Proposal to be placed before cabinet meeting today
After six years of forming a joint venture company with a China’s state-owned firm, the government is going to form another Joint Venture Company (JVC) with the same country to set up 200MW solar power plant.
For setting up the JVC named Bangladesh-China Power Company (Pvt) Limited (Renewable), the power division has prepared a draft proposal in this regard and it is likely to be placed on the cabinet meeting today, the sources in the power division said.
The Power Division, in it’s proposal, will also seek cabinet approval of the Joint Venture Agreement (JVA), Memorandum of Association (MA) and Articles of Associations (AA) of the proposed Bangladesh-China Power Company (Pvt.) Limited (Renewable), the sources added.
Talking to The Independent, State Minister for the Ministry of Power, Energy and Mineral Resources Nasrul Hamid said a joint venture company will be formed with the China National Machinery Import and Export Corporation (CMC) to set up 200 megawatts (MW) solar power plant at Sirajganj.
“We will be able to produce solar energy after forming the joint venture company with CMC, a state-owned international engineering contractor of Chinese government,” he said.
Earlier, North-West Power Generation Company Limited (NWPGCL) of Bangladesh and China National Machinery Import and Export Corporation (CMC), a Chinese state-owned company, had formed a joint venture company named Bangladesh-China Power Company (Pvt) Limited in 2014, to set up Payra 1320 MW Thermal Power Plant by using eco-friendly Ultra Supercritical Technology (UST).
At present, coal-fired Payra power plant in Patuakhali has already began test production of 100MW electricity.
The North-West Power Generation Company Limited has developed another strategic alliance with Sembcorp Utilities Pte Ltd, Singapore and formed another Joint Venter Company– Sembcorp North-West Power Company Limited, which was registered with Joint Stock Companies and Firms, Bangladesh in 2016.
This company has been implementing Sirajganj 400 MW combined cycle power plant project at Sirajganj.
The NWPGCL has a plan to develop the largest LNG-based power plant of the country having capacity of 3600 MW including LNG re-gasification terminal and gas pipelines in joint venture with Siemens AG, Germany at Payra in Patuakhali.