DHAKA, March 23, 2022 (BSS) - The government today approved separate proposals for extending the timeframe by two years of five private own HFO based power plants (IPP) from the date of effectiveness to meet the growing demand of power in the country.
The approval came from the 10th meeting of the Cabinet Committee on Government Purchase (CCGP) this year held today virtually with Finance Minister AHM Mustafa Kamal in the chair.
Briefing reporters after the meeting, the Finance Minister said that the meeting approved a total of 11 proposals including seven proposals in the power sector and one in the energy sector.
Joining the briefing virtually, Cabinet Division Additional Secretary Md Zillur Rahman Chowdhury said that the fresh tenure for all the five HFO based rental power plants has been extended by two years although the proposal for extending the tenure was five years.
He informed that there would be no capacity charge on these private power plants while there would be "no electricity no payment" policy on these power plants in the fresh tenure.
Zillur said it was discussed in the meeting that the country is likely to get another 3,000MW of power within the next 1 to 3 years for which perhaps there would be no necessity of such rental power plants in future.
He informed that the negotiated tariff for these rental power plants would be 3.40 US cent or Taka 16.4077 for kilowatt hour electricity which was previously Taka 17.5293.
The Cabinet Division additional secretary said that for renewing the tenure of all the five rental power plants by two more years, the government would have to provide Taka 459.94 crore to Khulna Power Company Ltd for the 40MW HFO base power plant at Noapara in Jashore, Taka 1,295.42 crore to Khulna Power Company Unit-II Ltd for the 115MW HFO based power plant at Goalpara in Khulna, Taka 1,146.51 crore to Dutch Bangla Power and Associates Ltd for the 100MW HFO based power plant at Siddhirganj in Narayanganj.
Besides, he said the government will provide Taka 1,146.51 crore to Orion Power Meghnaghat Ltd for the 100MW HFO based power plant at Meghnaghat in Narayanganj and also Taka 1,157.52 crore to Summit Narayanganj Power Limited for the 102MW HFO based power plant at Madanganj in Narayanganj.
Zillur said the day's CCGP meeting gave nod to a proposal from the Bangladesh Power Development Board (BPDB) for taking expert services from General Electric Global Services GmbH, Switzerland with around Taka 92.42 crore for installation, proper operation and maintenance of gas turbine and gas turbine generator of Ghorashal 4th unit repowered combined cycle power plant.
Besides, the meeting approved another proposal from the BPDB for taking retail equipments, expert services from M/s Marubeni Power and Infrastructure Systems Corporation, Japan with around Taka 420 crore for conducting the schedule maintenance work of gas turbine and gas turbine generator of Bibiana-III, 400MW combined cycle power plant.
The meeting also approved a proposal from the Energy and Mineral Resources Division under which the Petrobangla would procure 33.60 lakh MMBtu LNG from M/s Vitol Asia Pte Ltd, Singapore with around Taka 1,241.49 crore where the per unit MMBtu would cost $36.70.
