The government is going to import hydro electricity from Nepal at a rate of US$ 6.6 cents per unit which is equivalent to Tk 5.75.
Bangladesh Power Development Board (BPDB) and Indian company, GMR, have fixed the price following several rounds of negotiations recently in the capital.
"We are working on the issue to import 500 MW of power from Nepal through the Indian company GMR group, however, we are importing electricity on a 'no electricity no payment' basis," a senior official of BPDB said.
As there is no question of capacity charge so it would be a lucrative one for us, we could stop our liquid fuel fired power plant in the evening peak hours, he said.
Bangladesh plans to invest one billion dollars in Nepal and Bhutan to tap the hydro potential of these two countries.
Prime Minister Sheikh Hasina endorsed the Power Division's proposal in this regard. Earlier, Bangladesh-India-Nepal have successfully completed signing of a non-binding MoU with GMR Group and Bangladesh and Nepal energy sector cooperation deal one year back.
