Confidence Group 2nd Largest Power Plant at BSMSN

Industry: Energy & Power, Power
Company: Confidence Power, Zodiac Power Mirsharai Limited
Company Intelligence Tag: Business Insights

Zodiac Power Mirsharai Limited, a subsidiary of Confidence Power Holdings, is planning to construct Bangladesh’s second-largest private power plant in Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN). The proposed plant will have a capacity of 660 MW and will be either gas-based or re-gasified liquefied natural gas (RLNG) based, with an estimated cost of $550 million.

The company has already deposited Tk52 crore as leasing fee for a 33-acre land area and aims to finalize the land lease agreement soon. The power plant is expected to be operational by June 2027. Confidence Power Holdings has partnered with American General Electric, which will own 20% of the project share. However, there are concerns regarding gas supply to the power plant due to existing gas-based power plants facing shortages. Confidence Power has the option to import gas on its own to meet the requirements if needed. Bangladesh’s total electricity production capacity is 28,134 MW, with private power plants contributing 10,115 MW.

Source for more details:

Related News

NWPGCL to Build Two Solar Plants with 140MW Capacity by 2026

May 14, 2025

North West Power Generation Company Ltd (NWPGCL) is set to boost Bangladesh's clean energy capacity by developing two new solar power plants with a combined output of 140 megawatts. The 80MW Padma Solar Power Plant will be located in Shariatpur and Madaripur

Govt to Buy Two LNG Cargoes from Vitol

May 12, 2025

The government of Bangladesh has approved the purchase of two LNG cargoes from Singapore's Vitol Asia Ltd through the spot market, with a total expenditure of Tk 1,104.41 crore—one cargo costing Tk 549.09 crore and the other Tk 555.32 crore.

Jamuna Oil Profit Hits Tk 140.58 Crore In Q3 FY2024-25

May 3, 2025

amuna Oil Company reported a 56% year-on-year profit increase to Tk 140.58 crore in Q3 of FY2024-25, driven by higher petroleum sales and increased interest income from deposits. Earnings per share (EPS) for January–March 2025 rose to Tk 12.73 from Tk 8.14 in the same quarter last year, while EPS for July 2024–March 2025 reached Tk 36.65, up from Tk 26.60.

Experts Call for Renewable Energy Roadmap in Bangladesh

April 27, 2025

Experts at a recent seminar emphasized Bangladesh’s urgent need for a long-term financing roadmap to expand renewable energy and achieve net-zero carbon emissions by 2050. They highlighted the necessity for monetary policies that encourage commercial lenders to invest in renewables.

Qatar To Renew LNG MoU With Bangladesh For Expanded Supply

April 24, 2025

Qatar has agreed to renew a previously expired MoU with Bangladesh for liquefied natural gas (LNG) supply and advance discussions on a land-based LNG terminal in Cox’s Bazar. Under the existing SPA signed in 2017, Bangladesh imports 1.5–2.5 million tonnes per annum (MTPA) of LNG for 15 years, with a second SPA signed in June 2023 for an additional 1.5 MTPA starting in January 2026.

Gas Dues Drop To 240 Million By April FY 2025

April 23, 2025

Between August 2024 and mid-April 2025, outstanding dues in Bangladesh’s gas sector dropped by 68%, from $750 million to $240 million, due to an aggressive repayment push by the interim government. Over $500 million was cleared in just six weeks, with $180 million disbursed between April 7–16 alone.

Related News

NWPGCL to Build Two Solar Plants with 140MW Capacity by 2026

May 14, 2025

North West Power Generation Company Ltd (NWPGCL) is set to boost Bangladesh's clean energy capacity by developing two new solar power plants with a combined output of 140 megawatts. The 80MW Padma Solar Power Plant will be located in Shariatpur and Madaripur

Govt to Buy Two LNG Cargoes from Vitol

May 12, 2025

The government of Bangladesh has approved the purchase of two LNG cargoes from Singapore's Vitol Asia Ltd through the spot market, with a total expenditure of Tk 1,104.41 crore—one cargo costing Tk 549.09 crore and the other Tk 555.32 crore.

Jamuna Oil Profit Hits Tk 140.58 Crore In Q3 FY2024-25

May 3, 2025

amuna Oil Company reported a 56% year-on-year profit increase to Tk 140.58 crore in Q3 of FY2024-25, driven by higher petroleum sales and increased interest income from deposits. Earnings per share (EPS) for January–March 2025 rose to Tk 12.73 from Tk 8.14 in the same quarter last year, while EPS for July 2024–March 2025 reached Tk 36.65, up from Tk 26.60.

Experts Call for Renewable Energy Roadmap in Bangladesh

April 27, 2025

Experts at a recent seminar emphasized Bangladesh’s urgent need for a long-term financing roadmap to expand renewable energy and achieve net-zero carbon emissions by 2050. They highlighted the necessity for monetary policies that encourage commercial lenders to invest in renewables.

Qatar To Renew LNG MoU With Bangladesh For Expanded Supply

April 24, 2025

Qatar has agreed to renew a previously expired MoU with Bangladesh for liquefied natural gas (LNG) supply and advance discussions on a land-based LNG terminal in Cox’s Bazar. Under the existing SPA signed in 2017, Bangladesh imports 1.5–2.5 million tonnes per annum (MTPA) of LNG for 15 years, with a second SPA signed in June 2023 for an additional 1.5 MTPA starting in January 2026.

Gas Dues Drop To 240 Million By April FY 2025

April 23, 2025

Between August 2024 and mid-April 2025, outstanding dues in Bangladesh’s gas sector dropped by 68%, from $750 million to $240 million, due to an aggressive repayment push by the interim government. Over $500 million was cleared in just six weeks, with $180 million disbursed between April 7–16 alone.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here