Multilateral Investment Guarantee Agency plans to develop Sirajganj 220MW Combined Cycle Power Plant 3rd Unit, in Sirajganj, Bangladesh . The Project will be the third unit constructed within the Sirajganj Power Complex (also referred to as the ‘Saidabad Power Complex’).The Complex which is owned and operated by NWPGCL, was developed in 2007 by in-filling “char land” (i.e. sandy, unconsolidated land that has emerged adjacent to the river through the gradual accumulation of sediment, on the Brahmaputra-Jamuna Floodplain) to create an approximate 40 ha area for the construction of power stations. The entire complex area has been built up approximately 3 meters above the surrounding floodplain and is part of the overall GOB’s power sector master plan aimed at increasing energy generation to meet the growing power needs in the country. The land was developed by BPDB and leased to NWPGCL for a period of 25 years. The Complex currently includes the Sirajganj 1 (‘S1’) operating unit, water treatment and cooling systems, administration buildings, 230 kV switchyard and switching station, gas pressure reducing station and NWPGCL employee accommodation. Sirajganj 2 (‘S2’) (a 225 MW dual-fuel CCPP, and also a MIGA-guaranteed project) is currently under construction at the Complex and a fourth unit with an installed capacity of 413.8 MW (Sirajganj 4 or ‘S4’, currently being considered as joint IFC-MIGA project) is proposed. There is also a proposal to put a small (~7.6 MW) solar plant at the site.