The Matarbari thermal power plant, financed by the Japan International Cooperation Agency (JICA), with a capacity to generate 1,200 MW of electricity is set to go into operation in January 2024. Successful test-commissioning of the power plant in June has paved the way for its scheduled commercial production early next year. With around 400,000 metric tons (mt) of coal already received at the site, the plant is expected to produce 600 MW of electricity initially, with an additional 600 MW to be added by March 2024.

The construction progress of the two units of the Ultra Supercritical coal-fired power plant has reached around 80% completion.