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Retail power tariff hiked by 5.3 percent; to be effective from March 1
Bangladesh Energy Regulatory Commission (BERC) has raised the power tariff on a weighted average by 5.3 percent at retail and 8.4 percent at wholesale levels. The new tariff will come into effect on March 1, said newly-appointed BERC Chairman Md Abdul Jalil while announcing the decision on Thursday at the Commission’s auditorium. Four other members of the commission were present. The retail power tariff has been increased from Tk 6.77 to Tk 7.13 per unit (each kilowatt-hour) and Tk 4.77 to Tk 5.17 at wholesale level. The BERC also raised the wheeling charge in power transmission by a weighted average of 5.3 percent to Tk 0.29 per kilowatt hour to Tk 0.27. The retail price is applicable for common consumers while the bulk price is applicable for power distribution companies. Earlier, both the retail and bulk power tariffs were raised in November 2017 with effect from December 1 of the same year. After a two-year break, the BERC held public hearing on power tariff hike proposal in December last year and came out with its decision within 90 days as per rule responding to the appeal of the state-owned power generation, transmission and distribution companies. As per the BERC announcement, from March 1, each retail consumer using up to 50 units of electricity will pay Tk 3.75 per unit as bill while the users of up to 57 units will pay Tk 4.19 per unit. Bill has to be paid Tk 5.72 per unit for consumers of 76-200 units, Tk 6 per unit for 201-300 units, Tk 6.34 per unit for 301-400 units, Tk 9.94 per unit for 401-600 units and Tk 11.46 per unit for consumers of over 600 units. The agriculture water pump users will pay Tk 4.16 per unit while small industries will pay Tk 8.53 per unit as flats rate, Tk 7.68 per unit for off peak hour, Tk 10.24 per unit for peak-hour use. The consumers will pay Tk 12 per unit for the construction period of any building structure while educational, religious institution and hospital will pay Tk 6.02 per unit. These rates are applicable for the lines having single phase of 230-400 volts. However, the residential consumers using 11 kV lines will pay Tk 8.40 per unit as flat rate, Tk 7.56 per unit for off- peak hour and Tk 10.50 for peak-hour use. The same category commercial and office consumers will pay Tk 9.12 per unit as flat rate, Tk 8.21 for off- peak hour, and Tk 11.40 for peak-hour use. The industrial 11 kV MT lines consumers will pay Tk 8.55 per unit as flat rate, Tk 7.70 per unit for off-peak hour and Tk 10.69 for peak hours.  Replying to a question on the possible impact of new rates of electricity on the consumers, the BERC chairman claimed that it will have very little impact on consumers as the lifeline consumers using up to 50 units will pay a monthly bill of Tk 220-224 instead of previous bill of Tk 215-219 while a medium industry will pay a monthly bill of about Tk 354,000 against previous Tk 326,000 while new tariff will come into effect.
Govt plans to import electricity from Nepal
January 3, 2020 Friday 8:56 PM By News Desk, energynewsbd.com
The government is contemplating to import 500MW electricity from Nepalese hydroelectricity worth Tk 381.61 billion under 25 years period from Indian company GMR Group. The import of electricity is only of the costly negotiation with the Indian firm as per unit tariff of the power is set at Tk 6.4284 (7.7172 cents). Dhaka will be paid 6.8500 US cents as capacity payment to import the electricity.  The power division moves will create new burden to pay power import bills as it is facing trouble to pay the 1160MW power import bills at a cost of Tk 5.46 a unit an average, sources said. In this regard, GRM Group of India has already signed a non-binding memorandum of understanding with Bangladesh to export electricity from Upper Karnali Hydro Power Project. Bangladesh produces hydropower at Kaptai at a cost of Tk 1.63 per unit of electricity. “We have already paid Tk 37.02 billion to import 1160MW of electricity in last fiscal year 2018-19,” official sources confirmed. Now, the costly electricity import will create new pressure on import payment of electricity, they said.
