Project Details
Unique Meghnaghat Power Limited (“hereinafter referred to as UMPL”), a Joint Venture Company constituted by the consortium consists of Unique Hotel & Resorts Limited (UHRL), GE Capital Global Energy Investments BV and Strategic Finance Limited (SFL), has been incorporated in the year 2018 for development of 600-Megawatt (MW) Gas/RLNG based Combined Cycle Power Plant (CCPP) project with net output 588.31 MW at Dudhghata Mauza in Pirojpur Union of Sonargaon Upazila under Narayanganj district, Bangladesh. The LoI (Letter of Intent) was issued by BPDB on 25th June 2018. Corresponding agreements like Power Purchase Agreement (PPA) with BPDB, Gas Supply Agreement (GSA) with Titas Gas Transmission and Distribution Company Limited (TGTDCL), Implementation Agreement (IA) with Power Division, Ministry of Power, Energy and Mineral Resources (MPEMR), GoB and Power Grid Company of Bangladesh (PGCB) have also been executed. The consortium of UHRL, GE and SFL has been selected by Bangladesh Power Development Board (BPDB), Government of Bangladesh (GoB) through Unsolicited Proposal (USP) basis. The proposed site is located in 21 .07 acres of land to the South-west of the Dhaka-Chittagong Highway and right bank of branch channel of Meghna river.
The Project is presently in the construction phase, for which GE-NEPC to the EPC Contractor was issued on 30 August 2021. Performance Test Completion will be held on 22 June 2022 as planned. This project is expected to be funded by Asian Infrastructure Investment Bank (AIIB), DEG and Asian Development Bank (ADB) under financial advisory of Standard Chartered Bank (SCB)
As part of lender’s prerequisite in providing continual financial assistance, UMPL commissioned EQMS Consulting Limited to undertake Construction Phase Environmental, Health, Safety, and Social (EHS&S) Compliance Audit (“the Audit”) of 600 MW CCPP Project at Meghnaghat, Narayanganj, Bangladesh in accordance with International Finance Corporation’s (IFC’s) Environment and Social Sustainability Framework, 2012, Equator Principles 2013 and applicable national and local regulatory requirements.
Location
Meghnaghat, Narayanganj, Bangladesh
Client
Unique Meghnaghat Power Limited (UMPL)
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