Initially, unit of electricity to cost Tk4.78 on average
Bangladesh will get an additional 500MW of electricity from India starting next month, increasing its power import from the neighbouring country to 1,160MW.
Bangladesh Power Development Board Chairman Khaled Mahmood said he hoped the import would start from June 10, adding that they were making last moment preparations, reports Bangla Tribune.
The Cabinet Committee on Public Purchases approved a proposal on April 11 to buy power from India’s National Thermal Power Corporation (NTPC), and Power Trading Corporation (PTC).
The electricity will initially be purchased on a short-term basis for one and a half years – from June 1, 2018, to December 31, 2019 – and then on the long term, from January 1, 2020, to May 31, 2033.
According to the proposal, 300MW of electricity will come from India’s state-owned NTPC at Tk4.71 per unit on a short-term basis and Tk6.48 per unit on the long-term basis.
The PTC, a public-private company of India, will supply another 200MW at Tk4.86 per unit for the short-term and Tk6.54 per unit for the long-term.
A PDB official said they would sign a 15-year-long power purchase agreement “very soon.”
The government plans to import at least 5,000MW from neighbouring India, Nepal, Bhutan, and Myanmar by 2040.
Currently, Bangladesh imports 500MW through Bheramara and 160MW through Cumilla from India.