Lakdhanavi commences Feni Power Plant construction

Tuesday, 26 June 2018 00:10 - - {{hitsCtrl.values.hits}}

Feni Lanka Power Ltd. (FLPL) a subsidiary of LakdhanaviLtd., Sri Lankasigned the Power Purchase Agreement (PPA) and Implementation Agreement (IA)with Bangladesh Power Development Board and Ministry of Power, Energy and Mineral Resources (MPEMR) for implementing an 114MW HFO based IPP Power Plant in Feni District. ThamakaThimbiripola, (Director), from FLPL and Mina Masudu-zzaman(Secretary, BPDB), Sheikh Faezul Amin(Joint Secretary, Power Division) from BPDB andthe Ministry graced the signing ceremony.

In 2016 the Government of Bangladesh decided to implement 10 new Greenfield HFO firedpower plants of 100±15% MW each on Build, Own and Operate (BOO) basis in 10 different locations and called for international tenders by BPDB. Lakdhanvi secured the project of capacity 114MW which is to connect with 132/33 kV Feni Grid Substation.

Upon issuance of the Letter of Intent on 15 May 2017 by BPDB, Lakdhanavi Ltd. incorporated Feni Lanka Power Ltd. (FLPL), a Special Purpose Vehicle (SPV) for implementation of the project. Subsequently, LFPL singed the Implementation Agreement (IA) Power Purchase Agreement (PPA) with an 18 months project implementation period. Project is expected to be constructed on a land area of approx. 10 acres close to the Dhaka Chittagong highway in Feni region.