of Bidyut Bhaban in Dhaka.
Bangladesh Power Development Board secretary Shaiful Islam Azad, chief engineer Mahbubur Rahman, Summit Meghnaghat phase-two CCPP managing director ANM Tarekur Rahman, additional managing director Faisal Karim Khan, power division’s joint secretary Sheikh Foyzul Amin, Power Grid Company of Bangladesh secretary Md Ashraf Hossain, Titas Gas Transmission and Distribution Company secretary Md Monir Hossain, Bangladesh Petroleum Company secretary Kazi Mohammad Hasan, General Electric South Asia’s gas power systems chief executive officer Deepesh Nanda and General Electric’s gas power chairman John Rice signed the agreements on behalf of their organisations.
Implementation of the power plant would cost $510 million, said Ayesha Aziz Khan, managing director of Summit Power International.
The plant is expected to be commissioned by March 2022 and would sell per unit power at Tk 2.176 at current gas price.
The plant with 9HA gas turbine would generate equivalent electricity needed to supply up to seven lakh homes in the country, said Ayesha.
The chief guest of the event, Tawfiq-e-Elahi Chowdhury, the energy adviser to the prime minister, expected that the power plant would be operational in due time.
US ambassador to Bangladesh Earl R. Miller expected a timely approval of all necessary papers so that 2400MW Matarbari power project implementation would be launched soon.
Summit, Mitsubishi and General Electric have planned to invest $3 billion in Bangladesh for the power project.
Power division senior secretary Ahmad Kaikaus, energy and mineral resources division secretary Abu Hena Md Rahmatul Muneem, Petrobangla chairman Ruhul Amin, BPDC Chairman Khaled Mahmood and Muhammad Aziz Khan, founding chairman of Summit Group, also spoke.
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