The Asian Infrastructure Investment Bank (AIIB) is considering up to USD60 million of debt financing for the construction of a greenfield 220 MW (net capacity) dual-fuel (gas as primary fuel and high-speed
diesel as back-up fuel) combined cycle power plant to be located in Bhola, an island in the Barisal district of Bangladesh. The proposed project will be implemented on a build-own-operate basis.
The stated objective of the project is to increase power generation capacity in Bangladesh and help the country meet its power demand as it faces acute power shortages.
Contact Person: Mitesh Soni
Shapoorji Pallonji Infrastructure Capital Company Private Limited
41/44, Minoo Desai Marg, Colaba, Mumbai - 400005, Maharashtra, India
Contact Person: Jagannath Sinhamahapatra
Nutan Bidyut (Bangladesh) Limited
B & B Empire, 7th Floor, Plot no.116, Block E, Banani, Dhaka - 1213, Bangladesh
Contact Person: Prakash Bajoria
Project Team Leader/Private Sector Investment Operations Specialist
Asian Infrastructure Investment Bank
B-9 Financial St., Xicheng District, Beijing, China 100033
Local access for project documentation:
The full text of the ESIA and the ESMP report is available in hard copy at the project company office located in Dhaka, Bangladesh as per the address indicated above.
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Project-affected People’s Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, the exact scope and function of its Project-affected People’s Mechanism are yet to be finalized.