Move underway to extend deals of two pvt sector power plants

A move is underway to extend the agreement of two more power plants in the private sector, reports UNB.
The two plants are 110 MW NEPC barge-mounted power plant (BMPP) at Haripur in Narayanganj, and 53 MW Ashuganj United Power Ltd in Ashuganj power station.
Earlier, the government extended the power purchase agreement (PPA) of a good number of private power plants for five more years.
Most of these plants are costly rental power plants, set up for 3-5 years tenure to tackle the nagging power crisis on short-term basis.
Power Division officials said the government was unwilling to further extend the 110 MW NEPC plant's deal, as its power production cost is relatively higher. But a recent fire incident at 450 MW Meghnaghat power plant prompted the government to move for extending its deal for another one year.
An official, however, informed that the negotiation with Pendekar Energy, which owns the NEPC plant, is yet to be completed.
He said the government has concluded its negotiation with 53 MW Ashuganj United Power Ltd about further extension of its deal for another five years.