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7 February, 2018 00:00 00 AM
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Bhola quick rental power plant likely to get extension again

UNB

The 38.50 MW gas-based quick rental plant in Bhola is likely to get an extension for 3 more years as the Power Division has moved a proposal in this regard for the approval of the Cabinet Committee on Public Purchase, official sources said, reports UNB.

Private firm Venture Energy Resources Ltd has set up the plant in 2012 and the state-owned Power Development Board (PDB) signed a three-year contract with the company to purchase its electricity at a rate of US cents 4.356 (equivalent to Tk 3.48) per unit (each kilowatt hour).

The contract was signed on the unsolicited basis under the Speedy Increase of Power and Energy Supply (Special Act).

According to an official document of the Power Division, after expiry of the contract, the government extended the power purchase agreement (PPA) for another two years. The tenure of the PPA also ended on July 11 in 2016.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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