Deal signed for 583MW power plant at Meghnaghat


14th March, 2019 10:33:01 printer

Deal signed for 583MW power plant at Meghnaghat

The government on Thursday signed five separate contracts with Summit Corporation Limited and GE Consortium for constructing a Combined Cycle Power Plant at Meghnaghat, Narayanganj having 583 MW power generation capacity.


Prime Minister’s Energy Advisor Dr Towfiq-e-Elahi Chowdhury, Bir Bikram, witnessed the contracts signing ceremony as the chief guest, while founder Chairman of Summit Group Muhammad Aziz Khan, US Ambassador to Dhaka Earl R. Miller, Power Secretary Dr Ahmad Kaikaus, Energy Secretary Abu Hena Md Rahmatul Muneem, Petrobangla Chairman Ruhul Amin, BPDB Chairman Engineer Khaled Mahmood and Gas Power, GE Chairman John Rice were present as special guests at the ceremony held at Bidyut Bhaban in the capital.


Summit Corporation Limited and GE Consortium, a USA company will jointly implement the power plant project within March 2022, according to sources at Power and Energy Ministry.


Adhering to its commitment of providing reliable and affordable electricity to Bangladesh, Summit Meghnaghat II Power Company Limited (SMIIPCL), a subsidiary of Summit Group, signed power purchase agreement (PPA) with Bangladesh Power Development Board (BPDB) for 22 years, Land Lease Agreement (LLA) with BPDB, Gas Supply Agreement (GSA) with Titas Gas Transmission and Distribution Co Ltd (Titas), Fuel Supply Agreement (FSA) with the Bangladesh Petroleum Corporation (BPC) and Implementation Agreement (IA) with Power Grid Company (PGCB) and the government.


However, the project officials concerned expected that the company would be able to supply power from its plant within the stipulated time.