The Asian Development Bank's board of directors has approved a $500 million loan to develop a modern 800 megawatt power plant in Khulna along with associated connections to natural gas and power transmission facilities.
“In the face of rising demand for energy in a growing economy, the Rupsha power plant will be the first of its kind in Bangladesh, vastly increasing the availability of efficient and cleaner energy,” said ADB Energy Specialist Aziz Yusupov in a statement recently.
“By providing additional electricity supply to about 300,000 consumers, the plant will stimulate business expansion and create new jobs.”
Bangladesh faces a major challenge in providing modern and affordable energy as it suffers from recurring generating capacity shortages in the power sector.
The ADB-financed project design will ensure that the Rupsha plant uses the latest combined cycle technology, which offers the highest efficiency to convert gas to electricity.
It will also use the most advanced water treatment processes to purify and recycle liquid waste at the end of the industrial process, leaving zero discharge.