Category: Power
Power Div seeks tax holiday for private plants to miss deadline
December 30, 2019 Monday 12:42 PM By News Desk, energynewsbd.com
Power Division of the power, energy and mineral resources ministry has sought income tax holiday for 15 years for the private power generation companies which will go into commercial operations after December 31 this year. According to the existing statutory regulatory order, private power plants, except coal-based ones, should go into commercial operations by December 31, 2019 for getting complete income tax exemption for 15 years up to 2034 and a set of other fiscal incentives for various periods. There is another tax incentive package of income tax exemption at gradually reducing rates for 10 years for the power plants which will come into commercial operations between January 1, 2020 and December 31, 2024. But the Power Division in a recent letter requested the National Board of Revenue for extension of the existing deadline for commercial operations, which is scheduled to expire on December 31 this year, so that the power plants in the pipeline could avail income tax holiday and other benefits. In the letter sent on December 3, the division said that the deadline should be extended to check the price hike of electricity by the Power Development Board as the board could purchase electricity at lower price from the private power plants. Officials said that private power plants that would come into operations after December 31 did not want to avail the tax benefit at reduced rate offered by the NBR. So, the division made the request as a significant number of private power plants failed to come income commercial operations by the expected commercial operation dates. The government has also achieved significant improvement in power generation.
Category: Power
PDB proposes 23% hike in bulk power prices
November 30, 2019 Saturday 5:03 PM By News Desk, energynewsbd.com
The Bangladesh Power Development Board or BPDB has proposed to the energy regulator to increase bulk electricity tariff by 23.27 percent per unit to trim its losses. The state-owned agency made the proposal at the public hearing on bulk power tariff and transmission cost, held by the Bangladesh Energy Regulatory Commission or BERC on Thursday. However, after reviewing the proposal, the BERC said the price can be increased by 19.5 percent per unit to adjust transmission costs. At the hearing, BPDB General Manager (commercial operation) Md Kausar Ameer Ali said that the bulk electricity transmission cost was Tk 5.83 in fiscal 2018-19 and now electricity bulk tariff rate is Tk 4.77. “As a result, the BPDB faced a loss of over Tk 68.62 billion in the last fiscal year.” The BPDB estimated a loss of about Tk 86 billion next year taking the rising transmission cost into account. The other reasons for the electricity tariff hike include the depreciation of taka against foreign currency, rising gas price, 5 percent VAT imposition on coal, power generation cost increase and the non-payment of electricity bills by some distribution agencies, according to the BPDB official. The power distribution companies started submitting the price hike proposals to the BERC in the middle of October.
Category: Power
Summit Power approves 35% cash dividend
November 26, 2019 Tuesday 4:43 PM By News Desk, energynewsbd.com
Upon approval in presence of the shareholders at the 22nd Annual General Meeting of Summit Power Limited, the Chairman Muhammed Aziz Khan said, “After two consecutive years of offering 30% dividend, we are happy to announce 35% dividend this year.” He also added, “This year to ensure best maintenance of the power plants, Summit awarded Wärtsilä, the Finnish technology group biggest ever signed service deal, in terms of MW generation, in the Bangladesh’s power and energy sector. For project financing of Ace Alliance Power Limited (AAPL), we raised capital through issuance of Preference Shares worth BDT 805 Million and USD 68.60 Million long term loan from IDCOL, ICD and OFID. Also for securing the Company from exposure in London Inter-bank Offered Rate (LIBOR) against Company’s foreign currency borrowing, we entered into Interest Rate Swap (IRS) deals. We have also implemented Enterprise Resource Planning (ERP) suite for better accountability and transparency.” Presided over by Chairman of Summit Power Limited Muhammed Aziz Khan, the meeting was attended by Vice Chairman Md Latif Khan, Director Anjuman Aziz Khan, Director Jafer Ummeed Khan, Director Faisal Karim Khan, Director Azeeza Aziz Khan, Director Syed Fazlul Haque FCA, Managing Director Lt Gen (Retd) Engr. Abdul Wadud, Independent Director Faruq Ahmed Siddiqi, Director Helal Uddin Ahmed, Director Arif Al Islam and Financial Controller and Company Secretary Swapon Kumar Pal FCA along with other senior officials.
