Saiham Power IPP
Sector: Government • Location: Chittagong, Bangladesh
Source: World Bank Group
In March 2009, a 10 MW, greenfield, independent power producer (IPP) project developed by Saiham Power at Mohipal (Feni), reached financial closure.
In July 2007, the Purchase Committee of the Bangladesh government awarded the project to Saiham Power, a subsidiary of Saiham Group. The award was the result of a competitive tender for setting up 10 small IPPs called by Power Cell in April 2007.
- Status
- Prospective
- Sector
- Government, Power Generation (CCGT), Natural Gas, Commercial
- Location
- Chittagong, Bangladesh
- Updated
- 22 Jul 2026
- Source
- World Bank Group
ConstructChat
Ask ConstructChat about Saiham Power IPP
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | In March 2009, a 10 MW, greenfield, independent power producer (IPP) project developed by Saiham Power at Mohipal (Feni), reached financial closure. In July 2007, the Purchase Committee of the Bangladesh government awarded the project to Saiham Power, a subsidiary of Saiham Group. The award was the result of a competitive tender for setting up 10 small IPPs called by Power Cell in April 2007. Saiham Power was developing the plant through its subsidiary, Doreen Power House & Technologies Ltd. In October 2007, the Implementation Agreement (IA), Land Lease Agreement (LLA), Power Purchase Agreement (PPA) and the Gas Sales Agreement (GSA) were signed. The plant was to be operational within 15 months of the signing of these agreements. The total project cost was reportedly BDT564 million (US$8.17 million). In March 2009, Dhaka Bank signed a syndicated Term Loan facility of BDT330 million (US$4.78 million). The loan amount included BDT180 million (US$2.6 million) in long-term financing from the Investment Promotion and Financing Facility (IPFF), a facility that is funded by World Bank (IDA) and administered by the central bank of Bangladesh, Bangladesh Bank. |
Original sector | Energy |
Budget |
Location
Country | Bangladesh |
State | Chittagong |
Source
Source reliability | High |
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Government, Power Generation (CCGT), Natural Gas, Commercial |
Article published date | 2023-02-20 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project