Bangladesh firms plan 2 GW in new capacity

Private companies have responded to Bangladesh’s deregulation of electricity generation by planning to build 2 GW of capacity, according to the country’s Financial Express.

BSRM, the country’s leading steel maker, has submitted proposals for 300 MW in coal fired generation. The Beximco industrial group is reported to plan 540 MW generation capacity through linking up with an Australian power producer.

“Thirteen firms and their foreign partners have submitted proposals to set up 14 power plants in the country with the capacity to produce 2007 MW, which is one-third of the country’s present demand,” Mahboob Sarwar-E-Kainat, director-general of the power division of the Ministry of Power, Energy and Mineral Resources, told the paper.

Mahboob said all 14 plant proposals were submitted to the Power Cell ” the ministry’s power division ” before a 30 June deadline and would be approved “after we scrutinise their proposals in 15 days”.

The proposals follow the deregulation of the power sector to allow private firms to produce and distribute electricity. Under its Commercial Power Plants scheme the government guarantees to buy 30 per cent of power produced by the private sector.

For more market news stories click here

No posts to display