Bangladesh signs deal for 1320 MW coal-fired power plant

• 6 years ago (2018-05-07)
• David Flin

Asia 892 Coal 296

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The Bangladesh Power Development Board (BPDB) has signed a joint venture agreement with China Huadian Hong Kong Company Ltd (CHDHK) to construct a 1320 MW coal-fired power plant in Maheshkhali, Cox’s Bazar, Bangladesh at an estimated cost of $2 billion. Under the terms of the deal, a 50-50 joint venture will be set up within a month to start construction. The project is scheduled to be completed in 48 months.

Nasrul Hamid, Bangladesh State Minister for Power, Energy and Mineral Resources, said that Maheshkhali will be transformed into an energy hub over the next three to four years. He also said that the Power Division would be putting an emphasis on developing baseload projects. Hamid said that the Government would add 1000 MW of electricity to the network in May.

Fang Zheng, President of CHDHK said that this was an important project for the company, as it was their first investment in Bangladesh.