Two UK–based companies have proposed an integrated initiative involving the development of Bangladesh’s power and railway sectors.
Top officials of IM Power Plc and TenBroeke Ltd. shared their interest with BIDA Executive Chairman Md. Sirazul Islam during a meeting on Thursday (Nov 28, 2019).
The two businesses proposed to form a joint venture to set up a 2X500MW plant for generating electricity at Payra port using imported LNG and to set up a transmission line between Payra, Dhaka, Chattogram and Cox’s Bazar. A portion of the power produced will then be used to electrify a railway track between Payra and Dhaka, besides being fed to the national grid.
“Bangladesh has reached sufficiency in power generation, but its integration with transmission and transport infrastructure has the potential to transform the south-west region,” said the BIDA chief.
An independent power producer can do more than provide power and make sure that markets can use power, said IM Power Chairman Gordon J. Dickie. “In other countries, we have put in desalination plants for fresh water and established extensive transmission lines to make sure that the power can go to where it is needed.
The companies have held meetings with the Honourable State Minister for Power, Energy and Mineral Resources Nasrul Hamid, Principal Secretary Md. Mojibur Rahman and Ministry of Railway Secretary Md. Mofazzel Hossain. A complete proposal will be submitted at the beginning of next year.
IM Power CEO Elena Baranova, Ten Broeke Co. Managing Director Paul E Tweedale, BlueMount Capital’s South Asia Director Mamunul H. Chowdhury were among officials present in the meeting. Read in Bangla…