Orion Group Bangladesh’s first private firm to build coal power plant
The Power Development Board yesterday signed three sets of agreements with local Orion Power to set up three private coal-fired power plants in Khulna, Chittagong and Mawa totalling 1,200 megawatt capacity.
Salman Karim, director of Orion Power, told The Daily Star yesterday the company had signed Implementation Agreement and Power Purchase Agreement for the Khulna 300 MW, Chittagong 300 MW and Mawa 600 MW power projects.
“The Khulna and Chittagong projects will be commissioned within 36 months while the Mawa project within 45 months from signing of these agreements,” he added.
Salman also noted that Orion Power has signed a memorandum of understanding (MoU) with the Electricity Generation Authority of Thailand International (Egati) as its investment partner.
Egati is the largest Thai power producer having the experience of generating 16,000 MW power.
As per the agreements, Orion Power has to build the plants on their own land and arrange its own coal supply.
The company has purchased 500-bigha land in Khulna and Mawa each and a 700-bigha plot of land in Chittagong for its projects.
It, however, proposed the government approve a merger between the two 300-MW projects–either in Chittagong or in Khulna–to make them viable.
The company has signed MoUs with two trading companies– Swiss Glencore and Japanese Mitsui– to ensure smooth supply of coal from Indonesia and Australia to their projects.
Once commissioned, Orion Power will sell electricity to the PDB at Tk 3.78 per kilowatt-hour in Khulna and Chittagong and Tk 4.30 per kilowatt-hour in Mawa.
The government has entered a deal with Orion Group to install three private coal-based power plants to add 1088MW power to the national grid.
Although there is a government-run coal-based power plant producing 250MW power at Barapukuria, this is the first move to get private firms to produce power from coal.
On Jan 29, the government struck a deal with India for installing a coal-based power plant with a capacity to produce 1030MW at Rampal in Bagherhat near the Sundarbans.
One of the new power plants will be set up at Mawa in Munsiganj to produce 522MW. Two other plants will be established at Anwara in Chittagong and in Khulna each with a capacity of generating 282.67MW.
Orion Group Managing Director Salman Obaidul Karim and Power Development Board (PDB) Secretary Md Azizul Islam signed the agreement at the Bidyut Bhaban.
More About Obaidul Karim>>>>>>>
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| Obaidul Karim Owner Of Orion Group |
The Power Development Board yesterday signed three sets of agreements with local Orion Power to set up three private coal-fired power plants in Khulna, Chittagong and Mawa totalling 1,200 megawatt capacity.
Salman Karim, director of Orion Power, told The Daily Star yesterday the company had signed Implementation Agreement and Power Purchase Agreement for the Khulna 300 MW, Chittagong 300 MW and Mawa 600 MW power projects.
“The Khulna and Chittagong projects will be commissioned within 36 months while the Mawa project within 45 months from signing of these agreements,” he added.
Salman also noted that Orion Power has signed a memorandum of understanding (MoU) with the Electricity Generation Authority of Thailand International (Egati) as its investment partner.
Egati is the largest Thai power producer having the experience of generating 16,000 MW power.
As per the agreements, Orion Power has to build the plants on their own land and arrange its own coal supply.
The company has purchased 500-bigha land in Khulna and Mawa each and a 700-bigha plot of land in Chittagong for its projects.
It, however, proposed the government approve a merger between the two 300-MW projects–either in Chittagong or in Khulna–to make them viable.
The company has signed MoUs with two trading companies– Swiss Glencore and Japanese Mitsui– to ensure smooth supply of coal from Indonesia and Australia to their projects.
Once commissioned, Orion Power will sell electricity to the PDB at Tk 3.78 per kilowatt-hour in Khulna and Chittagong and Tk 4.30 per kilowatt-hour in Mawa.
The government has entered a deal with Orion Group to install three private coal-based power plants to add 1088MW power to the national grid.
 |
| Orion Group |
Although there is a government-run coal-based power plant producing 250MW power at Barapukuria, this is the first move to get private firms to produce power from coal.
On Jan 29, the government struck a deal with India for installing a coal-based power plant with a capacity to produce 1030MW at Rampal in Bagherhat near the Sundarbans.
One of the new power plants will be set up at Mawa in Munsiganj to produce 522MW. Two other plants will be established at Anwara in Chittagong and in Khulna each with a capacity of generating 282.67MW.
Orion Group Managing Director Salman Obaidul Karim and Power Development Board (PDB) Secretary Md Azizul Islam signed the agreement at the Bidyut Bhaban.
More About Obaidul Karim>>>>>>>
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