The Bangladesh government has decided to set up 10 power plants with a capacity of generating 830 mw on emergency basis to meet the growing demand for electricity.
Briefing reporters after an Executive Council of the National Economic Council (ECNEC) meeting at the NEC conference room here. Total of Taka 7,203 crpre will be needed to set up the new power plants and those would be kept operational during peak hours.
Prime Minister and ECNEC chairperson Sheikh Hasina presided over the meeting. Ministers and concerned secretaries were present at the meeting, said a press release.
Planning Minister Air Vice Marshal (retd) AK Khandaker today said the project would be entirely be financed
by the government and it would be implemented by the end of next year.
These power plants are expensive as it would be diesel-run and that is why the power plants would be kept operative four to five hours a day.
The ECNEC meeting gave approval to seven projects involving Taka 13,822 crore including Taka 914 crore project aid.
Sources : The Chittagong City Corporation has completed land acquisition and survey for setting up a 500MW power plant at Raipur under Anowara upzila and the construction of a 12.5km elevated expressway in the port city at a cost of Tk 5,150 crore.
Sources in the engineering department of the corporation said the 500MW coal-based power plant would be set up at Raipur, south side of the River Karnaphuli in the city, on a build-operate-and-transfer basis at a cost of Tk 3,650 crore while the 12.5km elevated expressway will start at the city?s Dewanhat to Chittagong Shah Amanat International Airport at a cost of Tk 1,500 crore.
The CCC has already acquired 20 acres of land and completed other survey of the power plant project.
The CCC sources said after approval by the LGRD ministry, the proposed project has already been sent to the Planning Commission for vetting.
The Planning Commission asked the CCC to amend a few articles of the project profile within March 15 next. With necessary amendment, the project profile is likely to be sent to the Planning Commission for approval within May next.
If the proposed power plant is completed, the people of Chittagong would get rid of load shedding and the city dwellers will be relieved of the exhausting traffic congestion at Agrabad commercial area after constructing 12.5km Dewanhat to Airport Expressway, the source added.
Sources said the development works of the said two projects were expected to begin by July-August this year and be completed in the next three years and a half.
Foreign investors showed their eagerness to invest for operating the projects for 25 years while the city corporation would also earn a portion of the profit from the project, the CCC planning department sources said.
The investors will hand over the projects to the city corporation after 25 years of their operation, the source added.
It said the government would provide security bond to the investors for their investment in the projects.
A senior engineer of the CCC said the investors from Malaysia, China and Singapore had already expressed their interests to invest and implement the projects.
The ministry concerned directed the initiators of the project to operate the power plant projects using coal as the gas supply is not sufficient in Chittagong to run the project.
The city corporation chief engineer, Abul Hasnat, said the people of Chittagong had been facing untold suffering because of traffic jam in the 12.5km stretch of road from Dewanhat to Airport every day.
The city corporation is likely to float tender for the elevated expressway by next month, CCC sources said.
According to the Chittagong Development Authority Master-plan about five to six thousand vehicles ply the Dewanhat-Airport road per hour.
After construction of the expressway, the users will use the road by paying tolls to the investors and would be able to reach their destinations within a short time.
The system of gate pass after paying specific tolls would be incorporated in five separate places of both ways of the elevated expressway.
Talking to the news agency, the Chittagong Development Authority chairman, Abdus Salam, said, ?We need such infrastructural development for upgrading Chittagong as a world class city.?