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Jakarta Post

Bangladesh energy project still on track despite concerns

  • Tama Salim and Stefanno Reinard Sulaiman

    The Jakarta Post

Dhaka/Jakarta   /   Thu, November 22 2018   /  02:50 am

Progress is “going quite well” as Indonesia plans to expand its energy portfolio into Bangladesh, a member of the South Asian nation’s chamber of commerce and industry has said, amid concerns of a supply shortfall in Indonesia and financial burdens at state-owned oil and gas holding company Pertamina.Bangladesh has tapped Pertamina’s electricity business subsidiary, PT Pertamina Power Indonesia, to help fulfil a substantial portion of liquefied natural gas (LNG) to meet the country’s growing demand for energy, as it aims to boost its power generation capacity to 24,000 megawatts (MW) by 2021.Under the US$2 billion deal with the Bangladesh Power Development Board (BPDP), Pertamina Power has agreed to develop a Combined Cycle Gas Turbine (CCGT) independent power plant with an installed capacity of 1,400 MW and a floating, storage and regasification unit (FSRU) in Moheshkhali, Chi...