The state-owned Coal Power Generation Company Bangladesh Ltd (CPGCBL) finalised a major deal for constructing the country's largest ever coal-fired power plant in Matarbari, Cox's Bazar.
"We signed the EPC (Engineering Procurement and Construction) contract on 27 July with Japanese firm Sumitomo Corporation, Toshiba Corporation and IHI Corporation for constructing 1,200-megawatt Matarbari coal-fired power plant," managing director of CPGCBL Md Abul Quasem told BSS.
He said a post-contract event will be held tomorrow in a city hotel. Finance minister Abul Maal Abdul Muhith, prime minister's power, energy and mineral resources affairs adviser Tawfiq-e-Elahi Chowdhury and state minister for power, energy and mineral resources Nasrul Hamid will attend the event, among others.
According to the contract, the lead contractor, Sumitomo Consortium, would construct the power plant by December 2022, Quasem said.
Japan International Cooperation Agency (JICA) will provide $4.56 billion for the project when the government would arrange necessary additional funding.
Officials said the government attached top priority to the Matarbari power project and the plant would be built after addressing all environmental concerns with effective measures.
On completion, the coal-fired Matarbari plant will have an installed capacity of 1,200MW, with two units having capacity of 600MW each. The project also includes a deep-sea port near the plant for handling coal imports for the plant.