• Monday, May 25, 2020
  • Last Update : 02:37 pm

Electricity import from Indian firm’s Nepal plant cleared

  • Published at 11:15 pm December 18th, 2019
web-electricity-tower
Bigstock

The government will have to pay a total amount of Tk38,160.75 crore to Indian firm GMR

The Cabinet Committee on Public Purchase (CCPP) has approved four procurement proposals, including one for importing 500MW electricity from an Indian company’s power plant in Nepal.

The bulk electricity will be imported through another Indian company NTPC Vidyut Vyapar Nigam Ltd (NVVN) complying with the Indian regulatory commission’s terms and conditions, reports UNB.

The committee gave the nod to the proposal at a meeting held with Finance Minister AHM Mustafa Kamal in the chair on Wednesday.

As per the proposal, Bangladesh will import the electricity from Indian firm GMR at a tariff rate of $7.7172 (equivalent to Tk6.4284) per kilowatt hour (each unit) for over a period of 25 years.

For the import, the government will have to pay a total amount of Tk38,160.75 crore to GMR through NVVN. 

It was informed that state-owned Bangladesh Power Development Board (BPDB) and the NVVN signed a non-bonding memorandum of understanding (MoU). 

Under the Power and Energy Increase of Speedy Supply Act (SPA) 2018, now the BPDB will sign power sales agreement with the NVVN to import the electricity from the GMR.

The committee also approved three other proposals to appoint contractors for electricity network expansion in different divisions under the Rural Electrification Board (REB).

70
61
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail