EMA Power Investment, a joint venture fund between DL Energy and IDB Fund II, has developed a HFO-fired power project in Thakurgaon, Bangladesh (the “Project”). The Project was initially developed by a local company, Energypac Power Venture Ltd. (“EPVL”). The Project started its commercial operation in 2022, March
The Project comprises six engines worth a dependable capacity of 115MW
EMA will invest US$ 16 million in total and raise the remaining amount through ECA and MLA lenders.
The Project is expected to generate 604GWh of electricity annually for the next 15 years under PPA.