The company has already installed several power plants having a total generation capacity of 1070 MW.

“Now our target is to become a leading power generation company of the country,” said a top official at the NWPGCL.

In its latest move, the company signed a joint development agreement (JDA) on September 7 with German-based global leading power equipment and technology Siemens to set up an imported LNG-based 3,600 MW power plant by 2024.

As per the plan, the new plant will be located adjacent to the existing 1320 MW coal-fired power plant in Payra of Patuakhali district.

According to the deal with Siemens, the first phase of 1200 MW of the plant will be installed by 2021 while the second phase of 2400 MW plant by 2024.

“We’ll make our all-out efforts to implement the largest power project within the targeted time,” said AM Khurshid Alam, the managing director and chief executive officer (CEO) of the NWPGL.  

The officials said the NWPGCL primarily started with projects like Sirajganj 150 MW peaking power plant, Khulna 150 MW peaking power plant and Bheramara 410 MW combined cycle power plant.

It began providing electricity to the national grid in November 2012 after the commissioning of its Sirajganj 150 MW simple cycle power plant which was later upgraded to a 225 MW combined cycle one.

“We’ve successfully implemented the Sirajganj 225 MW combined cycle power plant, Khulna 225 MW combined cycle power plant, and Bheramara 410 MW combined cycle power plant within 10 years’ time,” said another NWPGCL official.

The NWPGCL is currently engaged in implementation of a good number of new projects like unit-3 of Sirajganj 225 MW, Sirajganj 400 MW (±10%) combined cycle power plant, Payra coal-fired 1320 MW thermal power plant under JVA with Chinese company CMG, Madhumati 100 MW HFO-based power plant, Rupsha LNG-based 800 MW combined cycle power plant and Sirajganj 7.6 MW grid-connected solar photovoltaic power plant projects.

After implementation of these projects, the NWPGCL officials said, its total installed capacity will rise to 3928 MW.

As part of future development projects, they said, there are seven power plant projects with the installed capacity of 6237.6 MW are under planning.

The NWPGCL will be able to supply some 7,000 MW of electricity within 2021 and 10,000 MW within 2030 to the national grid, said the company officials.