Meghnaghat Power Plant (Powertek)

Basic Information 

1. Name of the Power Plant: Powertek Meghnaghat Power Plant
2. Location: Meghnaghat, Naryanganj 
3. Geographic Position:  Beside Meghna River
4. Capacity: 450 Megawatt 
5. Fuel: Natural Gas
6. Technology: Simple Cycle Power Plant (SCPP)
7. PPA Lifetime: 22 Years
8. Land Acquisition: Undisclosed 
9. ESF Category: A (according to ADB and World Bank Safeguard Policies) 
10. Industrial Category: Red (according to Bangladesh Environmental Protection Rule 1997) 

Executing Agencies 

1. Implementer: Meghnaghat Power Limited
2. Sponsor: PowerTek Berhad, subsidiary of Pendekar Energy Limited (76%) and Pendekar Energy Ventures Limited (24%) 
3. Power Purchaser: Bangladesh Power Development Board (BPDB)
4. Financier: Asian Development Bank (ADB), Infrastructure Development Company Limited (IDCOL)
5. Insurance Company: Undisclosed 
6. EPC Contractor: Hyundai Engineering and Construction 
7. O&M Contractor:  Undisclosed
8. Technology Supplier: Ansaldo Energia
9. ESIA Consultant: Undisclosed 

Finance Information 

1. Total Budget: USD 295.00 million 
2. ADB Investment: Undisclosed
3. IDCOL Investment: USD 80.00 million 
4. Pendekar Energy: Undisclosed 
5. Pendekar Ventures: Undisclosed

Important Dates 

1. 04 Feb 1995: Meghnaghat Power Limited registered under Bangladesh Company Act 1994 
2. November 2002: Started commercial operation 
3. 2003: AES sold the power plant to CDC Globeleq (UK) 
4. 2007: CDC Globeleq sold the power plant to Powertek Energy Limited (Pendekar)
5. 26 Nov 2002: IDCOL approved a loan of USD 80.00 million

Media Clippings 

1. 15 Apr 2015: Meghnaghat starts injecting 273 MW electricity to grid: Energy Bangla