Dhaka, Thu, Oct 2017

Economy

Powering re-election: Cabinet approval fast-tracked for 10 private power plants

09 August 2017,Wednesday, 23:02



The Cabinet Purchase Committee in its meeting on Wednesday approved the Power Division’s proposal to set up 10 LNG-fired power plants on a fast-track basis, as a sweetener for the public ahead  the next election, UNB reports.

As per the proposals, of the 10 plants, four are diesel-fired plants which will be set up in next 6 months while the remaining 6 plants are furnace oil-fired and they will be installed in next nine months.

The government will purchase electricity at a levelised tariff of 25.79 US Cents (equivalent to Tk 21) per kilowatt hour (each unit) for the next five years while it will buy electricity from furnace oil-fired at 10.6 US Cents (equivalent to Tk 8.33) per unit for the next 15 years.

The proposed 10 power plants, having a total capacity of about 1,800 MW, are the part of the government’s move to set up new 18 power plants with a capacity of 2,900 MW.

Of the four high speed diesel (HSD)-fired power plants, APR Energy will set up a 300 MW plant at Keraniganj of Dhaka while Aggreko International a 200 MW plant at Keraniganj of Dhaka, and Bangla Trac will install a 100 MW plant at Noapara of Jessore and 200 MW plant at Daudkandi of Comilla.

Of the six heavy furnace oil (HFO)-fired plants, Acorn Infrastructure will set up a 100 MW plant at Julda of Chittagong while Confidence Power will install a 113 MW plant at Bogra, Desh Energy a 200 MW plant at Chandpur, Midland Power a 150 MW plant at Ashuganj of Brahammanbaria, Orion Power a 105 MW plant at Labonchara of Khulna and Summit Group will set up a 300 MW plant at Kadda of Gazipur.

All the plants will be awarded under the Fast Enhancement of Power and Energy Supply (Special) Act 2015 through negotiations.

Official sources said the government took the decision to set up these power plants against the backdrop of huge power crisis in the early summer which put the government in an embarrassing situation despite its claim to have been successful in power generation.

The Cabinet body, with Finance Minister AMA Muhith in the chair, also approved another 11 proposals of different ministries and divisions.

 

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