Govt to ink deals for 4 power plants today
Thursday, 12 May 2011
FE Report
The government will ink deals for four big power plant projects to generate 1,167 megawatts (mw) of electricity by private entrepreneurs at a function at Biddut Bhaban in the city today (Thursday). Country's largest private entrepreneur in power sector Summit Group will install three gas-fired power plants, while another plant will be state-owned. Summit Group's subsidiary Summit Bibiyana One Power Company Ltd will build 350-megawatt (mw) Bibiyana I power plant, Summit Bibiyana Two Power Company Ltd will install 350-mw Bibiyana II power plant and Summit Meghnaghat Power Company Ltd will build 335-mw power plant. The remaining deal will be signed with an engineering, procurement and construction (EPC) contractor for building 132-mw Khulna power plant, said a power ministry official. Once the deals are inked, Summit will build all the three power plants within 36 months from the date of signing. State-owned Bangladesh Power Development Board (BPDB) will be purchasing electricity for 22 years from the Summit plants. Around 150 million cubic feet of gas will be required daily to generate electricity from the three power plants. Prime Minister's Adviser on Energy Issues Tawfiq-e-Elahi Chowdhury will be the chief guest at the function, while State Minister for Power Mohammad Enamul Haque will be the special guest.
The government will ink deals for four big power plant projects to generate 1,167 megawatts (mw) of electricity by private entrepreneurs at a function at Biddut Bhaban in the city today (Thursday). Country's largest private entrepreneur in power sector Summit Group will install three gas-fired power plants, while another plant will be state-owned. Summit Group's subsidiary Summit Bibiyana One Power Company Ltd will build 350-megawatt (mw) Bibiyana I power plant, Summit Bibiyana Two Power Company Ltd will install 350-mw Bibiyana II power plant and Summit Meghnaghat Power Company Ltd will build 335-mw power plant. The remaining deal will be signed with an engineering, procurement and construction (EPC) contractor for building 132-mw Khulna power plant, said a power ministry official. Once the deals are inked, Summit will build all the three power plants within 36 months from the date of signing. State-owned Bangladesh Power Development Board (BPDB) will be purchasing electricity for 22 years from the Summit plants. Around 150 million cubic feet of gas will be required daily to generate electricity from the three power plants. Prime Minister's Adviser on Energy Issues Tawfiq-e-Elahi Chowdhury will be the chief guest at the function, while State Minister for Power Mohammad Enamul Haque will be the special guest.