Category: Others
Tk 12.26b project underway to boost transmission capacity
October 17, 2019 Thursday 7:15 PM By News Desk, energynewsbd.com
Power Grid Company of Bangladesh (PGCB) has taken up a Tk 12.26 billion project to increase its power transmission capacity, officials said. They said PGCB has recently sought approval for the proposed China-funded projects renovation and capacity enhancement of existing grid substations and transmission lines. Under the project, the state-run grid company will mainly replace high-voltage substations and install capacitor banks. It will also re-conduct 132-kilovolt (kV) 218-kilometre double-circuit line and 48-km single-circuit transmission line and install some fresh grid lines. "We have already sent a project proposal to the Planning Commission (PC) for getting approval," said a senior PGCB official. As the power generation capacity of Bangladesh has gone up and some big power plants will be commissioned within the next 2-3 years, he said, the capacity of the transmission system needs to be upgraded. The PGCB official said some of the foreign donor-funded ongoing power transmission line projects will not be completed within the stipulated time which will make the existing grid line overloaded. "So, we have taken up the government-funded Tk 12.26 billion project to improve the existing transmission capacity in different places of Bangladesh," he added. According to the project proposal, PGCB will replace 18 substations for upgrading their capacity, install 33kV capacitor banks at 17 substations in different places across the country.    
Category: Power
Saudi company signs MoU for investing $2.5b in power sector
October 17, 2019 Thursday 7:03 PM By BSS
Saudi Arabia (KSA) based company, ACWA Power today signed a memorandum of understanding (MoU) for investing around US$2.5 billion in power and energy sector in Bangladesh. Bangladesh Power Development Board (BPDB) and ACWA Power signed the MoU for ‘Development of Natural Gas/R-LNG Based Combined Cycle Power Plant in Bangladesh’ at Intercontinental Hotel in the city. BPDP Chairman Engineer Khaled Mahmood and ACWA Power Chairman Mohammed Abunayyan inked the agreement on behalf of their respective sides. Prime Minister’s Private Industry and Investment Adviser Salman Fazlur Rahman was present at the signing ceremony as the chief guest while State Minister for Power, Energy and Mineral Resources Nasrul Hamid and secretary of Power Division Dr Ahmed Kaikaus attended the function as special guests. In his speech, Salman Fazlur Rahman said the government is providing special focus on power sector for achieving the goals of Vision-2021 and Vision-2041 as the sector is playing a vital role to develop the country. Welcoming the ACWA Power in Bangladesh, he said, the power plant will be set up within the next 4-5 years and around $2 to $2.5 billion investment will come in the project. State Minister Nasrul thanked the ACWA Power for choosing Bangladesh to make investment. He said Bangladesh is now producing around 24,000 megawatt (MW) electricity which was only 3,200 MW in 2009 when the Awami League government assumed office. Under the prudent policy and dynamic leadership of Prime Minister Sheikh Hasina, he said, Bangladesh has achieved remarkable success in power sector and many internationally renowned companies have already invested in the country’s power and energy sector. “Many of the international companies are planning to invest in the country due to good governance and rule of law,” he added. The state minister said Bangladesh is looking for another $30 billion investment within the next couple of years. Mohammed Abunayyan said now Saudi Arabia and Bangladesh are enjoying the highest relationship and the investment environment in Bangladesh is very favourable for investors. He said this is the beginning of ACWA Power’s investment as the company is coming in the country for a long time. Among others, Executive Chairman of the Bangladesh Investment Development Authority (BIDA) Md Sirazul Islam, Bangladesh Ambassador in Riyadh Golam Moshi and Economic Counsellor of the Embassy of Bangladesh in Riyadh Mohammad Abul Hasan were present on the occasion.
Category: Power
Japanese co buys 22pc stake of Summit Power
October 10, 2019 Thursday 12:38 PM By Reuters
Japan`s JERA Co has acquired a 22 per cent stake in Summit Power International for $330 million, the companies said on Monday, to enable the establishment of major energy infrastructure projects in Bangladesh. That means Summit Power International`s total equity value is $1.5 billion. The new investment was made in accordance with the memorandum of understanding on the development of energy infrastructure projects in Bangladesh that was concluded between JERA and Summit Power in May in Tokyo, JERA said in a statement on Monday. Singapore-based Summit Power International is the holding company for all power assets of Bangladesh`s Summit Group, while JERA is a joint venture between Tokyo Electric Power and Chubu Electric Power Co. International Finance Corp (IFC), IFC Emerging Asia Fund, and United Arab Emirates-based EMA Power Investment, which were shareholders of Summit since 2016, will exit through this transaction, according to the statement. However, IFC will continue to be a large lender to Summit, it added. The partnership will support Summit Group`s investment plan of $3.0 billion by 2022 in Bangladesh, Muhammed Aziz Khan, Summit Group`s chairman said in the statement. Summit Power, the largest independent power producer in the country, owns and operates power generation facilities that produce approximately about 12 per cent of the country`s capacity. The company is currently constructing power generation facilities with a capacity of approximately 590 megawatts and, with several new projects also being planned, significant growth is expected in the future. Bangladesh currently has a capacity to produce 18,000 megawatts of electricity per day, said Nasrul Hamid, the country`s junior minister of power, energy and mineral resources, adding that it aims to increase it to 24,000 megawatts per day by 2021. "Foreign investment is required to achieve this goal." JERA said in a separate statement that it has positioned Bangladesh as a priority country for investment due to an expected rapid rise in electricity demand along with steady economic growth in the South Asian country.
