In a major stride for Bangladesh鈥檚 energy security, JERA Meghnaghat Power Limited officially launched commercial operations at one of the country鈥檚 largest and most efficient gas-fired power plants in Meghnaghat of Narayanganj on July 28.
The 745-megawatt combined-cycle gas turbine plant, with a net output of 718MW, is expected to meet 5 per cent of Bangladesh鈥檚 peak electricity demand, according to a press release issued on Sunday.
The electricity generated will be supplied to the national grid under a 22-year power purchase agreement with the Bangladesh Power Development Board.
鈥楢s Bangladesh aims to become a developed nation by 2041, its electricity demand is projected to surge to 51,000MW. The new plant will play a crucial role in ensuring reliable, efficient, and sustainable power supply to support industrial growth and economic development鈥�, read the release.
Yasunori Katsumata, CEO of JMPL, said that they were empowering industries and creating jobs while supporting Bangladesh鈥檚 long-term energy transition.
The project was financed by a consortium of banks, including the Japan Bank for International Cooperation and the Asian Development Bank.
