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A 105-megawatt (MW) power plant of Orion Power Rupsha Ltd. (OPRL), a sister concern of the Orion Group, has started supplying electricity to the national grid recently.
With the completion of this project, Orion Group's overall electricity generation capacity now stands at 407 MW.
The furnace oil-fired power plant went into commercial operation on October 14, said a top Orion Group official.
The company procured necessary land and equipment and completed the construction of the plant after obtaining the letter of intent (LOI) from the state-run Bangladesh Power Development Board (BPDB).
Wartsila (Italy & Finland) supplied the key equipment-six 18V50 engines-for the power plant.
They are of latest design and highest efficient HFO (high sulfur fuel oil) engines and were supplied within five months.
Wartsila helped complete the project at the earliest by providing fast-track deliveries and strong local-based expertise, said the official.
“We at the Wartsila are delighted to be involved in this positive development," said Jillur Rahim, Managing Director of Wartsila Bangladesh.
Other major components of the project were supplied by Alfa Laval Aalborg (Finland and Chian), ABB (Sweden, Switzerland, Malaysia, Singapore, Vietnam and China) and Triveni (India).
The financing for the project came from local and foreign sources, with the participation of Mashreq Bank psc of the UAE while local Mercantile Bank Ltd. (MBL) acted as the lead lender.
“We enjoyed working with the Orion and want to continue the business relationship by investing in other projects if found preferable," said Additional Managing Director of MBL Mati Ul Hasan.