Plans for another FRSU with 17 mtpa regas capacity and an onshore LNG terminal show the government of Bangladesh “is clearly in support to boost its LNG supply,” Wood Mackenzie comments. Already, private capital is being attracted to this sector with Summit Power, Reliance Power and Petronet looking to invest in these terminals.
Japan’s Mitsui, together with its Bangladeshi consortium partner Coal Power Generation Company Bangladesh Ltd (CPGCBL), is developing a combined-cycle gas power plant in Matarbari, Cox Bazar. With a generating capacity of up to 600 MW, it will be the second government-led JV power project that will run on regasified LNG.
Reliance Power still faces uncertainty over the source of LNG supply for its 718-MW gas-fired power plant project in Bangladesh, and is awaiting a government decision on the matter. The Indian energy company is the first to build a power plant that will run on regasified LNG in neighbouring Bangladesh; but to operate the plant near full capacity Reliance needs around 110 million cubic feet per day (mmcf/d) of natural gas as fuel.
Reliance Power has signed a deal with Bangladesh Power Development Board (BPDB) for the first phase of a 750 MW, LNG-fuelled power project at Meghnaghat, near Dhaka in Bangladesh.
Larsen & Toubro commissioned two gas turbines at separate power plants in Bangladesh at the end of March.
Mitsubishi Hitachi Power Systems (MHPS) is to supply an M701F gas turbine to the Sirajganj thermal power plant project currently under way in Bangladesh.
Doreen Power, a privately-run utility in Bangladesh, has contracted MAN Diesel & Turbo to supply three 18V 48/60TS engines for a 56.7 MW baseload power plant near Dhaka. “48/60’s can be retrofitted to 51/60s without any major effort,” a MAN spokesman said, but cautioned about Bangladesh’s current gas supply constraints.
Sept 8 – Bangladeshi conglomerate Summit Group has joint forces with banks and EMA Power to raise $2.5 billion for setting up a LNG import terminal and several power plants with electricity generation capacity of 2,000 MW. It set up a project vehicle, Power International, that is partly owned by the International Finance Corporation, the IFC Emerging Asia Fund and EMA Power; the three parties dedicated $175.5 million in equity to the integrated LNG regas and power generation project.
India’s state-run North Eastern Electric Power Corporation (Neepco) has been forced to delay and downscale its combined-cycle gas power project at Monarchak after ONGC more than halved gas supply. This meant that the 500 MW project could only be realized based on a 65.42 MW gas turbine and 36.25 MW steam turbine – ready to start as and when there'll be fuel.
Aug 10 – Sembcorp North-West Power Company, a JV between Sembcorp and a state-run Bangladeshi power major, have agreed to set up a 414 MW power plant in Sirajganj at a cost of $412 million. Agreements were signed that cover power purchase, land lease, gas supply, fuel supply and implementation – paving the way for Bangladesh’s first public-private partnership project. The simple-cycle power plant is due to start up in June 2018, and will be converted to combined-cycle mode by December that year; its operational life-time is meant to be 22.5 years.