Wednesday, August 13, 2014

ECNEC approves Tk 35,984cr project:Daily Sun

  The government Tuesday gave the go-ahead to the 1,200MW integrated power plant project at Matarbari in Cox’s Bazar, involving Tk 35,984.46 crore, in a bold step to meet the country’s long-term power demand. The Executive Committee of National Economic Council (ECNEC) at a meeting cleared the way for the ‘Matarbari 2x600 MW Ultra Super Critical Coal-Fired Power Project’ that also includes a deep
seaport, township development and setting up of coal terminal, among others. Prime Minister Sheikh Hasina chaired the ECNEC meeting. “It would be the country’s largest development project, even bigger than the Padma Bridge project,” Planning Minister AHM Mustafa Kamal told reporters after the ECNEC meeting. Japan has pledged Tk 28,939.03 crore in loans for the project, which comes in line with the government’s ‘Power System Master Plan-2010’ aimed at increasing the country’s power generation from coal to 50 percent by 2030. The minister informed that two proposed power plants at Matarbari, each having 600MW capacity, will use world’s best thermal power plant technology to prevent carbon emissions. He added that the project will be cost-efficient for the use of super critical technology, also claiming that the plant will have the world’s highest thermal efficiency. The minister said the proposed power plants will have work efficiency of 41.99 percent, which is higher than the 34 percent average work efficiency of other coal-based power plants in Bangladesh. “Even their performance would be better than the average performance of those in the in the USA, which is 36 percent,” he added. Coal Power Generation Company Bangladesh Limited (CPGCBL) under the Power Division is expected to implement the project at Matarbari and Dhalghata union under Moheshkhali upazila in Cox’s Bazar by 2023. At the ECNEC meeting, the prime minister, however said during Japanese PM’s upcoming Dhaka visit in early September, she would request him to take steps for completing at least one unit of the proposed power plant by 2018, meeting sources said. The project was the outcome of Prime Minister Sheikh Hasina’s recent visit to Japan where both the countries agreed to reach a ‘comprehensive partnership’ under which Tokyo seeks to implement its Bay of Bengal Industrial Growth Belt Initiative (BIG-B) at Matarbari and its adjacent areas. “This island and the surrounding area have all the potential to become completely transformed into an integrated industrial and trading hub, as well as a central energy base,” said JICA President Akihiko Tanaka at the loan-signing ceremony. “Eventual expansion of the Matarbari plant will likely include power plants adjacent to the planned units, construction of coal centres to service other coal-fired power plants and even construction of a liquefied natural gas (LNG) terminal,” Tanaka added. Besides, Bangladesh and JICA are in talks to make a comprehensive master plan of the area, including Chittagong and Cox’s Bazar to further materialise the BIG-B initiative, he also said. The main activity of the project includes construction of power plant (civil), jetty and channel, setting up of power plant boiler (EPC part), establishment of power plant turbine and generator (EPC part), power plant coal and produced ash management (EPC part), plant starting equipment, land acquisition of 1,500 acres, some 1360354.69 cubic meter land development, construction of some 42247.94 square meter non-residential building and construction of 18660.11 square meter residential building. “Sub-bituminous coal, imported from Australia and Indonesia, will be used in this power plant which will lead to low-cost power generation,” AHM Mustafa Kamal said, adding that two more power plants will be set up at the project site in future along with an LNG terminal while Moheshkhali would be turned as a complete township. He said the Matarbari Coal-based power plant project would be the country’s first coal-based power plant project where sea surface water would be used for cooling and steam generation. The ECNEC meeting approved a total of five development projects. The other approved projects are: ‘Flood management and livelihood development of Haor Region’ of Tk 880.01 crore, establishment of Jessore Software Technology Park (STP) (firstrevised) of Tk 240.74 crore, cluster village (Climate Victims Rehabilitation Project) (3rd revised) of Tk 187.29 crore and self-employment generation and poverty alleviation through expansion of BITAC activities of Tk 47.33 crore. Of the total project cost of the Matarbari power plant project, Tk 5,685.33 crore will come from the national exchequer, while Tk 2,118.77 crore from the implementing organisation’s own fund and Tk 29,535.73 crore as project assistance. Prime Minister Sheikh Hasina at the meeting also reiterated that not a single person in the country will remain homeless as homes will be built for the homeless, for which she urged ministers and secretaries to find out more khas lands. “Small townships will be developed on the lands reclaimed from river dredging,” The PM said, adding that she already asked the DCs to conduct a survey to find out the number of homeless people in the country, according to meeting sources. Ministers, State Ministers and Planning Commission members attended the meeting.

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