Bhola 225 MW (NBBL) Dual Fuel Power Plant

Basic Information 

  1. Name of the Power Plant: Bhola Integrated Power Plant (Bhola IPP) or Bhola II 
  2. Location: Kutba Union, Burhanuddin Upazila, Bhola District, Bangladesh 
  3. Capacity: 220 - 225 Megawatt 
  4. Category: Combined Cycle Power Plant (CCPP) 
  5. Fuel: Natural Gas and High Speed Diesel (HSD) 
  6. Land Acquisition: 28.28 Acres (22.00 Acres from Bhola I Project, 5.78 Acres from Local People and 5.5 Acres for Gas pipline) 
  7. PPA Period: 23 Years
  8. ESF Risk Category: B (according to AIIB Environment and Social Framework)
  9. Industrial Category: Red (according to the Environmental Protection Act of Bangladesh)

Executing Agencies 

  1. Executing Company(s): Nutan Bidyut (Bangladesh) Limited (NBBL), a subsidiary of Shapoorji Pallonji Infrastructure Capital Limited (SP Infra) 
  2. Sponsor Company(s): Shapoorji Pallonji Infrastructure Capital Company Limited (SP Infra), a subsidiary company of Shapoorji Pallonji (SP) Group, Mumbai, India 
  3. Financing Company(s): Asian Infrastructure Investment Bank (AIIB), Infrastructure Development Company Limited (IDCOL), Islamic Development Bank (ISDB) 
  4. EPC Contractor(s): Bisho Infra Projects Limited (BIPL), a project of Shapoorji Pallonji Group of Companies (SP Group) and Global Infra FZCO (10% owned by Shapoorji Pallonji and Company  Private  Limited  (SPCPL) and 90% owned by Global Energy Ventures Mauritius (GEVM))
  5. Technology Supplier: General Electric, USA
  6. Insurance Company(s): Undisclosed 
  7. ESIA Consultant(s): ERM India Limited 
  8. IR Audit Report: AECOM India Private Limited

Financial Information 

  1. Total Budget: USD 271.90 Million 
  2. AIIB Investment: USD 60.00 Million (22.1%) 
  3. IDCOL Investment: USD 22.3 million (up to 2018: 8.2%) 
  4. ISDB Investment: USD 60 Million (22.1%) 
  5. SP Infra Investment: USD 129.60 Million (47.7%) 

Important Dates

  1.  Establishment of NBBL: 27 March 2016 
  2. Letter of Intent from BPDB: 18 April 2016 
  3. IEE Report Submitted to DOE: 23 October 2016 
  4. ESIA Report Approved by DOE: 20 April 2017 
  5. ESIA Final Report Released: January 2018 
  6. Land Acquisition (1st Phase): January 2017
  7. Land Acquisition (2nd Phase): December 2018
  8. Land Acquisition (3rd Phase): January 2019
  9. Land Acquisition (4th Phase): April 2019
  10. AIIB Board Approval: 9 February 2018
  11. ISDB Loan Agreement: 26 May 2018

Project Related Documents 

Monitoring Reports 

  1. Mehedi, H., Tuhin, S.A. and Prince, M.A. (2018). Bhola Integrated Power Plant (Bhola IPP) and its Impact on Local Communities: Voices from the Ground: A Civil Society Study Report. CLEAN (Coastal Livelihood and Environmental Action Network). Khulna, September 2018.
  2. BIC Europe (2019). Dangerous Distractions: Why the Asian Infrastructure Investment Bank must help turn the tide on fossil fuels in Bangladesh. Bank Information Center (BIC) Europe, Coastal Livelihood and Environmental Action Net-work (CLEAN) and NGO Forum on ADB, Amsterdam: July 2019

