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    • May 26
    • 3 min read

Mirsarai 660 MW (Confidence) LNG Power Plant

Current Status: Announced

 Representational photo: BWGED


Mirsarai 660 MW LNG Power Plant, also known as Confidence Mirsarai Power Plant, is a Combined Cycle (CC) power plant to be situated in Mirsarai in Chattogram District of Bangladesh (Location: 22.7774, 91.5667) approx. It is proposed by a consortium of Confidence Group and General Electric to install as a private Independent Power Producer (IPP) for 22 years. As per schedule, the power plant will start commercial operation on 30 June 2027 and retire on 29 June 2049.


Capacity

The installed (gross) capacity of the power plant  is going to be 660 MW.


Context

The Bangladesh Power Development Board (BPDB) had initiated to set up of a 660-MW gas / RLNG (R-liquefied Natural Gas) combined cycle power plant at Mirsarai in Chittagong under the Ministry of 

Power, Energy and Mineral Resources (MPEMR).  It will be the second-largest power plant by a private company. The cabinet committee on purchase approved the plant on 29 December 2021, which will be implemented by the Bangladesh Power Development Board (DS 2021).


A Consortium of Confidence Power Holdings Limited, GE Capital US Holding Inc., Confidence Power Limited, and Electrapack Industries Limited will implement this power project (BI 2021) holding 62%, 20%,9%, and 9% respectively (NA 2022). Bangladesh Power Development Board (BPDB) issued a Letter of Intent (LOI) on 16 January 2022 as a preliminary commitment to commission the power plant (BPDB 2022).


According to the LOI, the expected Commercial Operation Date (COD) of the power plant was scheduled for 30 June 2027. The Power Purchase Agreement (PPA) is yet to be signed (BPDB 2022). However, BPDB rescheduled its plan to start its commercial operation nowadays. In the recent progress report of BPDB, they declared that the power plant is estimated to start its commercial operation in January 2029 (BPDB 2024).


Land Acquisition

The power plant will be built on a 33-acre area of land at the Bangabandhu Sheikh Mujib Shilpa Nagar  (TBS 2023).


Finance 

The project cost is estimated at $550 million. Confidence Power Holdings has already deposited BDT 52 crore Tk as a leasing fee for the land (TBS 2023). The gas-based levelized tariff charge per megawatt hour is 3.679 US cents, equivalent to BDT 2.9432 Tk and the RLNG-based per-megawatt levelized tariff is 6.796 US cents equivalent to BDT 5.4368 Tk.


Sponsors

A Consortium of Confidence Power Holdings Limited, GE Capital US Holding Inc., Confidence Power Limited, and Electrapack Industries Limited will implement this power project (BI 2021) holding 62%, 20%,9%, and 9% respectively (NA 2022).


Contractors

Contractor information was not found.


Fuel Supply

Karnaphuli Gas Distribution Company Limited (KGDCL) will supply natural gas to the power plant (BI 2021).


Power Generation

In the recent progress report of BPDB, they declared that the power plant is estimated to start its commercial operation in January 2029 (BPDB 2024).


Environment

According to Section 12 of the Bangladesh Environment Protection Act 1995, Environmental Impact Assessment (EIA) is obligatory for any industry (MOLJPA 1995). Polluting industries, such as power plants, must undergo an Initial Environmental Examination (IEE) and EIA as directed in the Environmental Conservation Rules 2017 (MOEFCC 1997). But, to date, no IEE or EIA report has been conducted for the power plant. According to the environmental conservation rule 2023 the project falls in the “Red” indicating it as a potential harmful project for the environment (MOEFCC 2023).


Reference

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