UNB, Dhaka :
State-owned Power Development Board (PDB) will sign a contract on Monday with a Spanish-South Korean joint venture firm to implement its 400 MW Bibiyana South combined cycle power plant project.
The joint venture of Isolux Ingenieria of Spain and Samsung C& T Corporation of South Korea will work in the project as an engineering, procurement and construction (EPC) contractor at a contract value of US$ 288.26 million.
The PDB will implement the project with its own fund. PDB officials hope the gas-fired combined cycle power plant project’s total net generation capacity will be 383.510 MW through its combination of simple cycle and combined cycle units.
Of these, the plant’s simple cycle unit will have 252.264 MW capacity, while the combined cycle unit will be of 131.246 MW.
The power project will consume 62.55 MMSFD gas which will be supplied from the Bibiyana gas field.
Electricity production cost in the project will be Tk 1.13 kilowatt per hour (kWh) considering the plant factor at 85 percent while the power tariff was estimated to be Tk 4.70 per unit. The project’s lifetime has been fixed to be 25 years.
The power project will consume 62.55 MMSFD gas which will be supplied from the Bibiyana gas field.
Electricity production cost in the project will be Tk 1.13 kilowatt per hour (kWh) considering the plant factor at 85 percent while the power tariff was estimated to be Tk 4.70 per unit. The project’s lifetime has been fixed to be 25 years.
Power Ministry officials said the EPC contractor will supply and install the simple cycle unit within 24 months while it will set up the combined cycle unit in 30 months from the date of signing the contract. The plant will be installed on 14.54 acres of land.
It is expected that the project’s simple cycle unit will come into production in December 2016 and the combined cycle unit in 2017.
Officials said the same EPC contractor has been working for installing an identical capacity Bibiyana-2 project. The project’s gas turbine, steam turbine, generator and other main equipment will come from Germany, Belgium, USA, Spain and China. The plant’s energy efficiency is expected to be 53 percent.
The Bibiyana South project’s implementation process started 4-5 years back and initially, it was named as Bibiaya-1 and awarded to local power conglomerate Summit Group to implement it as an independent power producer (IPP) plant.
But due to fund constraints and other complications, Summit could not implement the project. Finally, the government terminated the contract with Summit and renamed the project as Bibiyana South Power Plant.
State-owned Power Development Board (PDB) will sign a contract on Monday with a Spanish-South Korean joint venture firm to implement its 400 MW Bibiyana South combined cycle power plant project.
The joint venture of Isolux Ingenieria of Spain and Samsung C& T Corporation of South Korea will work in the project as an engineering, procurement and construction (EPC) contractor at a contract value of US$ 288.26 million.
The PDB will implement the project with its own fund. PDB officials hope the gas-fired combined cycle power plant project’s total net generation capacity will be 383.510 MW through its combination of simple cycle and combined cycle units.
Of these, the plant’s simple cycle unit will have 252.264 MW capacity, while the combined cycle unit will be of 131.246 MW.
The power project will consume 62.55 MMSFD gas which will be supplied from the Bibiyana gas field.
Electricity production cost in the project will be Tk 1.13 kilowatt per hour (kWh) considering the plant factor at 85 percent while the power tariff was estimated to be Tk 4.70 per unit. The project’s lifetime has been fixed to be 25 years.
The power project will consume 62.55 MMSFD gas which will be supplied from the Bibiyana gas field.
Electricity production cost in the project will be Tk 1.13 kilowatt per hour (kWh) considering the plant factor at 85 percent while the power tariff was estimated to be Tk 4.70 per unit. The project’s lifetime has been fixed to be 25 years.
Power Ministry officials said the EPC contractor will supply and install the simple cycle unit within 24 months while it will set up the combined cycle unit in 30 months from the date of signing the contract. The plant will be installed on 14.54 acres of land.
It is expected that the project’s simple cycle unit will come into production in December 2016 and the combined cycle unit in 2017.
Officials said the same EPC contractor has been working for installing an identical capacity Bibiyana-2 project. The project’s gas turbine, steam turbine, generator and other main equipment will come from Germany, Belgium, USA, Spain and China. The plant’s energy efficiency is expected to be 53 percent.
The Bibiyana South project’s implementation process started 4-5 years back and initially, it was named as Bibiaya-1 and awarded to local power conglomerate Summit Group to implement it as an independent power producer (IPP) plant.
But due to fund constraints and other complications, Summit could not implement the project. Finally, the government terminated the contract with Summit and renamed the project as Bibiyana South Power Plant.
