Economic Reporter :
The government is looking forward to sign a $ 220 million credit assistance agreement with the Islamic Development Bank (IDB) by June for 400 MW Ashuganj (East) power plant efficiency improvement project in Bangladesh.
“Hopefully, we’ll be able to sign the credit agreement for the 400MW Ashuganj (East) power plant efficiency improvement project in the country by this June. It could be either signed in Dhaka or in Jeddah,” said an Economic Relations Division (ERD) official.
Following a recent inter-ministerial meeting, the official said, the draft credit deal with some proposed amendments to be sent to the IDB headquarters in Jeddah for their consent and the agreement will be signed then.
According to sources at the Power Division, the $220 million IDB assistance will help replace old steam and gas turbine power plants with a more efficient 400-MW gas-fired combined cycle power plant at Ashuganj Power Station complex.
It will also help upgrade and construct 72 kilometers of transmission lines, and four substations. The existing analog billing meters will be replaced by 700,000 prepaid meters in Dhaka division.
The 400-MW Ashuganj (East) power plant efficiency improvement project is a five-year term project (Jan 2016-Dec 2020) and the total cost of the project is estimated at $ 530 million.
The government is looking forward to sign a $ 220 million credit assistance agreement with the Islamic Development Bank (IDB) by June for 400 MW Ashuganj (East) power plant efficiency improvement project in Bangladesh.
“Hopefully, we’ll be able to sign the credit agreement for the 400MW Ashuganj (East) power plant efficiency improvement project in the country by this June. It could be either signed in Dhaka or in Jeddah,” said an Economic Relations Division (ERD) official.
Following a recent inter-ministerial meeting, the official said, the draft credit deal with some proposed amendments to be sent to the IDB headquarters in Jeddah for their consent and the agreement will be signed then.
According to sources at the Power Division, the $220 million IDB assistance will help replace old steam and gas turbine power plants with a more efficient 400-MW gas-fired combined cycle power plant at Ashuganj Power Station complex.
It will also help upgrade and construct 72 kilometers of transmission lines, and four substations. The existing analog billing meters will be replaced by 700,000 prepaid meters in Dhaka division.
The 400-MW Ashuganj (East) power plant efficiency improvement project is a five-year term project (Jan 2016-Dec 2020) and the total cost of the project is estimated at $ 530 million.
