Companies + projects
Japan and GE Vernova are behind the Chattogram division buildout
Japanese and US companies are pushing costly LNG on Bangladesh, exposing Bangladesh’s economy to the volatile prices of imported fuels. Corporations like Sumitomo Corporation, Mitsubishi Corporation, JERA, and GE Vernova are holding Bangladesh as financial hostages so they can profit from the buildout of more polluting power.
The companies involved
These are the companies that are building out the fossil fuel pipeline in the Chattogram region.
Japan
Table 1: Japanese companies with sponsorship in Chattogram LNG power plants
| Company | wdt_ID | Project name | Equity stake | Capacity (MW) | Relative capacity owned (MW) |
|---|---|---|---|---|---|
| JERA (22% equity shareholder of Summit) | 1 | Matarbari Summit LNG Power Plant (Summit's share of JV is 55%, making JERA's effective equity stake ~12%) | 12% | 2,400 | 290 |
| Mitsui & Co | 3 | CPGCBL-Mitsui 500-630 MW LNG Based CCPP | 50% | 630 | 315 |
| Itochu | 5 | Anwara 700MW CCPP | Unknown | 700 | Unknown |
GE Vernova
US headquartered GE Vernova is involved in three LNG to power projects in the Chattogram region.
Despite setting a goal to become carbon neutral in its facilities and operations by 2030, GE Vernova includes polluting technologies like gas power as a part of its energy transformation strategy.
Japanese companies represent 57% of all known foreign sponsors of Chattogram LNG to power projects.
The significant number of Japanese companies involved in multiple roles, including sponsor, engineering procurement and construction contractor (EPC) building projects, or lender makes it a clear conflict of interest for the Japan International Cooperation Agency (JICA) developing the new power master plan for Bangladesh.
Help keep fossil fuels out of Chattogram (and the rest of Bangladesh)!
The projects
20GW of fossil fuel projects are proposed for the Chattogram region.
Table 2: List of proposed LNG power projects in Chattogram and rest of Bangladesh
| wdt_ID | Project name | Capacity (MW) | Completion Scheduled | Sponsor | District/Province |
|---|---|---|---|---|---|
| 1 | Anwara 590 MW CCPP | 590 | 2027 | United Enterprises | Chattogram |
| 2 | Anwara 600 MW CCPP | 600 | 2026 | Jalalabad Electric Power Company | Chattogram |
| 3 | Anwara 700MW CCPP | 700 | N/A | KEPCO, AKH PP Project, Itochu | Chattogram |
| 4 | Ashuganj 450 MW CCPP (Replacement Project) | 450 | 2028 | Ashuganj Power Station Company Ltd (APSCL) | Chattogram |
| 5 | Ashuganj 600 MW CCPP (Replacement Project) | 600 | 2031 | Ashuganj Power Station Company Ltd (APSCL) | Chattogram |
| 6 | Ashuganj 600MW CCPP at B-Type Area (Phase 1) | 600 | 2037 | Ashuganj Power Station Company Ltd (APSCL) | Chattogram |
| 7 | Ashuganj 600MW CCPP at B-Type Area (Phase 2) | 600 | 2041 | Ashuganj Power Station Company Ltd (APSCL) | Chattogram |
| 8 | Boalkhali 400 MW CCPP (Phase 1) | 400 | 2038 | Rural Power Company Limited (RPCL) | Chattogram |
| 9 | Boalkhali 400 MW CCPP (Phase 2) | 400 | 2041 | Rural Power Company Limited (RPCL) | Chattogram |
| 10 | CPGCBL-Mitsui 500-630 MW LNG Based CCPP | 630 | 2028 | Coal Power Generation Company Bangladesh Limited (CPGCBL), Mitsui & Co | Chattogram |
*CCPP = Combined Cycle Power Plant
This map shows the projects proposed for the Chattogram region
Expensive LNG Expansion: How foreign gas interests are a climate disaster for Bangladesh
Bangladesh is facing an energy crisis, having suffered repeated blackouts caused by an increasing over-reliance on expensive and polluting fossil gas imports.
Rather than decreasing dependence on volatile international fossil fuel markets, and prioritising clean domestic renewable energy, Bangladesh is being pushed by foreign interests to double down on liquefied natural gas (LNG).
Bangladesh can choose a pathway with clean, green, renewable energy that will protect the environment and allow people to enjoy cheap, affordable electricity.