Dhaka, Tuesday, August 14, 2018 02:52 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Deals signed to import 1600 MW power from Indian Adani Group

The government recently signed two deals -- power purchase agreement (PPA) and Implementing Agreement (IA) -- with Indian giant power conglomerate Adani Power Ltd for importing 1600MW of electricity.

Power Division Joint Secretary Faizul Amin, Bangladesh Power Development Board (BPDB) Secretary Mina Masud Uzzaman and Adani’s Business Development President Kandarp Patel signed the agreements at Bidyut Bhaban in Dhaka.

The group’s wholly-owned subsidiary company Adani Power (Jharkhand) has signed a long-term power purchase agreement (PPA) for the net capacity of 1496 MW with Bangladesh Power Development board for 25 years, according to a company document submitted to Bombay Stock Exchange.

The power supply under the PPA will be made from a new 1600 MW ultra-supercritical coal-based power plant to be set up by Adani Power (Jharkhand) at Godda, Jharkhand.

Bangladesh will import the electricity from the Adani Power Limited-sponsored 1600MW plant at Jharkhand paying 8.612 US cents (Tk 6.890) per unit for a 25-year period, officials confirmed.

Bangladesh is now importing 640MW of electricity from India at Tk 4.92 per unit on average.

The government signed a Memorandum of Understanding (MoU) on August 11, 2015 with the Indian firm to import electricity.  The Indian company said it would invest $2.12 billion to set up the proposed power plant in Jharkhand with a view to exporting 1600MW of electricity to Bangladesh.

The company is hopeful of installing the first unit of the plant within 44 months and the second unit within 50 months after signing a contract.

Print Friendly and PDF

   You may also like

Category: Power
BREB chief declares zero tolerance against bribe

Category: Power
ECNEC approves smart electricity prepaid meter project for Dhaka

Category: Power
DESCO to implement Tk 186.50 cr smart meter project

Category: Power
Every house in country will be lit up: PM

Category: Power
ADB to provide $501.5 million for Rupsha power plant

Category: Power
‘Efforts on to start Barapukuria power plant’

Category: Power
Northerners brace for power cuts as Barapukuria power plant closed

Category: Power
Nasrul asks to ensure hassle free power supply

Category: Power
Summit power generation capacity increases to 1,941MW
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Power Stories
BREB chief declares zero tolerance against bribe
ECNEC approves smart electricity prepaid meter project for Dhaka
DESCO to implement Tk 186.50 cr smart meter project
Every house in country will be lit up: PM
ADB to provide $501.5 million for Rupsha power plant
‘Efforts on to start Barapukuria power plant’
Northerners brace for power cuts as Barapukuria power plant closed
Nasrul asks to ensure hassle free power supply
Summit power generation capacity increases to 1,941MW
BPDB, GE sign deal for 3600 MW power plant


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy