Ashuganj Power Station Company Ltd (APSCL) has signed a deal with a Chinese consortium for a 400 megawatt (MW) gas-fired combined cycle power plant.
The state-owned enterprise signed the engineering, procurement and construction (EPC) contract on Tuesday to construct the plant at a total cost of Tk 14.73 billion.
The Chinese consortium of China Technical Import and Export Corporation (CNTIC) and China National Corporation for Overseas Economic Cooperation (CCOEC) to implement a 400 megawatts (MW) would build the power plant by April, 2021.
The Asian Development Bank (ADB) and Islamic Development Bank jointly would provide loan worth US$327.57 million to implement the project.
Plant efficiency of the Ashuganj 400 MW CCPP (east) power plant project would be 58.76 per cent and cost per kilowatt is $408.64 to implement the plant.
Prime Minister’s energy adviser Dr Tawfiq-e-Elahi Chowdhury Bir Bikram was the chief guest at the deal signing ceremony in a city hotel.
State Minister for the Ministry of Power, Energy and Mineral Resources Nasrul Hamid, Chief Coordinator of SDG Affairs Abul Kalam Azad, Power Secretary Ahmad Kaikaus, BPDB chairman Khaled Mahmood and top officials of from the Chinese consortium also spoke.
Azizjst@yahoo.com