December 30, 2015
Honorable Finance Minister, Mr. Abul Maal Abdul Muhith
Honorable Energy Advisor to Prime Minister, Dr. Towfiq-e-Elahi Chowdhury,
Honorable State Minister of Power, Energy and Mineral Resources, Mr. Nasrul Hamid,
Mr. Monowar Islam, Secretary of Power Division,
Mr. Md. Abul Quasem, Managing Director, Coal Power Generation Company Bangladesh Limited,
Ladies and gentlemen.
Assalam alaikum, Namaskar and Good Morning.
I feel honored to be here and have an opportunity to deliver some words on this momentous occasion.
JICA's vibrant cooperation in power and energy sector has been increasingly predominating in Bangladesh. Our total support to power generation has amounted to 2,370MW, 23% of total effective capacity including both existing and under implementation plants.
Indeed the power and energy sector is one of the core strategic pillars of the Bay of Bengal Industrial Growth Belt, or BIG-B for short, which was agreed upon by the Honorable Prime Ministers of Japan and Bangladesh during their summit last year as a guiding principle of the bilateral development partnership.
BIG-B is an initiative to accelerate industrial agglomeration along the Dhaka-Chittagong-Cox's Bazar belt and beyond. BIG-B expects Bangladesh to take advantage of its linchpin position between South Asia and South-East Asia and play the role of a regional "node and hub," so that Bangladesh will reshape herself as a sparkling trading nation which is deeply incorporated into global value chains. And this Matarbari Ultra Super Critical Coal-Fired Power Project is the very flagship of BIG-B.
The project is to construct two units each with 600MW power plant adopting the state-of-the-art technologies of ultra-super critical coal firing which will enable stellar thermal efficiency of 45% and drive down CO2 and NOx/SOx emissions way below those in some developed countries.
The project is also to materialize Bangladesh's first-ever deep sea port of 18.5 meter depth with a navigation channel of 14km which will allow Panamax-class ships of 80,000 tons to directly enter for unloading imported coal.
The Matarbari Power Project covers construction works for power plants, deep sea port, navigation channel, coal handling facilities, access roads, transmission lines and consulting services. In June 2014, JICA signed on the first loan agreement for the Project.
To expedite the progress, CPGC has been performing very quickly in selection of consultants, budget transfer for land acquisition to the local authorities and bidding process for port construction. We expect construction work will start early next year.
Upon completion of the project, it will surely be a big boost to facilitate a higher economic growth through providing reliable and stable electricity. I hope today's visit will add great momentum and augur well for the success of this epoch-making project.
Shobaike Annek Donnobad. Thank you very much.