B’desh PM to open entirely Lankan built power plant in Dhaka

By Ifham Nizam

Bangladesh Prime Minister Sheikh Hasina will soon inaugurate the Sri Lankan engineers built USD 50 million Power plant of Raj Lanka Power Company Ltd., in Dhaka.

The complete Engineering, Procurement and Construction (EPC) solution was done solely by Sri Lankan Engineers and it is a trademark of Sri Lankan expertise being established overseas.

Raj Lanka Power Company Ltd (RLPCL) (a subsidiary of LTL Holdings Group (LTL) or Lanka Transformers Limited) incorporated in Bangladesh to Build, Own, and Operate (BOO) a 52.2 MW heavy fuel oil fired power plant at Natore, Dhaka to supply power to the Bangladesh Power Development Board (BPDB) for 15 years under a Power Purchase Agreement (PPA).

 The total investment of the project is approximately USD 50 million was funded by Lakdhanavi Ltd, Lanka Energy Fund Ltd and A & A fashions Sweaters Ltd, Bangladesh as equity investors and financial institutions in Sri Lanka and Bangladesh as Lenders.

 The project was completed by a team of engineers and technical staff of Lakdhanavi Ltd before the deadlines given in the implementation plan by the Ministry of Power, Energy and Mineral Resources (MPEMR) of Bangladesh.

 Lakdhanavi Limited as of now has completed power plants totalling 300 MW in Bangladesh. Each power plant was commissioned for operation by Sri Lankan Engineers and Technicians doing everything from Engineering, Procurement, and  Construction.

 A senior LTL official told The Island that Bangladesh Authorities were now looking to add more power capacity to their national grid.

He said that the good news was that Lakdahnavi Limited had established its name in the forefront of entities to satisfy the increasing demand.

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