Over half a dozen of local and international companies are expressing their interests to set up LNG based power plants having combined capacity to generate 9483MW of electricity under unsolicited deals, official confirmed.
“We have already received eight proposals from five local and three international firms for setting up large scale LNG fired projects in the country,” said an official concern while talking to the daily sun.
Five to six more companies also contacted the authorities concerned and showed their interests for setting up the terminals, he added.
“We are now scrutinising the proposals and seek the financial proposals within a short time from short-listed companies,” the official said on the condition of anonymity.
The local energy giant Summit Corporation seeks for setting up a 583MW LNG fired power plant at Meghnaghat. Besides, another local energy giant United Enterprises and Company Ltd looks for constructing 500MW LNG based combined cycle plant at Anwara in Chittagong.
Comparatively less experience local firms Golar Power Ltd and Unique Group also showed interests to enter power sector through implementing 1500MW and 1200MW LNG-based power projects respectively. Another local firm Anlima Textile Ltd seeks to set up 400MW LNG based plant.
On the other hand, Japanese Mitsui and Co. Ltd has shown interests to set up a joint venture power project with Coal Power Generation Company Ltd Bangladesh.
Indian Reliance Power Ltd and China Petroleum Pipeline Engineering Company Ltd have also proposed to set up 3200MW and 1500MW LNG based plants at Moheskhali and Meghnaghat respectively.
Meanwhile, the Energy and Mineral Resources Division received over a dozen of proposals for setting up LNG infrastructures.
A good number of other compnaies including China Huanqui Contracting and Engineering Corp (HQC), Mitsui and Co Ltd, Offshore Oil Engineering Co. Ltd China, Hongkong Shanghai Manjala Power and Petronas, Malaysia, Intraco LNG, Sembcrop, China CAMC Engineering, KOGAS, China Petroleum Pipeline, Simgas, Summit Corporation and Global LNG are also in the pipeline.
Talking about the government interest for setting up LNG terminal and LNG based power projects, former energy adviser to the caretaker government Prof M Tamim said the government should conduct a feasibility study for adopting LNG to minimize the energy trouble.
“There might be a sudden price shock like rental power if the government fails to forecast the cost of LNG in the international market,” he said.
So, the government should go for fuel mixture for implementing the power projects, he opined.
He pointed out that industrial units now receive $4 for per mmbtu gas tariff. But, it might be doubled after import the LNG. So, the businessmen readiness will also be assessed accurately for consuming the LNG.
Electricity supply is currently facing a shortfall of 12 percent against the demand of 12,371MW.
“The Power Division will proceed with the unsolicited deals as per the instructions of the PMO,” an official said.