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Energy

ADB approves $ 500 for BD power plant

The Asian Development Bank's (ADB) Board of Directors has approved a $500 million loan to develop a state-of-the-art 800 megawatt (MW) power plant in Khulna, Bangladesh, along with associated connections to natural gas and power transmission facilities. "In the face of rising demand for energy in a growing economy, the Rupsha power plant will be the first of its kind in Bangladesh, vastly increasing the availability of efficient and cleaner adb1energy," ADB Energy Specialist Aziz Yusupov was quoted as saying in a statement received on...

BD, Trafigura abandon LNG supply deal

Bangladesh and Swiss trader Trafigura have abandoned the preliminary deal for the supply of 200,000 Mcf/day of regasified LNG following delays in agreeing the terms of the SPA, including the LNG specification and the location for any potential dispute settlement, a senior Bangladesh official said late last week. Bangladesh was seeking to settle any potential dispute at the Bangladesh International LNGArbitration Center but Trafigura preferred Singapore, state-owned Rupantarita Prakrtitik Gas Company Ltd.'s Managing Director Mohammed Q...

Finnish Wärtsilä wins contract of 300MW power plant

Finnish technology company Wärtsilä has won a contract to supply equipment for a 300MW fuel oil power plant in Bangladesh from Summit Group. The contract has been given by Bangladesh-based energy company for which Wärtsilä will supply eighteen of its Wärtsilä 46 line of engines running on heavy fuel oil. wartsila-kodda-i-ii-signingUnder the scope of the contract, Wärtsilä will supply the engine sets and auxiliaries for the power plant to be built in Gazipur. The new power plant will...

Bhutan to supply hydropower to Bangladesh

Leaders of India, Bhutan and Bangladesh may soon formally sign and join hands to build a 1,125 MW hydropower project in Bhutan as trilateral memorandum of understanding (MoU) on this has been finalised by the three Asian countries. Bhutan would export the power to Bangladesh produced from this project, via India. Bangladesh plans to invest in the 1,125 megawatt Dorjilung hydropower project in Bhutan’s Lhuentse district. The Government of Bangladesh earlier approved $1 billion for investment in Bhutan’s hydropower. The project could boost Bhutan’s plan to become a hydroelectric power juggernaut and battery

Indonesia offers LNG supply to Bangladesh

Indonesia has offered to supply liquefied natural gas (LNG) to Bangladesh to meet its (Bangladesh) growing energy demand. The proposal came when Indonesian Ambassador to Bangladesh Iwan Wiranata-atmadja paid a farewell call on Prime Minister Sheikh Hasina at her Jatiya Sangsad office here on Sunday evening. After the meeting, PM's Press Secretary Ihsanul Karim briefed reporters. The Indonesian ambassador highly appreciated visionary and dynamic leadership of Prime LNGMinister Sheikh Hasina and said Bangladesh achieved stunning s...

Wärtsilä to supply 150 MW power plant to BD

Wärtsilä will supply a 150 MW Smart Power Generation plant to Ace Alliance Power Limited, a special purpose company owned by the Summit Group of Companies in Bangladesh. The order comprises eight Wärtsilä 50 and one Wärtsilä 32 engines. The contract includes the engineering and equipment (EEQ) with additional advisory services for the plant's installation, testing and commissioning, as well as on-site staff training. The equipment is scheduled to be delivered during the second half of 2017, and the plant is scheduled to be operational in early 2018. The order is booked in the first quarter of 2017. Both the population and economy are growing in Bangladesh, and a need for additional reliable power generation is evident. The new power plant will be built in Kodda in the Gazipur distric...
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