Govt to slap penalty for delay in setting up fast-track rental power plants
Monday, 17 May 2010
FE Report
The government would slap rigorous penalty on any sponsor for defaulting on setting up of 'fast-track' unsolicited rental power plants in a bid to attune them with the country's first-ever move to quick-fix power crisis avoiding tendering, officials said Sunday.
In default, a company would have to pay penalty at the rate of US$ 500 per megawatt (mw) of electricity, which would be counted on a daily basis, a senior power ministry official said.
Currently the regular rental power plant sponsors pay similar penalty, which does not exceed 10 per cent of the total plant cost.
Unlike defaulters running regular rental plants, the sponsors of 'fast-track' unsolicited rental power plants must have to pay penalty to an unlimited extent until commissioning of their respective plants, said the official.
The government is moving fast to generate around 1200 mw of electricity, almost one-third of the total power generation at present, by commissioning the 'fast-track' unsolicited rental power plants.
The cabinet committee on government purchase has already approved signing of unsolicited deals with two private firms to generate around 300 megawatts (mw) of electricity and inked initial contracts with three more companies for generation of further 300 mw.
The cabinet committee has approved signing of two deals with the British Aggreko and another with the local Desh Energy to set up three diesel-run power plants with 100mw capacity each.
Aggreko will set up two 100mw rental plants at Khulna and Ghorashal and sell power to the state-owned Bangladesh Power Development Board (BPDB) at Tk 14.390 per unit ((1 kilowatt-hour).
Desh Energy would set up one 100mw diesel-run plant at Shiddhirganj and then sell electricity to the BPDB at Tk 13.33 per unit.
Both the companies will go into operation within three months of the final deals to be signed shortly.
The BPDB has also signed initial contracts with three more local firms to set up two 100mw plants at Modonganj and Kodda and another 115mw plant in Khulna.
It would also sign several initial contracts shortly with few more companies for setting up diesel and furnace oil-run plants at Shikalbaha, Syedpur, Meghnaghat and Madanganj, a senior BPDB official.
The government would slap rigorous penalty on any sponsor for defaulting on setting up of 'fast-track' unsolicited rental power plants in a bid to attune them with the country's first-ever move to quick-fix power crisis avoiding tendering, officials said Sunday.
In default, a company would have to pay penalty at the rate of US$ 500 per megawatt (mw) of electricity, which would be counted on a daily basis, a senior power ministry official said.
Currently the regular rental power plant sponsors pay similar penalty, which does not exceed 10 per cent of the total plant cost.
Unlike defaulters running regular rental plants, the sponsors of 'fast-track' unsolicited rental power plants must have to pay penalty to an unlimited extent until commissioning of their respective plants, said the official.
The government is moving fast to generate around 1200 mw of electricity, almost one-third of the total power generation at present, by commissioning the 'fast-track' unsolicited rental power plants.
The cabinet committee on government purchase has already approved signing of unsolicited deals with two private firms to generate around 300 megawatts (mw) of electricity and inked initial contracts with three more companies for generation of further 300 mw.
The cabinet committee has approved signing of two deals with the British Aggreko and another with the local Desh Energy to set up three diesel-run power plants with 100mw capacity each.
Aggreko will set up two 100mw rental plants at Khulna and Ghorashal and sell power to the state-owned Bangladesh Power Development Board (BPDB) at Tk 14.390 per unit ((1 kilowatt-hour).
Desh Energy would set up one 100mw diesel-run plant at Shiddhirganj and then sell electricity to the BPDB at Tk 13.33 per unit.
Both the companies will go into operation within three months of the final deals to be signed shortly.
The BPDB has also signed initial contracts with three more local firms to set up two 100mw plants at Modonganj and Kodda and another 115mw plant in Khulna.
It would also sign several initial contracts shortly with few more companies for setting up diesel and furnace oil-run plants at Shikalbaha, Syedpur, Meghnaghat and Madanganj, a senior BPDB official.