Indian state-owned energy service provider NTPC Limited has signed an equal stake joint venture agreement with Bangladesh Power Development Board (BPDP) to develop a $1.5 billion coal-based power plant in Bangladesh. The new power plant will have a capacity to generate 1,320MW of electricity per day, which will overcome the shortage of power in the country. The pipeline project will be developed at the southern part of the county.
Under the provisions of the contract, both the companies will jointly build, own and operate the new power plant. The plant will consist of two 660MW units.
The project will generate electricity by means of coal imported from other countries and use super critical technology to generate power. The power generated by the project will be supplied to BPDB. The facility is expected to be operational by 2016.