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November 11, 2021

Payra R-LNG Combined Cycle Power Plant, Bangladesh

By Carmen

The Payra R-LNG Combined Cycle Power Plant is 3,600MW gas fired power project. It is planned in Barisal, Bangladesh. The project is currently in permitting stage. It will be developed in multiple phases. Post completion of the construction, the project is expected to get commissioned in December 2024.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Thermal 3,600 3,600 Permitting Barisal, Bangladesh BP; China National Machinery Import & Export; North West Power Generation; Siemens Energy

Description

The project is being developed and currently owned by BP, China National Machinery Import & Export, North West Power Generation and Siemens Energy. The company’s ownership stake in the project stands as 50%, 20%, 15% and 15% respectively.

It is a combined cycle gas turbine (ccgt) power plant. The fuel will be procured from bp singapore pte ltd (bp).

The project cost is expected to be around $2,800m.

Development Status

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Post completion of the construction, the project is expected to get commissioned in December 2024.

Contractors Involved

Siemens Energy is expected to render EPC services for the gas fired power project.

About BP

BP Plc (BP) is an integrated oil and gas company. Its upstream operations include exploration, development and production of oil and natural gas, field development and production; and midstream operations include transportation, and marketing and trading of natural gas, including liquefied natural gas (LNG), and natural gas liquids (NGLs). The company’s downstream operations include marketing, transportation, refining, manufacturing, supply and trading of crude oil, petroleum, petrochemical products and provision of related services to wholesale and retail customers. BP provides fuel, energy, lubricants and petrochemicals to customers. The company has operational presence in Africa, Asia, Europe, Australasia, North America and South America. BP is headquartered in London, the UK.

About China National Machinery Import & Export

China National Machinery Import & Export Corp (CMC), a subsidiary of China General Technology (Group) Holding Ltd, is a provider of mechanical and electrical products. The company’s products comprise building materials, automobiles, construction machinery, generator sets, marine equipment and machinery, aircraft and aviation equipment. It offers services such as project management, automotive supply, international engineering contracting, auto marketing, domestic trade and engineering, investment and financing services, among others. The company serves transportation, energy, railway, light industry, shipbuilding, building materials, marine, aviation, and automobile industries. It has operations in Bangladesh, China, Pakistan, Vietnam, Indonesia, Sri Lanka and Turkey. CMC is headquartered in Beijing, China.

About Siemens Energy

Siemens Energy (Siemens Energy) is an energy company. The company offers a wide range of services such as fossil power generation, renewable energy, power transmission, power distribution, automation, smart grid, compression and expansion, and mechanical drives. It also provides solutions related to the production, conversion, and transportation of primary fuels, and oil and gas. Siemens Energy also provides hydrogen solutions for hydrogen generation renewable energy. The company serves various industries such as air separation, building complexes, ceramics, chemicals and pharmaceutical, food and beverage, manufacturing, marine, metals, power, oil and gas, pulp and paper, sugar, and textiles. Siemens Energy is headquartered in Munich, Germany.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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