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BD, China set to sign MoU to build power plant in Ctg under JV
BD, China set to sign MoU to build power plant in Ctg under JV
FE Report
Bangladesh and China are set to sign a memorandum of understanding (MoU) to build a 1,320 megawatts (mw) coal-fired power plant in Chittagong under a joint venture, a top official said Sunday.
Chairman of the state-owned Bangladesh Power Development Board (BPDB) is now visiting China to ink a deal to move forward for the implementation of planned joint venture coal-fired power plant project, said the official.
He said the power plant under joint venture will be built by the BPDB and China Hudian Hong Kong Company.
Top officials of the Chinese firm have already met with the power ministry and BPDB officials to build the joint venture firm to implement the power plant project.
Both the firms will decide on share of stakes of respective firms, timeframe and costs to implement the power plant under the joint venture.
A feasibility study will be conducted following signing of the MoU.
The power plant will run initially on imported coal. It will consume local coal to generate electricity in future subject to its availability, the official added.
The power plant will be built under a government plan to generate around 50 per cent of the overall electricity output from coal by 2030.
The government has prepared a road map to generate around 20,000 mw of electricity from coal-based power plants by 2030.
Of the targeted electricity, 11,250 mw would be generated from local coal, while the remaining 8,750 mw would be generated using imported coal,
If signed, it would be the country's second MoU with foreign countries to build coal-fired power plants jointly.
BPDB earlier signed MoU with Indian National Thermal Power Company (NTPC) in September 2010 to build another 1,320MW power plant in Khulna, near Mongla Port.
Although one year has already been passed there is no headway in implementation of the proposed joint venture power plant between the BPDB and NTPC.
The higher rate of electricity tariff as proposed by the NTPC is delaying implementation of the power plant, a power ministry official said.
The NTPC has proposed that the tariff for per unit (1 kWh) electricity would be Tk 14, nearly five times higher than the tariff of local coal-fired power plant.
BPDB has been producing per unit of coal-fired electricity at less than Tk 3 per unit from the country's lone Barapukuria coal-fired power plant.
BD, China set to sign MoU to build power plant in Ctg under JV
FE Report
Bangladesh and China are set to sign a memorandum of understanding (MoU) to build a 1,320 megawatts (mw) coal-fired power plant in Chittagong under a joint venture, a top official said Sunday.
Chairman of the state-owned Bangladesh Power Development Board (BPDB) is now visiting China to ink a deal to move forward for the implementation of planned joint venture coal-fired power plant project, said the official.
He said the power plant under joint venture will be built by the BPDB and China Hudian Hong Kong Company.
Top officials of the Chinese firm have already met with the power ministry and BPDB officials to build the joint venture firm to implement the power plant project.
Both the firms will decide on share of stakes of respective firms, timeframe and costs to implement the power plant under the joint venture.
A feasibility study will be conducted following signing of the MoU.
The power plant will run initially on imported coal. It will consume local coal to generate electricity in future subject to its availability, the official added.
The power plant will be built under a government plan to generate around 50 per cent of the overall electricity output from coal by 2030.
The government has prepared a road map to generate around 20,000 mw of electricity from coal-based power plants by 2030.
Of the targeted electricity, 11,250 mw would be generated from local coal, while the remaining 8,750 mw would be generated using imported coal,
If signed, it would be the country's second MoU with foreign countries to build coal-fired power plants jointly.
BPDB earlier signed MoU with Indian National Thermal Power Company (NTPC) in September 2010 to build another 1,320MW power plant in Khulna, near Mongla Port.
Although one year has already been passed there is no headway in implementation of the proposed joint venture power plant between the BPDB and NTPC.
The higher rate of electricity tariff as proposed by the NTPC is delaying implementation of the power plant, a power ministry official said.
The NTPC has proposed that the tariff for per unit (1 kWh) electricity would be Tk 14, nearly five times higher than the tariff of local coal-fired power plant.
BPDB has been producing per unit of coal-fired electricity at less than Tk 3 per unit from the country's lone Barapukuria coal-fired power plant.