PDB signs Tk 3,500cr contracts with 3 cos

Five peaking power plants
PDB signs Tk 3,500cr contracts with 3 cos
The Power Development Board on Monday signed contracts worth around Tk 3,500 crore with three companies for the installation of five peaking power plants with a combined generation capacity of 420MW.
The PDB signed two contracts with a local consortium of Energypac Power Generation Ltd and Energypac Engineering Ltd for the installation of a 50MW furnace oil-based plant at Faridpur and a 100MW plant at Gopalganj.
The turnkey contract for the Faridpur plant is worth about Tk 383.54 crore and for the Gopalganj plant Tk 693.08 crore.
The PDB signed two agreements with a Chinese company, the Guangdong Power Engineering Corporation, for the installation of two 100MW dual-fuel (gas or furnace oil) plants in Hathazari at a cost of Tk 908.74 crore and in Dohazari for Tk 971.69 crore.
The PDB also signed an agreement with South Korea’s Hyundai Heavy Industries for installation of a 70MW plant at Bera in Pabna at a cost of Tk 484.68 crore.
The companies, as per the agreement, will complete installation of the plants by 15 months.
Prime minister’s adviser Tawfiq-e-Elahi Chowdhury, state minister for power and energy Md Enamul Haque, state minister for home affairs Shamsul Haque Tuku, power secretary Md Abul Kalam Azad, British High Commissioner Stephen Evans, South Korean Ambassador Cho Tai-young and PDB’s chairman ASM Alamgir Kabir were present while the contracts were being signed at Bidyut Bhaban.
Enamul hoped that the companies would be able to complete installation of the plants in the specified time.
Tawfiq claimed that it was the first time that any government in Bangladesh had signed contracts worth around $1 billion for installation of power plants in 14 months.
The PDB is expected to sign contracts for four other peaking power plants with Energypac and a joint venture of three Chinese companies.

Courtesy of NewAge