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Govt may sign electricity deals with India during PM’s visit

  • Published at 01:17 am April 4th, 2017
  • Last updated at 04:59 pm April 4th, 2017
Govt may sign electricity deals with India during PM’s visit
Bangladesh is likely to sign a number of deals to purchase and import electricity during Prime Minister Sheikh Hasina’s upcoming visit to India on April 7-10. “A power purchase agreement (PPA) may be signed for purchasing 60MW of electricity from the Indian state of Tripura under the no-electricity, no-pay method,” Power Division Secretary Dr Ahmad Kaikaus told the Dhaka Tribune on Monday. The 60 MW power import has been negotiated at a tariff of Tk6.13 per unit and will take Bangladesh’s total import from India to 660 MW. Bangladesh and India will also use the bilateral meetings to discuss two tripartite MoUs on power sector cooperation - one involving Bhutan and another with Nepal. Following a proposal of the Bhutanese government, a 1,125MW hydro-power plant named Kuri-1 is to be set up in the kingdom and Bhutan has already sent a draft of the MoU to Bangladesh and India. Bangladesh confirmed its intention to sign the proposal in February 2016. Bangladesh is also seeking to import electricity from another hydro-power plant to be built in Nepal with the capacity to generate 500MW of electricity with the support of an Indian firm GMR Group. Bangladesh and India will initial another two PPAs for purchasing 1600 MW and 750 MW of electricity separately from two Indian business conglomerates. Adani will set up a 1600 MW power plant in India and export electricity to Bangladesh, while Reliance will set up a 750 MW LNG-based power plant in Bangladesh’s Meghnaghat and a floating storage and re-gasification unit (FSRU) in Chittagong.