The Construction Business Division of Samsung C&T announced on Sept. 30 that it has won a combined cycle power plant project in Bangladesh awarded by Reliance Bangladesh LNG & Power Limited.
The Meghnaghat Combined Cycle Power Plant porject will cost US$630 million, which equals 2.43 percent of Samsung C&T's consolidated sales last year.
Samsung C&T will carry out this project on its own for 34 months. Ground will be broken in October 2019 and the power plant will be completed in July 2022.
The company will build a 718-megawatt (MW) power plant that has two gas turbines, one steam turbine, two heat recovery boilers, and a substation, in Narayanganj, about 25 km southeast of Dhaka, the capital of Bangladesh.
The power plant, located in the Meghnaghat Industrial Complex, will supply power to the industrial complex and residential areas in Dhaka.
Samsung C&T is currently working on the Shidhirganj Combined Cycle Power Generation Project in Bangladesh. Winning the order for the Magnagat project is cementing its position in the Bangladesh power generation market.
Samsung C&T said that the contractor is expanding its business in the Asian power generation market such as winning an order for the construction of Java-1 Combined Cycle Power Plant from Indonesia last year.