Singapore-based energy firm Sembcorp Industries (Sembcorp) on Wednesday said its first thermal power plant in Sirajganj of Bangladesh has successfully commenced full commercial operations.
The $412 million dual-fuel power plant is located at Soydabad in Sirajganj and has a contractual capacity of 414 megawatts. The Sirajganj Unit-4 combined-cycle gas turbine project is Bangladesh's first public-private partnership power plant backed by foreign investment.
"It is primarily gas-fired, with high-speed diesel as its back-up fuel. It was developed, and is owned and operated by Sembcorp North-West Power Company, a joint venture that is 71 per cent-owned by Sembcorp Utilities and 29 per cent by Bangladesh's state-owned North-West Power Generation Company," the firm said in a press release on Wednesday.
The plant supplies power to Bangladesh Power Development Board under a 22-year power purchase agreement.
Sriram Narayanan, head of Sembcorp’s global gas & power business, said, “The successful completion of Sirajganj Unit 4, Sembcorp’s first power plant in Bangladesh, is a significant milestone for the Group. I would like to congratulate our team on the ground, and also thank our partner, North-West Power Generation Company, the government of Bangladesh, our lenders and the local community, for their valuable support. Now that the plant has come onstream, it is set to provide an efficient, reliable supply of energy to meet Bangladesh’s growing power demand, supporting the country’s development for years to come.”
The commencement of the plant's full commercial operations is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2019. The CCGT began its first-phase operations in single-cycle mode in October 2018.
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