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Monday, January 30, 2012

Coal-fired energy BD signs power plant deal with Delhi

Monday, January 30, 2012, Rabi-ul-Awal 06, 1433

Dhaka —The Power Development Board (PDB) on Sunday penned an agreement with the National Thermal Power Corporation (NTPC) of India to build a 1,320-megawatt coal-fired power plant in Bagerhat’s Rampal. The PDB signed its first-ever joint venture deal with a foreign firm at a ceremony at Bidyut Bhaban in the city. Finance Minister AMA Muhith and other top government officials of both the countries attended the event.

A five-member team of the NTPC led by Indian Power Secretary P Uma Shankar arrived in Dhaka on Saturday to sign the agreement. The PDB and the NTPC will implement the $1.5 billion project on a 50:50 equity basis. The NTPC will set up and operate the plant. Meanwhile, the cabinet committee on purchase gave final approval to seven more power plants with a combined generation capacity of 570 megawatts, which will be set up in the private sector. This is the first time, bidders for the furnace oil-based power plants made their tariff quotations in taka instead of the dollar. It means the tariff rate will not go up if the dollar soars in future, the Power Division said in its proposal.

The Power Division said it has approved the work order for the gas-based power plants on condition that 70 percent of the investment will be foreign. The 100MW to 170MW gas-based combined cycle power plant will be set up in Fenchuganj of Sylhet. The Power Division awarded the work order to a consortium of SNPC-Kushiara-DBPL, the lowest bidder.

The government will purchase electricity from the firm at Tk 2.83 per kilowatt. They will supply power to the national grid in 22 months.A consortium of Rupali Engineers & Traders Ltd of Bangladesh (lead firm) and PT Priamanaya of Indonesia became the lowest bidder to set up two 50MW furnace oil-based power plants.

The plants will be set up in Singair in Manikganj and Daulatpur in Nawabganj, Dhaka. The consortium quoted a tariff charge of Tk 6.99 a unit for electricity from both the plants. Another 50MW power plant will be set up in Kamalaghat Bazar, Munshiganj. The Power Division has recommended the consortium of Samuda Chemical Complex Ltd (lead firm), Samuda Power Ltd and ASM Chemical Industries Ltd for approval. The consortium proposed a tariff charge of Tk 7.17 a unit. Three more power plants will also be set up in Keraniganj, Bhairab and Satkhira.


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