Media Clippings 

  1. 11 Jul 2019: AIIB must stop backing gas in climate-hit Bangladesh: Climate Home News
  2. 25 Mar 2019: Bangladesh Bhola power project tests AIIB promises: The Third Pole 
  3. 28 Jan 2019: BRAC Bank, Bishwo Infra Projects ink deal: The Daily Sun 
  4. 27 Jan 2019: BRAC Bank signs agreement with Bishwo Infra Projects: The Financial Express 
  5. 09 May 2018: GE Power achieves another milestone in Bangladesh: MAX Group’s 163MW combined-cycle power plant begins commercial operation: GE Imagination 
  6. 04 Mar 2018: AIIB Invests to Help Bangladesh Address Power Shortages: Modern Diplomacy 
  7. 28 Feb 2018: AIIB approves loan for Bangladesh Bhola IPP energy project: Power Technology  
  8. 27 Feb 2018: AIIB to give $60m for 220-MW plant in Bhola - Its total loan for BD to reach $285m: The Financial Express  
  9. 02 Nov 2017: New CCGT in Bhola, Bangladesh, will be GE 6F.03 fleet leader: Modern Power Systems 
  10. 19 Sep 2017: GE to Supply Equipment for Shapoorji Pallonji Group's Combined Cycle Power Plant, Bangladesh: Mining Connection 
  11. 17 Sep 2017: GE Power to provide equipment for 220MW Bhola plant: The Daily Star 
  12. 15 Sep 2017: GE Power bags order from Shapoorji Pallonji Group - Report: MoneyWorks4me 
  13. 14 Sep 2017: GE Power to supply gear for Bangladesh plant: Business Line 
  14. 13 Sep 2017: GE Power bags SP Group contract for power plant in Bangladesh: The Economic Times 
  15. 13 Sep 2017: General Electric Wins Contract from Shapoorji Pallonji Group to Supply Equipment for a Power Plant in the Bhola District: Benzinga 
  16. 29 Aug 2017: First power plant fully funded by India to be set up in Bhola: The Dhaka Tribune 
  17. 28 Aug 2017: Indian co gets 220MW power plant deal sans bidding: Daily NewAge  
  18. 28 Aug 2017: Indian co gets 220MW power plant deal sans bidding: Pakistan Defence 
  19. 28 Aug 2017: Europeans increasingly interested to invest in power sector - Nasrul Hamid: United News Bureau (UNB) 
  20. 28 Aug 2017: BPDB signs agreement with Indian company to buy 220 MW power: Energynewsbd 
  21. 28 Aug 2017: Shapoorji Pallonji Group Bags Power Supply Deal: Energy & Power Bangladesh 
  22. 13 Sep 2016: GE Power to Supply Equipment for 200-MW Plant in Bangladesh: Power Engineering 
  23. 17 Mar 2016: Six power deals get go-ahead - Govt goes for wholesale unsolicited power deals; special act being used for 'speedy deals' on 2-yr-old proposals: The Daily Star 
  24. 07 Mar 2016: New Power Plant in Bhola: Unsolicited deal for Indian company?: The Daily Star 
  25. 24 Aug 2015: Shapoorji Pallonji to set up a 225 MW dual-fuel power plant in Bangladesh: CoalPost  
  26. 03 July 2015: 225 MW Power Project in Bhola: Indian Shapoorji to relocate its installed plant: Daily NewAge 
  27. 16 Sep 2012: India's Lanco to set up Bangladesh's Bhola Power Plant: Asian Power 
  28. Undated: Thermal Power Plant - CCPP Bhola: Shapoorji Pallonji Infrastructure 

Contact Persons 

  1. Jagannath Sinhamahapatra, Director, Nutan Bidyut Bangladesh Limited (NBBL), B&B Empire, 7th Floor, Plot no.116, Block E, Banani, Dhaka - 1213, Bangladesh. Tel: +88-02-9890055; Email: j.sinhamahapatra@nutanbidyut.com 
  2. Mitesh Soni, General Manager, Shapoorji Pallonji Infrastructure Capital Company Private Limited, 41/44, Minoo Desai Marg, Colaba, Mumbai - 400005, Maharashtra, India. Tel: +91-22-67490186; Fax: +91-22-67490017; Email: mitesh.soni@shapoorji.com 
  3. Prakash Bajoria, Project Team Leader (Private Sector Investment Operations Specialist), Asian Infrastructure Investment Bank, B-9 Financial St., Xicheng District, Beijing, China 100033. Tel: +86-10-83580145; Fax: +86-10-83580909; Email: prakash.bajoria@aiib.org
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