The government is up to set up a 350 MW coal-fired power plant in Taltoli Upazila of Barguna district. The contractors are already preparing the power plant site land. The power plant is expected to begin its operation in 2022.
The project is being jointly implemented by China’s ‘Power China Resource Limited’ and ‘ISO Tech Electrification Company Limited’, a subsidiary of ISO Tech Group of Bangladesh approximately cost of about $540 million. Earlier, ISO Tech has completed the Power Purchase Agreement with the Bangladesh Power Development Board on 12th April of this year.
The entire project will require 300 acres of land and the government will purchase power from this plant for a tenure of 25 years according to the agreement. The tariff to buy power from this plant is settled to 6.77 tk per unit though it’s highly dependable on the market price of coal.
Firoz Chowdhury, the media advisor to ISO Tech said that, they will be installing a hospital having 50 beds in the local vicinity along with other community institution like schools, mosque, temple and madrasa. The project will create 3.5 thousand new employment opportunity, he added.