Three upcoming large gas-fired power plants in Meghnaghat, Bangladesh, are nearing completion but face challenges as existing gas-based plants are operating at reduced capacity due to poor and insufficient gas supply. With a combined capacity of 1,917 MW, these new plants are expected to go online by October 2023. However, their operation relies on meeting the demand of approximately 322 million cubic feet (mmcf) of gas per day, which remains uncertain. The government may have to pay an annual “capacity charge” of Tk2,600 crore for idle plants if the gas supply situation does not improve. The delay in gas supply has affected the project timelines of power plant companies, including Summit Power International, Unique Group, and Reliance. The inadequate gas supply poses financial burdens for the Bangladesh Power Development Board and raises concerns about implementing power plant projects without ensuring gas availability.
3 New Power Plants Face Challenges Amid Gas Shortage
Industry: Energy & Power, Power
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