In an effort to diversify its investment portfolio in power generation, PEN and its long-time business partner, Lone Star Energy, have entered into an agreement with the Bangladesh Navy, and several other companies including, Central Southern China Electric Power Design Institute (CSEPDI), a Chinese government-owned enterprise, and Hong Kong Dongshi (HKDS), a privately owned, Hong-Kong-based company, and Interport BD to develop a 1320-MW coal-fired power plant on the south side of the Dhalghata Island.
PEN is proud to be a key member of the developer's team. We are also honored to be selected as the engineering firm for the project working in collaboration with these esteemed companies. The 1320-MW coal-fired project will be implemented using ultra-supercritical boilers and the latest proven clean-burning coal technology to achieve the highest thermal efficiency. The power plant, which costs approximately $2.7 billion, is currently scheduled to be commercially operational in December 2020.
Bangladesh is facing a major shortage of electric power. Our South Dhalghata Island project will help curb the country's power shortage. It will directly contribute to the country's economic growth by accommodating the increasing power demand of existing and emerging industries in Bangladesh.
The newly started power plant, which will be commercially operation in 2020, will contribute 7.6% (1,320 / 17,304) to the power demand. If Bangladesh’s elasticity at the time were 1.4, then new power plant will contribute 5.2% to the overall GDP. Subsequently, the impact of the project to the GDP in 2020 would be Tk 942.97 billion (Tk 18, 134 billion * 5.2%).
PEN is proud to be a key member of the developer's team. We are also honored to be selected as the engineering firm for the project working in collaboration with these esteemed companies. The 1320-MW coal-fired project will be implemented using ultra-supercritical boilers and the latest proven clean-burning coal technology to achieve the highest thermal efficiency. The power plant, which costs approximately $2.7 billion, is currently scheduled to be commercially operational in December 2020.
Bangladesh is facing a major shortage of electric power. Our South Dhalghata Island project will help curb the country's power shortage. It will directly contribute to the country's economic growth by accommodating the increasing power demand of existing and emerging industries in Bangladesh.
The newly started power plant, which will be commercially operation in 2020, will contribute 7.6% (1,320 / 17,304) to the power demand. If Bangladesh’s elasticity at the time were 1.4, then new power plant will contribute 5.2% to the overall GDP. Subsequently, the impact of the project to the GDP in 2020 would be Tk 942.97 billion (Tk 18, 134 billion * 5.2%).