Siemens has signed a joint development agreement with Bangladesh’s state-run North-West Power Generation Company to develop a 3600 MW power plant at Payra in southern Bangladesh. The plant will run on regasified LNG. It will be the largest power plant in the country, and will cost around $3 billion to build.
Khurshedul Alam, Managing Director of NWPGCL, said that the project will adopt an integrated approach to LNG sourcing, procurement, transportation, re-gasification and delivery to plant, electricity generation, and supply to the national grid. Alam said that NWPGCL has acquired 100 acres of land for the power plant, adhacent to the 1320 MW Payra thermal power plant currently under construction.
The first 1200 MW phase of the gas-fired power plant is scheduled to be commissioned by December 2021, and the second 2400 MW phase by December 2022.