Independent power producer HF Power, part of Hosaf Group, has placed an order for Wärtsilä to deliver a 113 MW power plant to Chowmuhoni, Bangladesh. The government is committed to providing a reliable electricity supply to industrial and domestic consumers. For example, only 76% of the country’s houses were connected to the grid in 2016, and the government’s explicit aim is to increase this share to 98% by the year 2021.
Bangladesh has become the first new LNG importing nation in 2018 with the arrival of Excelerate Energy’s FSRU Excellence at Moheshkhali Port on April 23, carrying a commissioning cargo from Qatar. “Bangladesh suffers from two crippling energy shortages: electricity and gas. This is the first step of a significant ramp up of LNG.” commented Wood Mackenzie's director of gas and LNG research, Nicholas Browne.
Crippling gas supply shortages will soon be a thing of the past in Bangladesh as the country is about to start importing LNG, with the first cargo scheduled to arrive by mid-April. Though LNG imports will bring some relief, increases in gas-fired power generation capacity are likely to be limited to 1.0 GW in 2018, and 1.4 GW in 2019.
Finland’s technology group Wärtsilä has signed an equipment delivery contract for a 105 MW power plant under construction by Baraka Shikalbaha Power, a private-sector energy provider and subsidiary of Baraka Group. The order was signed this week when Wärtsilä celebrated 20 years of supporting the development of the energy sector in Bangladesh.
Summit Power, the largest independent power producer in Bangladesh, has signed a memorandum of understanding with Japan’s Mitsubishi and Diamond Gas to jointly develop a $3 billion LNG-to-power project at Matarbari. The project includes a regas terminal and a two-unit gas combined-cycle power project with a total capacity of 2,400 MW.
March 1 – Asian Infrastructure Investment Bank (AIIB) has agreed to provide a loan of up to $60m for the development of Bhola Independent Power Producer (IPP), a greenfield 220MW combined-cycle power plant located in Bhola island in the Barisal district of Bangladesh, India. The CCGT will be developed by ShapoorjiPallonji Infrastructure Capital company through NutanBidyut, a special purpose vehicle.
Feb 26 – Summit Power International is preparing to list on the Singapore Stock Exchange (SGX) by April as it seeks to raise funds to invest in assets across Asia. Summit Power is likely to be the first Bangladeshi firm to get listed at SGX. It has appointed Citigroup, DBS and UBS as global coordinators.
Fast-track delivery of six Wärtsilä engines for a 100-MW power plant in the Gazipur Industrial Zone helps alleviate regional power shortages in Bangladesh. The order has been placed by China-based Hubei Electric Power Survey & Design Institute.
Darshan Hiranandani, the head of H-Energy, has forged a joint venture with the Japanese shipping company Kawasaki Kisen Kaisha, known as K-Line, striving to import LNG for power generation and industry customers in the Indian state of West Bengal and neighbouring Bangladesh. To that end, an FSRU is meant to be deployed in the offshore Digha region – the first facility on India’s East Coast.
Larsen & Turbo, the India-based technology conglomerate, has just commissioned the Sikalbaha combined-cycle power plant (225 MW) on behalf of its owner Bangladesh Power Development Board (BPDB). The 225-MW had also been built by L&T on a turnkey basis.