Category: Power
Payra Power Plant set to go into production from Dec
October 10, 2019 Thursday 12:37 PM By News Desk, energynewsbd.com
A 1,320-megawatt (MW) coal-based Payra Thermal Power Plant set up on 12 acres of land in Kalapara upazila in Patua-khali  is likely to start production from next December. If everything goes according to the plan, 660 MW of electricity from the power plant will be added to the national grid from December this year. Chinese and Bangladeshi workers are working round the clock to make the power plant fully operational by June 2020. Sources said that the thermal power plant is a joint venture of the North-West Power Generation Company Bangladesh Limited (NWPGCL) and China National Machinery Import and Export Corporation (CMC). Although the project was expected to be completed within 2019, the work got delayed due to various unforeseen events, including workers` dissatisfaction. About 2,600 Chinese and 5,500 Bangali workers are currently working in this power plant. Indonesia`s MV Jingheiton, a coal-laden vessel, has unloaded coal at the Payra thermal power station’s jetty as the first step to produce electricity. Power Grid Company of Bangladesh (PGCB) sources said that the construction of a 400 KV line through a Korean company and a 230 KV line through a Chinese company to bring power from the coal-based Paira power plant is progressing at a rapid pace. The electricity generated from this plant will be added to the substation of Gopalganj. From there, it will be supplied to the national grid. Shah Moni Zico, assistant manager of the project, said the work on this project is moving fast. The power plant will play a major role in meeting future electricity needs, he added. Shah Md Golam Mawla, project director of the 1,320-MW power plant, said that the first unit will go on to produce 660MW of electricity on December 25. The remaining 660MW will be fully integrated into the national grid by June next year. Another 1,320-MW power plant will be built in the vicinity of this plant by 2022, he added. On 19 March 2015, a deal was signed between NWPGCL and the CMC to set up the Payra Power Plant. The joint venture was named Bangladesh-China Power Company Limited (BCPCL).  On 29 March 2016, BCPCL signed an engineering, procurement and construction (EPC) contract with consortium of NEPC and CECC for the installation of the power plant. The utility electricity sector in Bangladesh has one national grid with an installed capacity of 21,419 MW as of September 2019. The total installed capacity is 20,000 MW (combining solar power). In June, a Chinese electrician was killed and seven other employees of 1320 MW Payra Power Plant were injured in a clash between Bangladeshi and Chinese employees amid rumours that a Bangladeshi worker was killed by Chinese employees.
