Pran All Time

Cabinet body okays import of 500 MW more power from India

UNB NEWS

Wednesday 11 April, 2018 09:58:20 pm

Cabinet body okays import of 500 MW more power from India

Dhaka, Apr 11 (UNB) – Bangladesh will import another 500 MW of electricity from India as the Cabinet Committee on Public Purchase on Wednesday approved a proposal to this end.

Finance Minister AMA Muhith presided over the meeting attended by some senior ministers who are members of the cabinet body.

Indian company National Thermal Corporation (NTPC) and Power Trading Corporation (PTC) will supply the electricity for 15 years.

However, initially they will supply electricity on a short-term basis for one and half years and then for 13.5 years.

According to the proposal, 300 MW electricity will come from Indian state-owned NTPC at Tk 4.71 per unit (each kilowatt hour) on the short-term basis and Tk 6.48 per unit on the long-term basis while 200 MW from PTC, a public-private company of India, at Tk 4.86 per unit for the short term and Tk 6.94 per unit for the long term.

At present, the government is importing 640 MW of electricity from India at different rates. The rates are being fixed from time to time on the basis of the Indian market rates.

Of this existing 640 MW electricity, 250 MW are coming from Indian government’s eastern grid while 250 MW from private sector and 100 MW from Tripura state and another 40 MW from eastern grid.

The committee also approved a number of proposals, including Dhaka Wasa’s contract award for a wet-field construction, import of 30,000 tonnes of phosphoric acid and riverbank protection.

As per the proposal on the riverbank protection, Bangladesh Navy-owned Dockyard and Engineering Limited will execute a riverbank protection work at the Jamuna River to protect Sadar upazila and mass graveyard and other structures of Fulchhari upazila in Gaibandha district.

The Dockyard and Engineering Limited won the contract at Tk 295.5 crore through direct procurement method (DPM). 

The committee also approved another DPM proposal for purchase of 192 double cabin pickup vans for assistant commissioners (land) under the Land Ministry.

State-owned Progati Industries will supply the pickup vans at Tk 96.56 crore.