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BAHRAIN,BANGLADESH : Kodda power plant likely to start by 2014
By 2014, a power plant will be set up at Kodda in Gazipur by the government in a joint venture with Bahrain in order to produce 750MW of electricity. The Rural Power Company Limited (RPCL) of Bangladesh and the Energy Fund Holdings Limited of Bahrain will come together for installation of a joint venture plant on 30 acres of land. The project is expected to cost around US$700 million, said, RPCL managing director Abdus Sabur.
According to Adbus Sabur, the work on the construction of the plant will start in January, 2012.
He said, 500MW gas turbine unit of the plant would commission on December, 2013 while another 250MW combined cycle unit would start operation on October, 2014.
A team comprising of of 4 to 5 members from Bahrain is expected to arrive in Dhaka for deciding on the deal and other necessary procedure by December this year, he said. Already, the Energy Fund Holdings Limited of Bahrain has mobilised loan for setting up the plant.
An amount of US $400 million will be provided by Islamic Development Bank (IDB) of Saudi Arabia and Malaysia would provide US$200 million and the balance will be derived from local sources.
Bahrain will own 55 percent of the equity of the plant and the balance 45 percent will go to RPCL. RPCL managing director said, 55 percent share of the plant will belong to Bahrain as they would mobilise the loan with high risks.
A meeting was held by the Power Division on installation of the power plant, which was headed by the State minister for power and energy Muhammed Enamul Huq, and was attended by Power Division secretary Md Abul Kalam Azad, Petrobangla chairman Prof Hossain Monsur, additional energy and mineral resources division secretary Md Abu Taher, Petrobangla director Dr Mollah Md Mobirul and other senior officers.
http://www.cospp.com/news/2011/08/14...t-by-2014.html
By 2014, a power plant will be set up at Kodda in Gazipur by the government in a joint venture with Bahrain in order to produce 750MW of electricity. The Rural Power Company Limited (RPCL) of Bangladesh and the Energy Fund Holdings Limited of Bahrain will come together for installation of a joint venture plant on 30 acres of land. The project is expected to cost around US$700 million, said, RPCL managing director Abdus Sabur.
According to Adbus Sabur, the work on the construction of the plant will start in January, 2012.
He said, 500MW gas turbine unit of the plant would commission on December, 2013 while another 250MW combined cycle unit would start operation on October, 2014.
A team comprising of of 4 to 5 members from Bahrain is expected to arrive in Dhaka for deciding on the deal and other necessary procedure by December this year, he said. Already, the Energy Fund Holdings Limited of Bahrain has mobilised loan for setting up the plant.
An amount of US $400 million will be provided by Islamic Development Bank (IDB) of Saudi Arabia and Malaysia would provide US$200 million and the balance will be derived from local sources.
Bahrain will own 55 percent of the equity of the plant and the balance 45 percent will go to RPCL. RPCL managing director said, 55 percent share of the plant will belong to Bahrain as they would mobilise the loan with high risks.
A meeting was held by the Power Division on installation of the power plant, which was headed by the State minister for power and energy Muhammed Enamul Huq, and was attended by Power Division secretary Md Abul Kalam Azad, Petrobangla chairman Prof Hossain Monsur, additional energy and mineral resources division secretary Md Abu Taher, Petrobangla director Dr Mollah Md Mobirul and other senior officers.
http://www.cospp.com/news/2011/08/14...t-by-2014.html