Category: Power
Govt for 60,000MW power generation capacity by 2041
September 26, 2019 Thursday 11:36 AM By News Desk, energynewsbd.com
The government is working towards increasing the country’s power generation capacity to 60,000 megawatt (MW) by 2041. The current capacity is 22,329MW. The country requires US $40 billion investment to increase electricity generation to 60,000MW by 2041, according to officials. “The power generation capacity has reached 22,329 MW and relentless efforts are underway to raise the capacity to 24,000MW by 2021,” said a power ministry official. He said in the last decade, the government signed several deals for setting up 148 power plants having generation capacity of 29,648MW. Meanwhile, 121 power plants were commissioned, which added 15,573MW power to the national grid. The generation capacity was only 3,200MW in 2009. Talking to the news agency, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said the power generation capacity of the country has reached over 22,329MW and the government is working relentlessly to raise the capacity to 24,000MW by 2021. “We have a target to ensure uninterrupted power supply to every citizen at affordable prices by 2021. By 2030, the country’s power generation capacity will reach 40,000MW and by 2041 it will go up further to 60,000MW,” he said. The state minister said Bangladesh has become an ideal place for foreign investment. “The investment situation here is now far better than before. So, various countries are showing their interest in investing in the country’s power sector,” he added. A power division official said the government has set a target to generate 28,000MW electricity and construct 23,000 circuit kilometre transmission lines across the country by 2023, which is now 11,650 circuit km. He said a power division master-plan is under implementation as Prime Minister Sheikh Hasina is pledge-bound to ensure a “Digital Bangladesh” by assuring access to power for all by 2021. Currently, the number of power subscribers is 3.48 crore, which was only 1.8 crore in 2009 and per capita electricity generation is now 510 kilowatt hour (including captive), he said, adding that a total of 340 upazilas in the country have so far been brought under cent percent electricity coverage. Alongside, installation of new power plants and maintenance of old ones to enhance their efficiency are in progress. Besides gas and coal-fired power plants, the first phase of installing nuclear power plants at Rooppur in Pabna with a capacity to generate 2,400MW of electricity is expected to be completed soon. Meanwhile, the Annual Development Programme (ADP) allocation for power and energy ministry is Tk 27,232 crore for 2019-2020 fiscals. “We wanted to illuminate each villages and for that, the government is setting up power plants and transmission lines and holding talks with neighbouring countries -- India, Nepal, Bhutan and Myanmar -- to import electricity,” Nasrul said. He said the government is planning to invest in Bhutan and Nepal whereas discussions are on with Myanmar, Bhutan and Nepal to import hydropower.
Category: Power
DPDC appoints consultant for power project
September 26, 2019 Thursday 11:35 AM By News Desk, energynewsbd.com
Dhaka Electricity Distribution Company (DPDC) has recently signed an agreement with a consultant firm for a project for supplying uninterrupted electricity in the Dhaka city. The DPDC signed the deal with a consultant firm – Hifab Oy of Finland and Bangladesh Engineers and Consultants Bangladesh Limited (ECBL) Joint Venture Company at Bidyut Bhaban. Witnessing the signing ceremony as the chief guest, State Minister for Power Energy and Mineral Resources Nasrul Hamid directed officials concerned to complete the Expansion and Strengthening of Power System Network project in time. “The project will help will to ensure uninterrupted electricity city supply in the capital city. Once the project is implemented then scenario of Dhaka city will be changed,” he said. Nasrul said the project finance by Chinese government will be implemented under Government to Government method considering very important project. He also directed two managing directors of power distribution companies in Dhaka city for holding talks with authorities concerned of internet and dish line within next month. “As soon as possible all hanging cables attached with power lines will be removed,” the state minister said adding that substations will be erected to make it secured alongside to give the look neat and clean. Managing Director of DPDC Engineer Bikash Dewan said the initiative was taken to strengthen Dhaka’s power distribution system with the help of China. The appointment of consultant was very important for implementation of the project-Expansion and Strengthening of Power System Network under DPDC area,” he said. According to the project details, Chinese contactor- Tebian Electric Apparatus-will implement the project at a cost of Taka 20,468 crore, of which Bangladesh government will give Taka 7,441 crore, DPDC will give Taka 1,249 crore, while China will provide Taka 11,777 crore. DPDC secretary Asaduzzaman and regional director of Hifab Nathalie Tranfeld signed the contract on behalf of their respective sides. Board chairman of DPDC Mohammad Shafiqullah, ECBL’s Managing Director Kazi Kamal Uddin Akram and Regional Director of Hifab Nathalie Tranfeld also spoke on the occasion.
Category: Power
REB to set up 7.5 lakh more prepaid meters by December
September 26, 2019 Thursday 11:33 AM By BSS
As part of the government plan to replace 2.0 crore traditional meters by prepaid ones within 2025, Bangladesh Rural Electrification Board (BREB) will set up 7.50 lakh more meters within December 2019. “We have installed 4 lakh prepaid meters up to June 2019 under BREB areas of Dhaka Division and another 7.50 lakh meters will be installed within December 2019,” Project Director of Prepayment Meter Project in BREB Md Rafiqul Islam told the news agency. He said as a part of the government vision-2021, a plan has been taken to install 31 lakh more smart prepayment meters within 2021, adding, “Currently the government is providing 01 per cent rebate on electricity recharge amount. As the prepayment meter bills on actual uses, so there is no chance of ghost billing, consumers’ sufferings and other anomalies in the power sector”. In addition, prepayment meters protect the appliances (Light, Fan, Refrigerator etc) from voltage fluctuation, the project director said. “To utilize electricity properly, reduce the misuse of electricity and to facilitate the automatic billing system, the government has introduced the prepayment meters in BREB,” he said. Talking to BSS State Minister for Power, Energy and Mineral Resources Nasrul Hamid said the government has taken initiatives to replace 2.0 crore traditional meters by prepaid meters within 2025 for ensuring transparency in electricity billing system. “The government under the honest and sincere leadership of Prime Minister Sheikh Hasina is committed to provide electricity for all within -2021 as per the slogan of the government-Sheikh Hasina’s initiative for reaching electricity in every house,” he added.
