30Jul2010

TSK, awarded to a Power Plant in Bangladesh

On the last July 1st, ASHUGANJ POWER STATION COMPANY awarded TSK for the turn key construction of a 55 MW gas power plant. According to the Bangladesh power station company, the contract value rises up to 45 million dollars and the power plant will be located in the left bank of the Meghan River, 90km from the North-West of Dhaka. The power plant features 16 engines using natural gas fuel.

ASHUGANJ has the second biggest power plant in the country, with 642 MW of total current capacity of 8 units. As the construction of several combined cycle power plants is foreseen in a short term, this award situates TSK with a lot of options to keep working particularly for this client and for the electric development in Asian countries in general, where TSK is participating now in two other similar project tenders.

Bangladesh is a country in South Asia, with more than 140 million of population in 147.000 km2, and it is among the most densely populated countries in the world. It is bordered by India on all sides except for a small border with Burma (Myanmar). Geographically, the country straddles the fertile Ganges Delta and is subject to annual monsoon floods and cyclones. Together with the Indian state of West Bengal, it makes up the ethno-linguistic region of Bengal. The name Bangladesh means "Country of Bengal" in the official Bengali language.

The borders of present-day Bangladesh were established with the partition of Bengal and India in 1947, when the region became East Pakistan, part of the newly formed nation of Pakistan. However, it was separated from the western wing by 1,600 km of Indian territory. Political and linguistic discrimination as well as economic neglect led to popular agitations against West Pakistan, which led to the war for independence in 1971 and the establishment of Bangladesh. However, per-capita (inflation-adjusted) GDP has more than doubled since 1975, and the poverty rate has fallen by 20% since the early 1990s. The country is listed among the "Next Eleven" economies. Dhaka, the capital, and other urban centers have been the driving force behind this growth.

Bangladesh is a parliamentary democracy with an elected parliament. As the World Bank notes, the country has made significant progress in human development in the areas of literacy, gender parity in schooling and reduction of population growth. However, Bangladesh continues to face a number of major challenges, including overpopulation, widespread poverty, and an increasing danger of hydrologic shocks brought on by ecological vulnerability to climate change.

This award encourages the challenge for the internationalization and diversification of the Gijón company which is currently executing projects in countries such as Peru, Chili, Venezuela, Morocco, Holland, Italy, Nicaragua, India or Saudi Arabia, in different sectors such as electric infrastructures, industrial plants or environment.

TSK, awarded to a Power Plant in Bangladesh