BD, Singapore sign deal for setting up power plant at Maheshkhali
10 December 2015, Nirapad News: Bangladesh and Singapore on Wednesday signed an agreement to set up a 700MW coal-fired power plant at Maheshkhali island.
State-owned Coal Power Generation Company of Bangladesh Limited (CPGCBL) signed a memorandum of understanding (MoU) with Sembcorp Utilities PTE Ltd, a state-owned Singaporean company, on behalf of their respective governments to install the power plant with equal share in the JV.
“This deal will be similar to the one existing between Dhaka and New Delhi in setting up Rampal coal-fired power plant,” said managing director of the CPGCBL Abul Quasem.
Under the deal, he said, the Singaporean company will start a feasibility study on the project and on its completion both will set up a joint venture company to install the project.
Quasem informed that the plant will be set up as part of the government’s mega plan to build power hub of about 9,000 MW.
Earlier, the Power Division signed an MoU with Singapore government’s entity International Enterprise to move forward with the project. As a follow-up approach to the previous MoU, the Sembcrop and CPGCBL signed the new deal.
The CPGCBL is now working to set up a 1200MW coal-fired power plant and ensure port facility for handling imported coals at Matarbari in Maheshkhali with financial support of Japan.
The proposed 700 MW power plant will be set up on a separate land in the same area of Matarbari plant.
State Minister for Power and Energy Nasrul Hamid, power secretary Monwar Islam, CPGCBL managing director Abul Quasem, Sembcrop chief executive Tang Kin Fei and other senior officials concerned of the two companies were present at the MoU signing ceremony.