The government is set to import 500 megawatt electricity on a short and long-term basis from India to meet the growing demand for power in the country.
The proposal to import electricity from two Indian companies for Tk 4.71 to Tk 6.54 kW/h has already been approved by the cabinet committee on purchase on Wednesday.
The short-term would be from June 2018 to December 31, 2019.
Bangladesh will purchase 300MW of electricity from NTPC Vidyut Vyapar Nigam (NVVN) for Tk 4.71 kW/h ($0.0566) and 200MW from PTC India for Tk 4.86 kW/h ($0.0584).
The same companies will also provide power over the long-term: from January 1, 2020 to May 31, 2033.
Indian company NVVN will supply 300MW at a cost of Tk 6.48 kW/h ($0.0779) and PTC India Ltd will supply 200MW power at a cost of Tk 6.54 kW/h ($0.0786).
Bangladesh has been importing 500MW of electricity from the neighbouring country through the inter-connection grid line from 2013. The tenure for the arrangement will end in June.
Another 160MW of electricity is being imported from Tripura from March 2016.
The cabinet committee on economic affairs held a meeting before the meeting of the purchase committee.
The economic affairs committee approved the import of liquefied natural gas from Oman on a government-to-government basis.