Business trend:
Marubeni got an order for a gas-fired power generation plant from Bangladesh with Hyundai Engineering and Construction. The order is about 30 billion yen, and they are scheduled to conclude a formal contract with Electric Generation Company of Bangladesh within the year. The plant will have a generation capacity of 400,000 kW that is about 5% of Bangladeshi total generation capacity. The construction will start early in 2013 and end within 2015.
Marubeni and Hyundai competed with several Chinese companies, but they successfully got the order because of their excellent technology. Mitsubishi will supply the gas turbine and Fuji Electric supply steam turbine. The plant has higher combustion efficiency because waste heat coming from the gas turbine runs the steam turbine. The government of Bangladesh is planning to procure capital from Japanese banking syndicate. Many foreign companies wish to construct a plant in Bangladesh to make the best use of low labor cost, but Bangladesh is suffering form chronic power shortage. The country plans to increase its total generation capacity 2.6 times to 210 million kW by 2016. Please click here for further details in Japanese.
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