Sri Lanka’s Aitken Spence building 200MW power plants in Bangladesh

Nov 15, 2012 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in tourism, logistics and power generation said it will build two oil fired power plants totaling 200 MegaWatts in Bangladesh. In Sri Lanka the firm said it had connected a wind and hydro plant to the national grid.

Earlier the group had said it was building a 2.5 MW hydro power plant in Matale and a 3MW win plant in Ambewela, both in central Sri Lanka.

It was also awaiting approval for a 10Mw waste-to-energy project which will use solid waste collected by local authority in Sri Lanka’s capital Colombo.

Ace Power runs a 100 MegaWatt thermal plant in Embilipitya. Aitken Spence also owns two 24MW oil powered plants in Sri Lanka. The the power purchase agreement for one has expired.

Update II

The firm said in a statement accompanying its quarterly results that it had won two tenders for power generation in Bangladesh.

Aitken Spence Power initially won a contract to set up a 150MW plant in Bangladesh.

Bangladesh’ Daily Sun newspaper later reported that a consortium led by Aitken Spence were among three investors selected to build a 50MW power plant at Bhairab in Kishoreganj district

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