As part of the agreement, ACWA Power will target the development of 3,600MW gas fired independent power plants representing a total investment amount of about $2.5 billion, that will help meet the country’s growing power demand.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…2232 Views | the publication reaches you by | Saudi Arabia Today
The plant is likely to be located in Maheshkhali, upon completion of the feasibility study.
“Aramco will indeed supply the LNG. The source of LNG is Aramco. In addition, they will build the LNG terminal to store the LNG,” said Salman Fazlur Rahman, investment adviser to Bangladeshi Prime Minister Sheikh Hasina.
“ACWA will build the power station to convert LNG to power.”
The deal signed is ACWA Power’s largest gas-to-power development and its initial foray into the Bangladesh power market.
Bangladesh’s power sector is one of the fastest growing in South Asia, with a current installed capacity of around 24,000MW from just 3,200MW in 2009.
150 take part through Watani Al Emarat via the ‘Your City Needs You’ initiative Over 150 volunteers –…113 Views | the publication reaches you by | Saudi Arabia Today
Do you have information you want to reach our readers?