12th LPG Trade Summit

23-25 Oct, 2017 - Dubai

The H Dubai

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Bangladesh to build first LPG-fueled power plant, Allows Private Sector to enter LPG Storage Market

Posted on : 02 Oct, 2017

 

Bangladesh based company – Beximco Group is expected to build the country’s first LPG fueled power plant. This move is in tune with the government’s plans to replace renewable energy sources in power, transport and industrial sectors with LPG.

According to State Minister for the Ministry of Power, Energy and Mineral Resources Nasrul Hamid, “Bangladesh plans to construct its first LPG-fired power plant to diversify energy supply sources and ease pressure on the country’s diminishing natural gas resources”.

Although the plant’s capacity and location are yet not revealed, it is confirmed that US-based General Electric will be the technical partner for the project.

The move is expected to further fuel the demand for LPG in Bangladesh – which has seen strong growth since last year – owing to the increasing suspension of natural gas connections and growth in the use of LPG as an auto fuel. 

Further, the new policy will enable private sector players to enter the market as it allows them to set up LPG terminals, Autogas filling stations, auto gas conversion plants and LPG bottling plants.

38 new licenses have been issued by the government to private companies to build LPG storage and bottling plants. These license holders are also authorized to supply LPG to households, autogas filling stations as well as commercial and industrial clients via dealers and franchises. Additionally, they can export bottled LPG or LPG in bulk after attaining relevant permissions from the ministry.

Find out more about Bangladesh’s first LPG-fueled power plant from Mr. Sunil Jhingran, Executive Director (New Business), Beximco Petroleum at 12th LPG Trade Summit on 23-25 October in Dubai.

Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more information.

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