The government is likely to allow a joint venture coal-fired power project having the capacity to generate 1320MW of electricity at Moheskhali in Cox’s Bazar.
Bangladesh Power Development Board (BPDB) and China Huadian Hong Kong Co Ltd will jointly implement the power project.
The Power Division has already placed a proposal before the cabinet committee regarding the formation of a joint venture company and finalising the draft memorandum of association (MoA) and Articles of Association for implementing the power project.
The BPDB and CHDHK signed a memorandum of understanding (MoU) for implementing the power project on April 29, 2014.
“We have already reviewed the draft joint venture agreement (JVA) several times and then signed an initial agreement in December 2017,” an official concerned said.
He said the signing of the final agreement was delayed as both sides were reviewing the terms and conditions of the joint-venture deal.
The government is hopeful of implementing eight coal-fired power projects, including the BPDB-CHDHK joint venture plant, having a combined capacity to generate 10,560MW of electricity in the Moheskhali power hub.
The government is acquiring 5579.6035 acres of land for establishing the power hub in Moheskhali.
According to power division officials, the country’s 63 percent electricity generation currently depends on gas-fired plants.
The government plans to generate 35 percent of the electricity from coal-fired plants by 2041. The total power generation is expected to reach 60,000MW by then.