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.
Under the approval, first phase of the 750 MW LNG power plant will be set up at Meghnaghat (Narayanganj district), around 40 km South-East of Dhaka along with the FSRU terminal at Maheshkhali Island in Cox’s Bazar district of Bangladesh.
The LNG power plant land at Meghnaghat will be provided by Bangladesh Power Development Board (BPDB). Moreover, FSRU based LNG terminal will supply Re-gasified LNG for the power project and additional Re-gasified LNG to PetroBangla.
This combined cycle power project will involve the largest foreign direct investment in Bangladesh with a potential investment of over US$1.3 billion.
First Phase will be commissioned in 24 months from the zero date, in 2018-19 and can power the country’s rising demand for electricity and will provide clean and green power contributing to the Bangladesh’s goal of energy security.
Reliance Power is proposing to install the world-class equipment procured from internationally reputed equipment suppliers for combined cycle power project at Samalkot in Andhra Pradesh, including advanced class 9FA machines supplied by GE, in the proposed project at Bangladesh. This will help set up the project on a fast-track basis.