Ghorasal Quick Rental Power Plant

active

Prospective

In 2009, the Bangladesh Power Development Board (PBDB) awarded approximately 14 rental projects under the "quick" rental program which did not require a formal tender, and were unsolicited proposals. The QRPP projects were supposed to add about 1,000 MW of electricity to the national grid. The Ghorasal Quick Rental Power Plant was awarded to Aggreko [United Kingdom] and had two units of 100MW and 45MW of installed capacity. The toal project cost was estimated at US $34 million. To calculate this estimate, first the investment's present value (PV) was assumed by multiplying an assumed investment per kilowatt (US$600) by the plant’s installed capacity. The PV was then used to find an annual amortized payment, assuming 15 years as the expected asset life and a discount rate of 10%. This annuity payment was then multiplied by the term of the rental contract in years, giving the sponsor’s total estimated investment. The plant began test operations in July 2010. The first 100 MW became operational on August 18, 2010. The entire plant was operational as of November 2010 according to the PBDB electricity generation report. . Reported operational in December 2012.

Energy

Bangladesh

World Bank Group

Project

Power Generation (CCGT), Government, Solar