State-run Bangladesh Oil, Gas & Mineral Corporation (PetroBangla) plans to have its first onshore LNG receiving terminal located at Matarbari, Cox’s Bazar. It is currently in the process of appointing a contractor for the feasibility study for the project.
Summit Corporation and Mitsubishi Corp are targeting to sign their bank loan financing for the development of the Summit LNG (SLNG) terminal within the next two months, possibly before the end of March.
InfraCo Asia Development has signed a joint investment and development agreement (JIDA) with Markhor Energy to develop a portfolio of four hydropower projects in the province of Khyber Pakhtunkhwa (KPK) in Pakistan.
The Indian government is reported to have launched the reverse e-auction of power purchase agreements (PPAs) for 10,000MW of stressed coal-fired power stations with a 2,500MW tender last week and 5,000MW of power purchase contracts to be offered shortly. The PPAs will have guaranteed coal supplies attached.
EDF Renewables and Sitac Re are reported to have signed a deal with the Solar Energy Corporation (SECI) for a 25-year power purchase agreement (PPA) to develop a 300MW wind project.