APSCL signs deal with Chinese consortium

The state-owned Ashuganj Power Station Company Ltd (APSCL) inked an engineering, procurement and construction (EPC) contract with a Chinese consortium on Tuesday to construct a 400-megawatt (MW) gas-fired combined cycle power plant.

The consortium of China Technical Import and Export Corporation and China National Corporation for Overseas Economic Cooperation will build the power plant by April 2021 at a total cost of Tk 14.73 billion.

Asian Development Bank (ADB) and Islamic Development Bank (IDB) will jointly provide loan amounting to US$ 327.57 million to implement the project.

Plant efficiency of the Ashuganj 400-MW CCPP (east) power plant project will be 58.76 per cent, and cost per kilowatt to implement the plant is $408.64.

Prime Minister's Energy Adviser Dr Tawfiq-e-Elahi Chowdhury Bir Bikram was the chief guest at the deal-signing ceremony at a city hotel.

State Minister for Power, Energy and Mineral Resources Nasrul Hamid, Chief Coordinator of SDG Affairs at PMO Abul Kalam Azad, Power Secretary Ahmad Kaikaus, BPDB chairman Khaled Mahmood, and top officials of the Chinese consortium also spoke on the occasion.

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