A unit of US conglomerate General Electric or GE has secured another contract for a 718-megawatt LNG-powered plant in Meghnaghat, Bangladesh.
The developer of the plant is Reliance Bangladesh LNG & Power, a joint venture between India’s Reliance Power and Japan’s JERA.
The new award comes after GE’s announcement in July last year for the plant’s gas turbine technology upgrade.
Under the new deal revealed on Wednesday, GE said it would provide maintenance services and a suite of digital solutions for the upcoming combined cycle power plant.
GE said the 22-year agreement includes equipment maintenance on the gas and steam turbines, and auxiliaries, and implementation of plant-wide digital solutions.
The Meghnaghat power plant will get power from two GE 9F gas turbines, one GE D11 steam turbine, and three H53 generators.
It will utilize regasified LNG to generate the equivalent electricity needed to supply more than 850,000 homes in Bangladesh, according to GE.
Reliance has a 51 percent stake in the LNG-to-power project while JERA owns the rest.
The Reliance-Jera joint has last year signed a loan for full financing of the project totaling $642 million. The venture signed the deal with a group of banks including JBIC and the Asian Development Bank.
In addition, Bangladesh Power Development Board will take the electricity generated by the project under a 22-year deal.
The partners previously said that the EPC contractor South Korea’s Samsung C&T should complete the plant in 2022.