Category: Power
Govt to formulate uniform power generation policy
August 30, 2019 Friday 6:04 PM By News Desk, energynewsbd.com
The government is going to formulate a uniform power generation policy, accommodating all existing policies in power sector under a single umbrella, to help develop an overall investment guideline. The power division has taken a decision in this regard with power division’s senior secretary Dr Ahmad Kaikaus in the chair recently. The power division also formed a seven member committee headed by Power Cell Director General Mohammed Hossain to carry out the task. The government had introduced the Private Sector Power Generation Policy of Bangladesh (PSPGP) in 1996 and formulated a policy guideline for power purchase from captive power plant (CPP), policy guidelines for enhancement of private participation in the power sector (commercial power policy) and guidelines for small power plants (SPP) in private sector to attract the public and private sector investment here. The investors can get guidelines on power evacuation, grid access, tariff, fuel supply and others conditionality from the policies to implement the power plants in public and private sector. But, the policy and guidelines will be reviewed considering present situation, said sources who attended the meeting. The meeting said the PSPGC contributed a lot to encourage private sector investment in power sector. But the captive power policy and the commercial power policy could not attract investments, it said. So the government has decided to update the policies and guidelines and accommodate all into a uniform power generation policy, official sources said.
Category: Power
BREB to install 10m smart pre-paid meter by 2025
August 29, 2019 Thursday 10:32 AM By News Desk, energynewsbd.com
Bangladesh Rural Electrification Board (BREB) has set a target to install 10 million smart pre-paid meter by 2025 to facilitate its clients for paying hassle-free monthly power bills, official said. "We have a target to set up 10 million smart pre-payment meter across the country by 2025," project director of smart pre-paid metering of BREB Md Rafiqul Islam said. At present BREB has 27 million clients. Out of them, about 0.5 million are now paying monthly power bills through smart pre-paid meter system. Three million more new clients will be included by the end of the current year. The BREB official said that the process is underway to set up one million smart pre-paid meter involving the cost of Tk three billion during the fiscal year 2019-20. The BREB started to install smart pre-paid meter system from 2017 aiming to check misuses of power and get actual revenue against the consumption of power. The BREB official further said that under smart pre-paid/ payment power billing system is same as mobile recharging system. The clients could use power upon its financial ability by using smart pre-payment meter. Besides, they could see their respective ongoing power load and reading. They will get Tk 100 instantly as emergency credit if their pre-paid money is exhausted. The government started to install smart (online) pre-payment meter system from 2011.  
Category: Power
Patuakhali-Payra power plant starts transmission
July 29, 2019 Monday 10:47 AM By News Desk, energynewsbd.com
The government has started power supply of 45.6-kilometer long 230kV Patuakhali-Payra transmission line last week. The transmission line will facilitate the electricity evacuation from 1320MW Payara coal-fired power plants and some other mega power plants in Barishal and Khulna regions to the national grid.
