- China Huadian Hongkong Company (CHDHK) is to build a $2bn 1.3 GW coal-fired power plant in Bangladesh.
- The state-run Bangladesh Power Development Board (BPDB) has signed a joint venture agreement with the Chinese firm to build the plant at Moheshkhali Island in Cox’s Bazar district, 415km south east from Dhaka.
- The project, the first undertaken by CHDHK in Bangladesh, is expected to be completed inside four years.
- Bangladesh State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that Maheshkhali is planned to be transformed into an energy hub within the next three to four years.
- Earlier this year, the state-owned Coal Power Generation Company Bangladesh (CPGCBL) had begun contruction on a 1.2GW Matarbari power plant, also in Cox’s Bazar District.
- The $4.33bn Matarbari ultra super critical coal-fired power plant will feature two units of 600MW each.
- Bangladesh, which is currently facing a power shortage of between 1,000MW and 1,500MW a day, is planning to provide electricity to all of its citizens by 2021.