ACWA Power, a global leader in water desalination and power generation, announced signing a Memorandum of Understanding with the Bangladesh Power Development Board (BPDB) for a LNG-based power plant and terminal in Bangladesh. As part of the agreement.
ACWA Power will target the development of 3,600 MW gas fired Independent Power Plants representing a total investment amount of approx. USD $2.5 billion, that will help meet the country’s growing power demand.
The Gas Power Plant project will consist of the intended power plants as well as a regasification terminal on-ground with an expected additional investment of approximately USD $500 million. The plant will potentially be located in Maheshkhali, or an alternate location, upon completion of the feasibility study.