top of page
Search

Mirsarai 660 MW (Confidence) LNG Power Plant

  • Jun 22
  • 3 min read

Current Status: Cancelled

 Representational photo: BWGED


Mirsarai 660 MW LNG Power Plant, also known as Confidence Mirsarai Power Plant, was a Combined Cycle (CC) power plant to be situated in Mirsarai in Chattogram District of Bangladesh (Location: 22.7774, 91.5667) approx. It was proposed by a consortium of Confidence Group and General Electric to install as a private Independent Power Producer (IPP) for 22 years. The power plant was originally scheduled to commence commercial operation on 30 June 2027 and retire on 29 June 2049. However, the project was subsequently cancelled, and therefore these planned operational milestones were not realized.


Capacity

The proposed installed (gross) capacity of the power plant  was going to be 660 MW.


Context

The Bangladesh Power Development Board (BPDB) had initiated to set up of a 660-MW gas / RLNG (R-liquefied Natural Gas) combined cycle power plant at Mirsarai in Chittagong under the Ministry of 

Power, Energy and Mineral Resources (MPEMR).  It will be the second-largest power plant by a private company. The cabinet committee on purchase approved the plant on 29 December 2021, which will be implemented by the Bangladesh Power Development Board. The move came after the government scrapped eight coal-fired power projects due to environmental issues, and Finance Minister AHM Mustafa Kamal announced the government would build more power plants using alternative fuels (TDS 2021).


A Consortium of Confidence Power Holdings Limited, GE Capital US Holding Inc., Confidence Power Limited, and Electropac Industries Limited will implement this power project (TDS, 2021) holding 62%, 20%,9%, and 9% respectively. Bangladesh Power Development Board (BPDB) issued a Letter of Intent (LOI) on 31 January 2022 as a preliminary commitment to commission the power plant (NA, 2022).


According to the LOI, the expected Commercial Operation Date (COD) of the power plant was scheduled for 30 June 2027. The interim government issued formal cancellation letters in November 2024 after repealing the QEEESA 2010 Act. As of April 2026, the new government is reviewing 31 such cancelled renewable projects, though this was a gas/LNG plant, not renewable energy.


Land Acquisition

The power plant was proposed to be built on a 33-acre area of land at the Bangabandhu Sheikh Mujib Shilpa Nagar  (TBS 2023).


Finance 

The project cost is estimated at $550 million. Confidence Power Holdings has already deposited BDT 52 crore Tk as a leasing fee for the land (TBS 2023). The gas-based levelized tariff charge per megawatt hour is 3.037 US cents, equivalent to BDT 2.9432 Tk and the RLNG-based per-megawatt levelized tariff is 6.796 US cents equivalent to BDT 5.4368 Tk.


Sponsors

A Consortium of Confidence Power Holdings Limited, GE Capital US Holding Inc., Confidence Power Limited, and Electropac Industries Limited was to implement this power project, holding 62%, 20%,9%, and 9% respectively (NA 2022).


Contractors

Contractor information was not found.


Fuel Supply

Karnaphuli Gas Distribution Company Limited (KGDCL) was expected to supply natural gas to the power plant.


Power Generation

The project has been cancelled. The LOI was cancelled in September 2024 under the repeal of the QEEESA 2010 Act (GEM, 2025). As a result, the project was not implemented and no electricity generation took place.

Environment

According to Section 12 of the Bangladesh Environment Protection Act 1995, Environmental Impact Assessment (EIA) is obligatory for any industry (MOLJPA 1995). Polluting industries, such as power plants, must undergo an Initial Environmental Examination (IEE) and EIA as directed in the Environmental Conservation Rules 1997 (MOEFCC, 1997). But, to date, no IEE or EIA report has been conducted for the power plant. According to the environmental conservation rule 2023 the project falls in the “Red” indicating it as a potential harmful project for the environment (MOEFCC 2023).


Reference

bottom of page