Bangladesh Power Development Board (BPDB) and China Huadian Hong Kong Company Ltd (CHDHK) have signed a joint venture agreement to construct a 1,320 MW coal-fired power plant in Maheshkhali, Cox's Bazar, a district in the south-east of Bangladesh. The estimated cost of the project is US$2 billion.
Energy Finance & Investment News in Bangladesh
GCM Resources, a London-based resource exploration and development company, has announced that it has agreed a Contract Framework Agreement with China Gezhouba Group International Engineering Co. (CGGC) which awards CGGC the exclusive right for the engineering, procurement, construction, and commissioning of a proposed 2,000MW mine-mouth thermal power plant which is part of GCM's Phulbari Coal and Power Project in north-west Bangladesh.
Summit Power International has announced that its subsidiary Summit Corporation Limited has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation and its subsidiary Diamond Gas International to develop a LNG-to-Power project in Matarbari, Moheskhali, Bangladesh, which is expected to cost up to US$3 billion.
The Asian Infrastructure Investment Bank’s (AIIB) has announced that its Board of Directors has approved a loan of up to US$60 million for the Bangladesh Bhola independent power project, which involves the development of a greenfield 220 MW combined cycle power plant in Bhola island in the Barisal district of Bangladesh.
Rosatom, a Russian state corporation that specialises in nuclear energy, has signed a Memorandum of Understanding (MoU) with the Department of Atomic Energy of the government of India and the Ministry of Science and Technology of the government of Bangladesh regarding the development of the Rooppur nuclear power plant, to be located in the Pabna district of Bangladesh.
Indonesia’s state-owned diversified energy company PT Pertamina and Bangladesh Power Development Board (BPDB) have signed a memorandum of understanding (MoU) to develop an integrated gas project, comprising of a combined cycle gas turbine (CCGT) power plant with installed capacity of 1400 MW and a floating, storage and regasification unit (FSRU). The estimated total investment is US$2 billion.
The Asian Development Bank’s (ADB) Board of Directors has approved debt financing and partial risk guarantees totaling US$583 million to develop the Reliance Bangladesh Liquified Natural Gas (LNG) and Power Project.
Sembcorp has announced it has reached financial close on the 414 MW Sirajganj greenfield gas-fired power project in Bangladesh.
The private finance arm of World Bank, International Finance Corporation (IFC), has agreed to extend finance to build Bangladesh’s first LNG import terminal to Excelerate Energy Ltd.
MIGA, a member of the World Bank Group, continued its commitment to Bangladesh's power sector by announcing a guarantee of US$69.5 million for Standard Chartered Bank (SCB) and Siemens Bank's loans to North-West Power Generation Company Limited (NWPGCL), a state-owned power generation utility.
Scatec Solar signed a Memorandum of Understanding with the local A. K. Khan & Company to co-develop several large scale solar projects in different parts of Bangladesh.
IFC, a member of the World Bank Group, will provide US$165 million in debt financing to Sembcorp Utilities, a wholly-owned subsidiary of the Singapore-based Sembcorp Industries, to significantly expand power generation capacity in Bangladesh.
GCM Resources, a London based resource exploration and development company, has announced that a memorandum of understanding (MOU) has been agreed with China Gezhouba Group International Engineering Co. Ltd (CGGCINTL).
IFC, IFC Emerging Asia Fund, and EMA Power Invest $175.5 million in Summit Group to Grow Bangladesh’s Power-Generation Capacity
IFC, IFC Emerging Asia Fund, and EMA Power have invested US$175.5 million to finance local independent power producer, Summit Group's future power projects in energy-scarce Bangladesh.
The Government of Bangladesh has signed two deals concerning the 414 MW dual-fuel (gas and high speed diesel, HSD) combined cycle power plant in Sirajganj.
The Government of Bangladesh has recently announced that it has granted in-principle approval for the first phase of the 750 MW Liquefied Natural Gas (LNG) based power project and Floating Storage & Regasification Unit (FSRU) based LNG terminal, which will be built by Reliance Power in Bangladesh.
Marubeni Corporation is to construct the 400MW Bibiyana-III Gas Based Combined Cycle Power Plant in Bangladesh, for which the Japan Bank for International Cooperation signed a loan agreement.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, recently announced its backing of loans by Standard Chartered Bank and Siemens Bank GmbH to North-West Power Generation Company Limited, a state-owned power generation utility in Bangladesh.
SkyPower, the developer and owner of utility-scale solar projects, made a historic announcement unveiling its plans to build 2 GW of utility-scale solar energy over the next five years in Bangladesh, representing an investment of US $4.3 billion.
The Bangladesh Power Development Board (BPDB) has signed Memorandums of Understanding (MoUs) with Reliance Power to develop a 3,000 MW natural gas-based power plant and with Adani Power for a 1,600 MW coal-fired project.