The state-owned Coal Power Generation Company Bangladesh Limited (CPGCBL) is likely to set up a solar-based power plant at Matarbari area with the Japan International Cooperation Agency (JICA) funding.
The CPGCBL is now implementing a mega coal-fired power project having capacity to generate 1200MW of electricity in Cox’s Bazar.Besides, it will seek funding for implementing another same capacity of power project, official said.
According to power system master plan, renewable energy generation capacity is targeted 10 percent of the total generation. Now, the government is generating 357MW of electricity from renewable electricity.
During the visit of JICA vice-president in Matarbari coal-fired power project, the CPGCBL approached to JICA vice-president for financial assistance to implement solar power project including feasibility study in Matarbari Island, CPGCBL Managing Director Md Abdul Mottalib informed the Power Division last week.
The CPGCBL has already submitted land acquisition proposal to Cox’s Bazar DC office for 490 acres of land adjacent to Matarbari 1200MW super critical coal fired power plant, he informed the power division.
He requested the ministry of finance for submitting a proposal before JICA in this regard.
The CPGCBL has a plan to implement 100MW-200MW capacity solar based power plant at Matarbari.The Executive Committee of National Economic Council (Ecnec) approved the country’s fast-track project on August 12, 2014 with an implementation period of 10 years from July 2014 to June 2024 at a total cost of Tk 35,984 crore.
JICA will provide Tk 28,939.03 crore of the total cost of the project as ODA loans in different phases.