BD-China joint venture to create 1320 MW power plant

Bangladesh and China would install a 1,320- MW coal fired power plant in joint venture at Payra.

The initiative has been taken as part of government’s plan to bring all people under electricity network.

“The government is very much optimistic to bring the entire country under full power coverage by 2021 and we have undertaken various projects to ensure energy security in the country,” State Minister for Power, Energy and Mineral Resources Nasrul Hamid told reporters at Dhaka on Saturday.

He said power plant would be installed in the vicinity of Payra seaport by the state-owned Rural Power Company Limited (RPCL) and Chinese state-owned Norinco International Ltd.

According to the profile of the project, this would be a two-unit ultra super critical cola fired power plant costing $ 2 billion with 50:50 share equity.

The first unit having generation capacity of 660-MW would come into operation in 2022, while the second unit would go for generation in 2023, the project details said.

Nasrul said the government has a target to achieve 24,000-MW electricity generation capacity by 2021 aimed to improve living and livelihood condition of the poor and other vulnerable communities.

Source: The Daily Ittefaq

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