<div style="text-align: justify; "><br></div><div style="text-align: justify; ">JERA Meghnaghat Power Limited (JMPL) has announced the commencement of commercial operation at one of Bangladesh's largest gas-fired power plants located in Meghnaghat Narayanganj. This milestone marks a significant step forward in JMPL's effort to enhance Bangladesh's energy security and support its economic growth.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">With a gross capacity of 745 megawatts (MW) and net output of 718 MW, this combined-cycle gas turbine (CCGT) project is one of the largest and most efficient power plants in Bangladesh. The project will be able to meet up to 5% of the country's peak electricity demand. Electricity generated will be sold under a long-term power purchase agreement with the Bangladesh Power Development Board (BPDB) for a period of 22 years from the start of commercial operation.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">As Bangladesh continues to balance affordability, energy access, and infrastructure modernization, it is critical to view large-scale power projects through a multi-decade lens. Bangladesh's electricity demand is estimated to reach 51,000 MW as the country works towards its goal of becoming a developed nation by 2041. Access to reliable power supply is essential to enable a thriving economy and improve livelihoods.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">"This project, supported by a consortium of banks including the Japan Bank for International Cooperation and the Asian Development Bank, is designed to bring highly efficient and flexible power generation that can meet the current and future demand reliably, in a sustainable manner. By supporting the development of much needed energy infrastructure in the country, we are empowering local industries and creating employment opportunities. We will continue to work closely with the relevant authorities and our local partners to contribute to a more energy-secure Bangladesh," said Yasunori Katsumata, Chief Executive Officer of JMPL.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">With the successful commencement of commercial operation, JMPL is pleased to support Bangladesh's energy transition journey and remains focus on fostering meaningful partnerships to achieve sustainable outcomes over the long term.</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd24/kh</div>