The power plant is expected to start commercial operations by 2021
The Unique Group has selected GE Power, a subsidiary of an American multinational conglomerate, General Electricity Company (GE), well known as GE, to construct a 600MW LNG-based combined cycle power plant at Meghnaghat, near Dhaka.
Unique Meghnaghat Power Limited (UMPL), a subsidiary of Unique Hotel and Resorts Limited, a Sister Concern of the Unique Group, will be executing the project, said a press release on Monday.
The power plant is expected to start commercial operations by 2021. Once completed, the plant will generate electricity needed to meet the energy demand of almost 700,000 homes in the area.
Unique Group Managing Director, Mohd Noor Ali, said: “The project marks the Unique Group’s foray into the power sector of Bangladesh. We are excited to partner with GE, whose technological expertise and global experience in managing large scale power projects helped our teams understand the stringent project proposal parameters and configuration selection.”
Deepesh Nanda, CEO, Gas Power Systems, GE South Asia, said: “GE is a long-standing partner of Bangladesh, contributing towards the growth of its power sector. The country is strategically transforming its energy mix and adopting new technologies to meet on-ground challenges such as increasing power demand.
“We are confident that GE’s HA gas turbines will be a significant value addition to the power ecosystem in Bangladesh, enabling people to have easy access to affordable, flexible, and cleaner electricity.”
The order value is approximately US$350 million, and as per the contract, GE Power will develop the project on a turnkey basis which includes one 9HA.01 gas turbine, one heat recovery steam generator (HRSG), one steam turbine generator, condenser, and associated systems.
GE’s 9HA.01 gas turbine is the world’s most efficient and largest heavy-duty gas turbine. These gas turbines are recognized for powering the world’s most efficient power plants in both the 50hz and 60hz energy segments - achieving 62.22% combined cycle net efficiency and 63.08% combined cycle gross efficiency, respectively.