Contract with Chinese consortium for Khulna 330 MW plant faces termination
Afrida Ahmed: Since the contractor couldn’t arrange sufficient fund, the project of Khulna 330 MW dual-fuel combined cycle power plant is going to get closed, reports UNB.
On November 17, 2016 the government signed a contract with the Chinese Consortium of Harbin Electric International Co Ltd (HEI), and Jiangsu Etern Co Ltd to construct the plant’s simple cycle unit within 15 months and combined cycle unit within 30 months, according to official sources.
After 19 months, no progress has been made since the contractor failed to arrange money from the Chinese bank.
Officials informed that the project costs around $400 million, equal to Tk 3,253 crore. The Chinese Exim Bank was supposed to give $304 million, equivalent to Tk 2370 crore, which shares 85 percent of the turnkey contract cost.