Singapore’s Sembcorp yesterday signed a memorandum of understanding (MoU) with state-owned Coal Power Generation Company Bangladesh Limited (CPGCBL) to build a 700MW power plant at Matarbari in Cox’s Bazar.
As per the MoU, Sembcorp will construct the power plant, a jetty for coal imports, coal storage facilities, electrification and transmission facilities, roadways and a township.
The project, to be implemented on a 50:50 equity basis, is scheduled to be completed by December 2022. MD of CPGCBL Abul Kasem and Tan Cheng Guan, executive vice president and head of group business development and commercial at Sembcorp, signed the MoU on behalf of their respective organisations.
The proposed project will share common facilities of the Matarbari coal-fired power project, including the coal transshipment terminal and related facilities, coal unloading jetty and 400 kV sub-station, Abul Kasem said.
On August 5, the Cabinet Purchase Committee approved a separate unsolicited Sembcorp offer to set up a 400MW dual-fuel power plant on a build-own-operate (BOO) basis, under a joint venture with state-owned North-West Power Generation Company Ltd.
