It has signed a 2300MW LNG-based power project with Siemens
The state-owned North-West Power Generation Company Limited (NWPGCL) has planned to generate 10,000MW of electricity by 2030.
Founded in 2007 for the country's north-western region, the company has already installed several power plants having a total generation capacity of 1070MW.
A top official of the company said: "Our target now is to become a leading power generation company of the country,"
In its latest move, the company signed a joint development agreement (JDA) on September 7 with German-based global leading power equipment and technology Siemens, to set up an imported LNG-based 3,600MW power plant by 2024, reports UNB.
As per the plan, the new plant will be located adjacent to the existing 1320MW coal-fired power plant in Payra of the Patuakhali district.
According to the deal with Siemens, the first phase of 1200MW of the plant will be installed by 2021 while the second phase of 2400MW plant by 2024.
AM Khurshid Alam, MD and CEO of NWPGL said that his company will put in its best effort to implement the largest power project within the targeted time.
He said thatNWPGCL primarily started with projects like the Sirajganj 150MW peaking power plant, Khulna 150MW peaking power plant and Bheramara 410MW combined cycle power plant.
It began providing electricity to the national grid in November 2012 after the commissioning of its Sirajganj 150MW simple cycle power plant which was later upgraded to a 225MW combined cycle one.
Another official of NWPGL said: "We've successfully implemented the Sirajganj 225 MW combined cycle power plant, Khulna 225 MW combined cycle power plant, and Bheramara 410 MW combined cycle power plant in a span of 10 years."
The NWPGCL is currently engaged in implementing of a number of new projects like unit-3 of Sirajganj 225MW, Sirajganj 400MW (±10%)combined cycle power plant, Payra coal-fired 1320MW thermal power plant under JVA with Chinese company CMG, Madhumati 100MW HFO-based power plant, Rupsha LNG-based 800MW combined cycle power plant and Sirajganj 7.6MW grid-connected solar photovoltaic power plant projects.
After implementation of these projects, the NWPGCL officials said, its total installed capacity will rise to 3928MW.
As part of future development projects, they said, there are seven power plant projects with the installed capacity of 6237.6MW under planning.
The NWPGCL will be able to supply some 7,000MW of electricity by 2021 and 10,000MW by 2030 to the national grid, said company officials.