Chinese consortium to build $1.56bn coal-fired power plant in Bangladesh

WCN Editorial Team 31 Mar 2016 ASIA ENERGY & UTILITIES

Bangladesh-China Power Company (BCPCL) has signed a $1.56bn EPC contract with a Chinese consortium for a 1,320MW coal-fired power plant in Bangladesh.

BCPCL is an equal stake joint venture between North-West Power Generation Company of Bangladesh and China National Machinery Import and Export Corporation.

The Chinese consortium includes First Northeast Electric Power Engineering Company (NEPC) of China and China National Energy Engineering and Construction Company (CECC).

The plant will be located on a 397-hectare site at Payra in Patuakhali district, about 204km south of Dhaka, near Payra maritime port.

It will have two units of 660MW capacity each. The first unit is expected to supply electricity by April 2019, while the second one will start generation six months later.

The project is a part of Bangladeshi government's plan to construct a series of coal-fired power projects to produce 20,000MW electricity by 2030.

The EPC contractor is slated to arrange the project fund from the Chinese banking system as credit.

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