The Matarbari Combined Cycle Power Plant is 500MW gas fired power project. It is planned in Chittagong, Bangladesh. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2028.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 500 | – | 500 | Permitting | Chittagong, Bangladesh | Coal Power Generation Company Bangladesh; Mitsui |
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Description
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The project is being developed and currently owned by Coal Power Generation Company Bangladesh and Mitsui. The owners have 50% stake in the project respectively.
It is a combined cycle gas turbine (ccgt) power plant. The fuel will be procured from Petrobangla.
The project cost is expected to be around $600m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2028.
About Mitsui
Mitsui & Co Ltd (Mitsui) is a business conglomerate. It distributes, purchases, markets and supplies wide variety of products in business areas including iron and steel; non-ferrous metals; machinery; electronics; chemicals; energy-related commodities; foods & retail, lifestyle, and consumer service. The company also participates in the other activities such as arranging finance for customers and suppliers in connection with its trading activities, organizing and coordinating international industrial projects, participating in financing, and investing arrangements, assisting in the procurement of raw materials and equipment, providing new technologies and processes for manufacturing and coordinating transportation and marketing of finished goods. It operates in the Americas, EMEA, and Asia-Pacific. Mitsui is headquartered in Tokyo, Japan.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
