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Govt plans to import electricity from Nepal

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.

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