HK-based firm wants to install 950MW power plants

http://www.daily-sun.com/details_HK-based-firm-wants-to-install-950MW-power-plants_97_1_3_1_0.html

HK-based firm wants to install 950MW power plants
The company wants to get work in a mutual understanding with Govt, instead of competitive tender
Shamim Jahangir

China Zhongyuan Trading Limited (CZTL), a Hong Kong-based company, has shown interest to install two power plants- one gas-fired and another coal-fired- with generation capacity of 950 megawatt (MW) of electricity in Bangladesh through mutual understanding.

Zhang Zai Tao, the general manager of the company, recently sent a letter to Prime Minister Sheikh Hasina placing a technical and financial offer for installing 300 to 450 MW gas-based combined cycle and 500 MW coal-fired power plant in the country.

The company is planning to install the two large power plants under China Exim Bank Credit facilities, the letter read.

“We come to know that BPDB (Bangladesh Power Development Board) has floated international tender for three units of 300MW-450MW gas-based power plant and one unit of 250MW coal-based power plant,” Zhang Zai Tao said.

CZTL wants to implement projects in mutual understanding instead of facing competitive bid, the official said.

“We have participated thrice in the bids for Ghorasal power plant project. Unfortunately, BPDB didn’t award the contract to anyone,” the letter read.

The official said the company alone with NEPDI, an associate of the company, is capable to undertake at least 2000 MW of power plant under the company’s technical and financial assistance.

Meanwhile, a number of retired officials of BPDB were invited on 22nd this month by Power Division to a view-exchange meeting on installing power plants. The retired officials requested the power division not to use Chinese technology in installing the power plants because of ‘poor quality’.

Abu Ishak, former managing director of West Zone Power Distribution Company, who attended the meeting said: “W!e had bitter experience of applying Chinese technical assistance in the installation of Tongi Power Plant and Barapukuria Power Plant.”

Besides, Bangladesh and China will sign a memorandum of understanding (MoU) to set up a joint venture power plant in Moheskhali, Cox’s Bazar by imported coal to generate 1320 MW of electricity by mid of this year.

BPDB and the China Hudian Hong Kong Company will ink the MoU on behalf of their respective sides, the official said.

According to the officials concerned, the ships laden with 50,000 tonnes of coal for the power plant could enter the country through Moheskhali belt.

The government has already directed the Deputy Commissioner (DC) of Cox’s Bazar to acquire 5000 acres of land for the plant.

The China Hudian Hong Kong Company has so far produced 90,000 MW of power, 70 of which is based on coal. The company has coalmine sites in Cambodia, Indonesia and Australia, an official said.

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