Indian state-owned power producer NTPC has won a contract to supply 300MW electricity to Bangladesh for 15 years, reports PTI.
NTPC Vidyut Vyapar Nigam, a wholly-owned subsidiary of India’s biggest power producer, emerged as the lowest bidder in the tender invited by Bangladesh Power Development Board (BPDB), NTPC said in a statement.
The BPDB had invited tenders for supply of 500MW electricity from India for short term (Jun 1, 2018 to Dec 31, 2019) and long term (Jan 1, 2020 to May 31, 2033).
NTPC, PTC and Singapore-based Sembcorp submitted bids.
Without giving details of the tariff at which electricity will be supplied, NTPC said the supply of electricity is likely to start in June after the commissioning of 500MW HVDC inter-connection project between India and Bangladesh in Bahramara.
Citing a source, the PTI report, however, says the company expects an annual revenue of 9 billion rupees at an estimated tariff of 3.42 rupees per unit.
Bangladesh currently imports some 660MW of electricity from India.