On Sunday, the state-owned North-West Power Generation Company of Bangladesh signed a memorandum of understanding with German company Siemens to build a 3,600-megawatt LNG power plant near Payra Port, which is currently the largest in Bangladesh Power station. 3600 MW: Bangladesh to build the largest LNG power plant
According to reports, the LNG power station project will be constructed in three phases, the first phase of 1200 MW power generation facilities to be put into operation in June 2020, the second phase of the same scale power generation facilities to be put into operation in December 2020, the last 1200 MW to be Put into operation in December 2021.
The project has a total investment of about 2.8 billion U.S. dollars, including 2.4 billion U.S. dollars from loans and the remaining 400 million U.S. dollars from equity. Northwest Power Company and Siemens will set up an independent joint venture to implement this project.
At the signing ceremony, Bangladesh's Minister of Power and Energy Nasrul Hamid said that this project is Europe's largest investment project in Bangladesh. PDB is planning to sign another Siemens cooperation agreement on power projects with the same scale.
Nasrul Hamid said that in recent years, large companies from many countries have expressed strong interest in investing in power projects in Bangladesh, such as China, Singapore and Malaysia. This also shows the confidence of foreign countries in the current government's national development plan.