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The state-run Bangladesh Electricity Development Authority (BPDB) and China Huadian Hong Kong Limited (CHDHK) have signed an agreement to form a joint venture to build a 1,320 MW coal-fired power plant
.
China Huadian formed a joint venture to build a coal-fired power plant in Bangladesh
"The two sides will build a coal-fired power plant
on Moheshkhali Island in the Cox's Bazar region, located 415 kilometers southeast of Dhaka.
" BPDB director Mohammad Saiful Islam said
.
Islam said the joint venture, in which the two companies hold equal shares, will take four years to start production
.
Another official directly involved in the project said that implementing the project could cost about $2 billion
under the original plan.
Bangladesh plans to provide electricity to all its more than 160 million citizens by 2021, the year
it intends to enter the ranks of middle-income countries.
Currently, 20% of Bangladesh's population has no access to electricity, and the country faces a daily power shortage of 1,000 to 1,500 megawatts, rising to 2,000 megawatts
during peak summer hours.
Bangladesh currently produces up to 9,500 megawatts of electricity per day with a generating capacity of 12,000 megawatts, but the power generation capacity cannot be fully utilized
due to major fuel shortages.
，
The state-run Bangladesh Electricity Development Authority (BPDB) and China Huadian Hong Kong Limited (CHDHK) have signed an agreement to form a joint venture to build a 1,320 MW coal-fired power plant
.
China Huadian formed a joint venture to build a coal-fired power plant in Bangladesh
China Huadian formed a joint venture to build a coal-fired power plant in Bangladesh"The two sides will build a coal-fired power plant
on Moheshkhali Island in the Cox's Bazar region, located 415 kilometers southeast of Dhaka.
" BPDB director Mohammad Saiful Islam said
.
Islam said the joint venture, in which the two companies hold equal shares, will take four years to start production
.
Another official directly involved in the project said that implementing the project could cost about $2 billion
under the original plan.
Bangladesh plans to provide electricity to all its more than 160 million citizens by 2021, the year
it intends to enter the ranks of middle-income countries.
Currently, 20% of Bangladesh's population has no access to electricity, and the country faces a daily power shortage of 1,000 to 1,500 megawatts, rising to 2,000 megawatts
during peak summer hours.
Bangladesh currently produces up to 9,500 megawatts of electricity per day with a generating capacity of 12,000 megawatts, but the power generation capacity cannot be fully utilized
due to major fuel shortages.
，
