Industry: Energy Region: Asia Price: $1million Method: Equity investment
Project objective: to provide affordable and reliable energy to residents and industry through the appropriate mix of energy production.
Project Description:
The project will convert the Dirawa Thermal Power Plant into a combined cycle power plant. The 50 megawatt (MW) Dirawa Thermal Power Plant is located within the Tirawa Special Economic Zone and was built with a loan from Japan's Official Development Assistance (ODA). The 75-megawatt combined cycle plant is designed to increase generating capacity and stabilize power supply in view of commercial activity and expansion in the Dhirawa region, where maximum power demand is expected to exceed output by 2025. The electric heating plant will be connected to the national grid and will provide power not only within the Dhirawa SEZ, but also through the national grid to all regions and states. The project is in line with the Government's strategy of providing affordable and reliable energy to the population and industry through an appropriate mix of energy production. It will also contribute to the achievement of the United Nations Sustainable Development Goal 7: affordable clean energy. It is also in line with the government's National Electrification Plan, which aims to electrify more than 7 million homes and provide electricity to 36 million people by 2030. The lack of affordable and reliable electricity is a major constraint to the provision of vital services such as health, education and finance; And private sector development and job creation.
Expected benefit of the project:
The project will provide affordable, reliable energy to all categories of consumers, especially those who live in remote areas and currently do not have electricity. It is also expected to create jobs, increase the productivity of the industrial sector and increase the competitiveness of the private sector.
We are looking for investment for this project, please contact us if you have investment intention.