ACWA Power, BPDB sign MOU for 3,600 MW gas fired Independent Power Plant in Maheshkhali

ACWA Power has signed 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. US$2.5 billion, that will help meet the country’s growing power demand.

The project will consist of the intended power plants as well as a regasification terminal on-ground with an expected additional investment of approximately US$500 million. The plant will potentially be located in Maheshkhali, or an alternate location, upon completion of the feasibility study.