Paramount BTrac Energy Consortium is going to set up a 200-megawatt power plant in Sirajganj.
The cabinet committee on purchase approved the associated Power Division proposal recently.
The proposal says the government would purchase electricity at Tk 19.96 per kW/h from the diesel-based power plant.
The tenure of the plant will be five years. The sponsor company will purchase the land and construct the transmission line and sub-station at its own cost.
If the power plant is built on Power Development Board's (PDB) land, the company has to pay PDB Tk 1.92 lakh for every acre per year.
If commercial operations do not begin by the schedule, it would provide compensation at $200 per megawatt for each day.