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Japanesetobankroll$4.6bnBangladeshcoalfired
powerplants
NUCLEAR
Japanese
to bankroll $4.6bn Bangladesh coalfired power
plants
RENEWABLES
03/09/2015
SMARTGRIDT&D
ByDiarmaidWilliams
InternationalDigitalEditor
DISTGEN
CoalPowerGenerationCompanyBangladeshistoborrow$3.7bnfromtheJapan
BUSINESS
InternationalCooperationAgency(JICA)andtheBangladeshgovernmentinordertobuild
twocoalfiredpowerplantsaimedathelpingBangladeshresolveitspowershortageissues.
POLICY®
Thecompanyhasagreeda$4.6bndealtobuildtwo600MWcoalfiredpowerplantsonan
EDITORIALGUIDES
islandintheBayofBengal,32kilometresfromthebeachresortofCox'sBazar.
TwoJapanesecompanies,SumitomoCorpandMarubeniCorporation,havebidto
participateintheconstructionproject.
InBangladesh,dailyblackoutslastaslongasfivehours.Thecountryproduces8,000MW
ofelectricity,butdemandfarexceedssupply,withadailydeficitofupto1,500MW.
NasrulHamid,juniorministerforpower,energyandmineralresources,saidunlessthe
countrycanboostitsenergyproductionitwillfailtoachieveatargetofbecomingamiddle
incomecountryby2021.
ConstructiononthetwopowerplantsisscheduledtostartinMarch2016,withoperations
setforAugust2022.
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