• Sunday, Oct 25, 2020
  • Last Update : 10:51 am

Nasrul: Incentives to be continued for renewable energy

  • Published at 07:32 pm July 14th, 2020
RENEWABLE ENERGY
Photo: BIGSTOCK

Construction works for 1,220.77 MW of electricity generation from renewable sources under 23 projects are going on, says minister 

State Minister for Power, Energy and Mineral Resources Nasrul Hamid on Tuesday said incentives will be continued to encourage renewable energy in the country.

“We are moving towards renewable energy, although we have a crisis of non-agricultural land in the country,” he said this while witnessing a contract signing ceremony as the chief guest through a virtual conference from his residence.

The state minister said incentives will continue to increase the environment-friendly renewable energy in the country, adding, “Net metering system was introduced to encourage distributed generation based on renewable energy. Solar home systems are being expanded through Test Relief (TR) and Food for Work (Kajer Binimoye Khadyo-KaBiKha).”

He said construction works for 1,220.77 MW of electricity generation from renewable sources under 23 projects were going on. “Investment for power generation in the renewable energy sector is being expanded,” he added.

Bangladesh-China Power Company (renewable) was formed under the joint ownership of the state-owned company North-West Power Generation Company Ltd (NWPGCL) and China National Machinery Import and Export Corporation (CMC).

The Joint Venture Agreement (JVA) was signed between NWPGCL and CMC with a 50% stake each. 

Managing Director and Chief Executive Officer (CEO) of NWPGCL Engineer AM Khurshedul Alam and Chairman of CMC Ruan Guang signed the JVA on behalf of their respective sides.

According to the project details, initially, four projects have been mentioned to be implemented. Those are Pabna 60 MW solar power plant project, Sirajganj 100 MW solar power plant project, Payra 50 MW Wind Power Plant project, and Jamuna 100 MW solar power plant.

Apart from this, site selection for 165 MW solar and wind power-based power plant projects are underway.

The authorized capital of the company is Tk1,000 crore and the paid-up capital is Tk16 crore.

The company will set up separate power plants up to 500 MW using environment-friendly renewable energy.

“We know that renewable energy is expensive, but I believe the CMC will be able to reduce the production cost,” Principal Secretary to the Prime Minister’s Office Dr Ahmed Kaikaus said.

Among others, Power Secretary Dr Sultan Ahmed, Chinese Ambassador to Bangladesh Li Jiming, Additional Secretary AKM Humayun Kabir, Chairman of Power Development Board (BPDB) Engineer Belayet Hossain, Director General of Power Cell Engineer Mohammad Hossain participated in the signing ceremony.

Engineer Khurshedul Alam said the NWPGCL and the CMC jointly started the generation of electricity from the first unit of Payra 1,320 MW power plant.

“It is obvious that, for feeding its emerging economy, Bangladesh needs a sustainable, reliable, and affordable power supply. Under the leadership of Prime Minister Sheikh Hasina, the government has already made significant advancements in the power sector. For eco-friendly power generation, Bangladesh government has adopted the Renewable Energy Policy – 2008; under which, the government aims to generate 10% of the total electricity from renewable sources. Along with other government entities, NWPGCL is working relentlessly to achieve this goal,” he said.

During the signing ceremony, Executive Engineer Saifuddin Ahsan made a power-point presentation on Bangladesh-China joint venture projects, including the ongoing, present, and proposed ones.


58
55
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