21st September 2019
EP Report

 

National Board of Revenue (NBR) has agreed to cut 20 percent tax and VAT on the import of coals to feed the 18 large power plants with a view to reducing the overall power generation cost.

The authority has taken the decision after a meeting with the Power Division recently, said an official.

“NBR has so far collected 25 percent tax and VAT … now it decides to slash the duties which will be five percent only,” the official said.

He added that Payra power plant will enjoy the facilities for the first times as it is likely to start electricity generation in December, 2019.

The plant will get the facilities till 2025 and the tenure might be extended subject to apply for the coal-fired plants, NBR sources said. 

Later, public and private power plants will get the same facilities subject to apply for coal-fired plants at Moheskhal, Matarbari, Rampal, Banchkhali, Munshiganj and Barguna.

The proposed coal-based power plants will require around 56 million tonnes of coal annually to produce 18,392MW of electricity, official said.

The LNG as well as the fuel import for producing electricity will enjoy the same facilities.

  


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