Category: Power
UMPL to implement 584MW combined cycle power plant
July 29, 2019 Monday 10:36 AM By News Desk, energynewsbd.com
A consortium of three local and foreign companies signed deals with the government entities on July 24 to implement the country`s biggest 584 megawatt (MW) combined cycle power plant at Meghnaghat of Narayanganj. The consortium, named Unique Meghnaghat Power Ltd (UMPL), will build the power plant within 36 months. The plant will run either on locally produced natural gas or by re-gasified liquefied natural gas (RLNG) to generate electricity. The UMPL, the consortium of Unique Hotel & Resorts Ltd., Strategic Finance Ltd. and US company GE Capital Global Energy Investment BV, inked the deals at a function at Bidyut Bhaban in the city. Some US$ 520 million will be required to implement the power plant project, which is expected to provide electricity by July 2022. Unique Hotel and Resorts Ltd has 64.98 per cent stake in the power plant project, while the GE has 30 per cent and Strategic Finance has 4.95 per cent stakes. State-run Bangladesh Power Development Board (BPDB) will purchase electricity from the power plant at a levelised tariff rate-around US cents 3.69 per unit (1 kilowatt-hour) or Tk 2.95 per unit, if it is run by locally produced gas. The tariff would be US cents 6.80 per unit (1 kilowatt-hour) or Tk 5.44 per unit, if it is run by RLNG. State Minister for the Ministry of Power, Energy and Mineral Resources (MPEMR) Nasrul Hamid was the chief guest at the function, while US Ambassador to Bangladesh Earl R Miller, Principal Coordinator of SDG affairs at the Prime Minister`s Office Abul Kalam Azad, Power Secretary Ahmad Kaikaus, and Petrobangla Chairman Ruhul Amin were the special guests. National Board of Revenue (NBR) Chairman Md Mosharraf Hossain Bhuiyan also spoke. The event was chaired by the BPDB Chairman Khaled Mahmood. UMPL Chairman Mohammad Noor Ali was also present.  
Category: Power
Govt to conduct survey to supply LNG in Payra
June 30, 2019 Sunday 9:29 PM By News Desk, energynewsbd.com
State-owned North-West Power Generation Company Ltd (NWPGCL) plans to conduct a detail feasibility study for supplying Liquefied Natural Gas (LNG) to the proposed 3600MW combined cycle power plant at Payra.    The government is planning to choose an alternative route to supply fuel to the proposed 3,600 megawatt (MW) Payra power plant due to poor drafting at the Payra port. The NWPGCL has recently sought permission to conduct the feasibility study from power division in this regard. “We need to shift the imported LNG to shuttle the Floating Storage and Re-gasified Unit (FSRU) at Matarbari to feed the 3600MW combined cycle power plant as it’s impossible to supply the LNG directly at Payra due to poor drafting,” said the official letter signed by NWPGCL Managing Director AM Khorshedul Alam.  He said the company will require detail feasibility study in this regard.           The state-owned North-West Power Generation Company Ltd and German based Siemens are jointly implementing the LNG (Liquefied Natural Gas) based power plant at Payra in Patuakhali. A Singapore based surveyor firm Worley Parsons, assigned by the North-West Power Generation Company Ltd, has already conducted a feasibility study on LNG supply to the proposed Payra power plant.  The firm suggested for using the Matarbari ‘sheltered area’ for unloading LNG for the proposed the power plant at Payra. The joint venture is now negotiating to import LNG from BP Singapore Pte Ltd (BP), sources confirmed. As per the feasibility study, the firm recommended for construction of an offshore shuttle floating storage and re-gasification unit (FSRU) which will supply re-gasified LNG through onshore pipeline. But, the Shuttle FSRU will be at sheltered areas considering the sea condition, it suggested. “It’s impossible to unload LNG from the mother vehicle at Payra port due to poor drafting…So, the LNG supply might be continued from mother vehicles to small vehicles unless conducting extensive dredging at Payra port,” it suggested.    The joint venture plans to generate 1200MW of electricity from the proposed plant in December 2022 and another 2400MW in December 2023.  State-owned North-West Power Generation Company Ltd’s  AM Khurshadul Alam requested the ministry concerned to allocate about 150 acres of land in favour of 3600MW LNG based joint venture power plant near 1200MW Matarbari power plant so that supply of the proposed LNG plant at Payra becomes hassle free.            Bangladesh Petroleum Corporation (BPC), however, seeks about 1000 acres of land at Moheskhali in Cox’s Bazar for setting up a refinery and a large scale plant for Liquefied Petroleum Gas (LPG). At present, the Cox’s Bazar Deputy Commissioner’s office is conducting a feasibility study for Moheskhali-Matarbari Integrated Infrastructure Development Initiative with the support of JICA.  As per the initiative, two separate power hubs will be developed at Moheskhali and Matarbari. The government has already signed deals to construct 10 power plants having combined capacity of about 12,000MW between 2025 and 2038 at Moheskhali. Besides, seven more power plants having combined capacity to generate around 6200MW will be set up between 2024 and 2033 at Matarbari.
Category: Power
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