330-MW KHULNA PLANT

Power board seeks $200m buyer’s credit

The Bangladesh Power Development Board (PDB) has sought approval for a $201.35 million buyer’s credit from the standing committee on non-concessional loan for the establishment of the Khulna 330-MW dual-fuel combined-cycle power plant.

On September 28, the BPDB wrote to the secretary for Power, Energy, and Mineral Resources Division, seeking approval for the loan.

The BPDB wrote that an agreement for the construction of the power plant was signed with the Consortium of Harbin Electric International Co. Ltd, China and Jiangsu Con. Ltd, China (CHEC-JV) on November 11, 2016. To execute the project, a loan agreement has to be signed with the financing institution, China Exim Bank, Jiangsu branch.

The BPDB took the opinion of the Bangladesh Bank on March 28 and the Economic Relations Division (ERD) on April 27 about receiving buyer’s credit to implement the project. Besides, the Finance Division agreed to provide sovereign guarantee to implement the project on a turnkey basis.

According to the summary of the BPDB, the management fee will be 1 per cent, commitment fee 1 per cent, and SWAR rate 2 per cent.

The government planned to set up the Khulna 330-MW dual-fuel combined-cycle power plant to supply more electricity to the people of the southern parts of the country. The plant will be set up on the banks of the Bhairab River at Khalishpur in Khulna.

 

 

330-MW KHULNA PLANT

Power board seeks $200m buyers credit

The Bangladesh Power Development Board (PDB) has sought approval for a $201.35 million buyers credit from the standing committee on non-concessional loan for the establishment of the Khulna 330-MW dual-fuel combined-cycle power plant. On September 28, the BPDB wrote to the secretary for Power, Energy, and Mineral Resources Division, seeking approval for the loan. The BPDB wrote that an agreement for the construction of the power plant was signed with the Consortium of Harbin Electric International Co. Ltd, China and Jiangsu Con. Ltd, China (CHEC-JV) on November 11, 2016. To execute the project, a loan agreement has to be signed with the financing institution, China Exim Bank, Jiangsu branch. The BPDB took the opinion of the Bangladesh Bank on March 28 and the Economic Relations Division (ERD) on April 27 about receiving buyers credit to implement the project. Besides, the Finance Division agreed to provide sovereign guarantee to implement the project on a turnkey basis. According to the summary of the BPDB, the management fee will be 1 per cent, commitment fee 1 per cent, and SWAR rate 2 per cent. The government planned to set up the Khulna 330-MW dual-fuel combined-cycle power plant to supply more electricity to the people of the southern parts of the country. The plant will be set up on the banks of the Bhairab River at Khalishpur in Khulna.