19th December 2011: Dhaka, Bangladesh - Aggreko, the world leader in the provision of temporary power and temperature control services, working with the Bangladesh Power Development Board (BPDB), has agreed to exchange the existing 145 MW diesel-fuelled temporary power plant at Ghorashal for one which will run on natural gas. As part of the agreement, the contract term will be extended to 2015, and its value increased by some $100 million.
By switching the power plant's fuel supply from imported diesel to locally-sourced natural gas, the BPDB will be able to reduce the overall cost of energy production from the power plant by over 60%. The opportunity to transition the fuel supply to natural gas at the Ghorashal power plant arose as a result of the de-commissioning of an existing gas fuelled turbine located at the site which had reached the end of its operating life. The project will see the entire fleet of existing generators at Ghorashal replaced with gas units and is scheduled for completion within the second quarter of 2012.
"Our management team and engineers recognised the significant cost savings which could be achieved by changing the power plant's power supply to natural gas," commented Engr. A.S.M. Alamgir Kabir, the Chairman of the BPDB. "Aggreko responded quickly to our request with a solution that would not only ensure the quality and reliability of the power supply from Ghorashal, but would also deliver significant cost savings in the energy produced at the site."
Rupert Soames, the Chief Executive Officer (CEO) of Aggreko Plc commented: "This is a win-win-win, with the BPDB achieving significant reductions in its energy costs, the Bangladesh economy becoming less dependent on imported fuel, and Aggreko increasing its revenues from this important project. By the time Ghorashal is converted to gas, we expect to have over 650 MW of gas-fuelled power on rent world-wide."