$400 land dev work for Matarbari power plant begins
Coal Power Generation Company Bangladesh Limited (CPGCBL) has kicked off a $ 400 million land development work at Matarbari in Cox's Bazar on Saturday for construction of 1,200MW Matarbari coal-fired power project.
"A 250 meter wide and a 4- kilometer- long channel will be constructed here to procure coal and LNG, primary fuel of this project," Md Abul Quasem, Managing Director of Power Generation Company, told the Daily Observer on Saturday.
Officials said the government attached top priority to Matarbari power project and the plant would be built after addressing all environmental concerns with effective measures.
On completion, the coal-fired Matarbari plant will have an installed capacity of 1,200MW, with two units having capacity of 600MW each. The project also includes a deep-sea port near the plant for handling coal imports for the plant.
As per contract, the first unit of the 1,200MW power plant will be commissioned by December 2022 and the other by June 2023.
Japan International Cooperation Agency (JICA) will provide $4.56 billion for the project when the government will arrange necessary additional funding. However, Japanese company will complete all necessary jobs as per contract.
CPGCBL signed a contract for construction of 1,200MW Matarbari coal-fired power project with Sumitomo-led Japanese consortium in July last.
The Matarbari Coal-fired Power Project is the country's second largest investment project, next to Rooppur Nuclear Power Project, funded by JICA. On July 6, Japan International Cooperation Agency, the lending agency of the country's second largest project, approved the evaluation report of the financial proposals.
The government started designing the Matarbari 1200MW plant project in 2010 and completed the feasibility study in September 2013.
"CPGCBL is starting paying Tk 200 crore as compensation to local people of Matarbari and Volghata village to implement the 1200MW Matarbari ultra-supercritical coal-fired power plant in Cox's Bazar district," a senior official said.
"This amount will be spend among 2500 people of the two villages to rehabilitate them socially and financially", the managing director of CPGCBL said
"It is a world class package. Initially, we calculates that we need around Tk 100 crore excluding the land price, later, we includes some socio-economic activities in this package so that the people of this locality could be able to earn and self-employment. And finally it stood Tk 200 crore," the MD said, adding that they paid Tk 326 crore for land acquisition.
The government expects to commence electricity generation from the plant in December 2022. It will also spend Tk 237.21 crore for acquiring 1414.65 acres of land for the plant. At least one member of the every affected family will get job at the plant, he said.