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Japan to start Bangladesh power project in August: Nikkei Asian Review

| Updated: October 18, 2017 02:27:24


Japan to start Bangladesh power project in August: Nikkei Asian Review

A Japanese consortium is starting the advanced coal-fired power plant project in Matarbari area of Maheshkhali upazila under Cox’s Bazar in August, which is scheduled to be completed in 2024. 

The consortium comprising five Japanese companies, including trader Sumitomo Corp., IHI, Toshiba and Penta-Ocean Construction, will also build a port in the South Asian country. 

The Japan International Cooperation Agency will cover the estimated 500 billion yen ($4.51 billion) or so in costs in what will be the organization's largest yen loan, the Nikkei Asian Review reported on Sunday. 

Japan is in fierce competition with China and South Korea to supply infrastructure to emerging countries. 

It is particularly keen on exporting the most advanced thermal power plant, which has a relatively smaller impact on the environment. 

As the leader of the consortium, Sumitomo made the successful bid in a competition held by a Bangladeshi utility.

IHI will supply boilers that will burn coal to produce steam. 

Toshiba and Toshiba Plant Systems & Services will supply steam turbines, power generators and peripheral equipment. Penta-Ocean Construction will build the port.

The power station, with an output capacity of 1.2 gigawatts, will be the country's largest electricity generator, serving about 10 per cent of Bangladesh's electricity demand. 

The port will also be one of the nation's largest, receiving coal for the power station from Indonesia, Australia and elsewhere.

Of the 500 billion yen to be provided by JICA, 300 billion yen will be used to build the power station; the rest will go into building the port.

The power station will use what is called ultra-supercritical technology, which can cut carbon dioxide emissions by about 20 per cent compared to conventional thermal power plants.

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