Sembcorp Utilities lands long-term power purchase deal with Bangladesh Power Development Board

SEMBCORP Industries' (Sembcorp) wholly owned subsidiary, Sembcorp Utilities, has secured a long-term power purchase agreement with the Bangladesh Power Development Board.

The agreement for the supply of 414 megawatts of power over a period of 22.5 years.

The power will be supplied out of Sembcorp's upcoming power plant in the Sirajganj district of Bangladesh.

The US$400 million combined cycle gas-fired power plant is slated for completed in 2018.

Sembcorp Utilities will own a 71 per cent stake in the project while North-West Power Generation Company, a subsidiary of the Bangladesh Power Development Board, will own the remainder.