North-West Power Generation Co Ltd and China National Machinery Import and Export Corporation (CMC) yesterday signed an agreement to set up a peaking power plant to produce 150 megawatts of electricity.
According to the agreement, the Chinese company will install the plant at Soydabad in Sirajganj at a cost of Tk 962.5 crore.
The plant scheduled to be commissioned in May 2012 will primarily use natural gas as fuel and alternatively high-speed diesel (HSD) for generating power.
The Bangladesh government and Asian Development Bank will jointly finance the venture.
Toufiq-e-Elahi Chowdhury, an adviser to the prime minister, who attended the signing ceremony, said the government has signed agreements with different companies, agencies and departments to produce a total of 2,500MW of electricity.
“We will sign more agreements with other companies by the end of the year to produce another 1,500MW of power,” he said.
State Minister for Power Enamul Haque asked the Chinese company to maintain high standards of workmanship in the project’s implementation, which will help uphold the image of China.
Zhang Xianyi, Chinese ambassador, said he could see a lot of investments coming to Bangladesh, but the energy sector remains the bottleneck.
