Payra 1320 MW Thermal Power Plant Project (1st & 2nd Phase)

NWPGCL signed a Memorandum of Understanding (MOU) with China National Machinery Import & Export Corporation (CMC), China on 19.03.2014. Later on, NWPGCL signed the Joint Venture Agreement (JVA) with CMC on 09.06.2014 at the Great Hall of the People, Beijing, China in presence of the Hon’ble Prime Minister of the Government of Bangladesh and the Hon’ble Prime Minister of the People’s Republic of China in order to implement Payra 1320 MW Thermal Power Plant Project by using eco-friendly ultra-supercritical technology on turn-key basis and by establishing a Joint Venture Company (JVC). Then, Bangladesh-China Power Company (Pvt) Limited (BCPCL) was formed on 01.10.2014.

The EPC contract for implementation of Payra 1320 MW Thermal Power Plant Project (1st Phase) at Dhankhali, Kalapara, Patuakhali was signed on 29.03.16 between BCPCL and Consortium of NEPC & CECC, China. The EPC work runs in full swing. The Unit-1 and Unit-2 of the Plant are expected to be commissioned in April, 2019 and October, 2019 respectively. Payra 1320 MW Thermal Power Plant Project (2nd Phase) has been taken at hand to implement it at the same location by the same EPC Contractor.

Coal will remain as main source of energy for several decades. This is because coal is the most important commercial source of energy. In this context, the Company intends to have a schematic plan for installing eco-friendly ultra-supercritical coal fired power plants for the cost-effective nature of coal. Moreover, the Company intends to implement renewable energy (solar & wind) based power plants where energy is cost-free.

Salient Features of Payra 1320 MW Thermal Power Plant Project (1st Phase)

Invitation for Bid 29.09.2015
EPC Contract signing 29.03.2016
EPC Contractor Consortium of NEPC & CECC, China
EPC Contract Price 1,720,117,137.00 USD
3,957,128,368.00 BDT
Total Project Cost 2.48 Billion USD
Project Financier CEXIM Bank
Progress of EPC Work Physical_Progress:93.26% (1st Phase)
Financial_Progress:71.00% (1st Phase)
Plant capacity 1320 MW (2 x 660 MW)
Boiler Technology Ultra Supercritical (26.25 mpa/600/610°C )
Turbine Heat Rate 7522 KJ/KWh
Cooling Water System Closed Circulation of Water Using Cooling Tower
Power Evacuation 400 KV GIS Substation 400 KV Transmission Line (Payra Power Plant – Gopalganj – Dhaka)
Primary Fuel Sub – Bituminous / Bituminous Coal
Coal Sourcing P.T. Bayan Resources Tbk, Indonesia
Coal Transportation Oldendorff, Germany
Expected COD First Unit: December, 2019
Second Unit: June, 2020

PROJECT FINANCING

The Project Company (BCPCL) has arranged the project loan. The Framework Financial Agreement of USD 1.984 Billion for Payra 1320 MW Thermal Power Plant Project between the CEXIM and BCPCL was signed on 14.10.16 in presence of the Hon’ble President of the People’s Republic of China and the Hon’ble Prime Minister of the Government of Bangladesh at the Prime Minister’s Office, Bangladesh. Then, the Project Financing deal was inked on 03 May, 2018 between BCPCL and CEXIM.