The construction for the 1,200 MW Matarbari ultra super critical coal-fired power plant is in progress with an expectation to start generating electricity from the first 600 MW unit by next January 2024.
In this project jetty and coal handling facilities for coal import, coal storage, power plant construction, township development, rural electrification, construction of transmission facilities with 400 kV transmission line and road communication will be constructed.
As of July 2021, about 55.85 per cent of the engineering, procurement and construction (EPC) has been completed. The total cost of the project has been estimated around to be $4.5 billion as stated by a senior official of the state-run Coal Power Generation Company Bangladesh Limited (CPGCBL) who is charged with the development of the project.
The EPC contractors for this project are Consortium of Sumitomo Corporation, Toshiba Energy Systems and Solutions Corporation and IHI Corporation.
For this project the government and CPGCBL is financing Tk70.45 billion Tk289.39 billion, respectively.