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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
ACWA Power inks MoU for 3,600 MW gas plant in Bangladesh
ACWA Power has signed a memorandum of understanding (MoU) with the Bangladesh Power Development Board (BPDB) for a LNG-based power plant and terminal in Bangladesh. As part of the agreement, ACWA Power will target the development of a 3,600 MW gas fired independent power plant (IPP) representing a total investment of some $2.5bn.
The project will also include a regasification terminal at an expected additional cost of $500mn. The plant will may be located in Maheshkhali, or an alternative location, upon completion of the feasibility study.
The signing marks ACWA Power’s largest gas-to-power development and its initial foray into the Bangladesh power market.
