PDB fines two cos for failing to install RPP
Tuesday, 15 June 2010
The state-owned Power Development Board (PDB) has imposed penalty on Rahimafrooz and Otobi for failure in commissioning their respective rental power plant (RPP) as per contract, reports UNB.
Otobi is the sponsor of the diesel-based 100 MW Bheramara rental power plant, and Rahimafrooz is the sponsor of the 50 MW Thakurgaon plant.
As per contract, both the plants were supposed to come into operation by June 4. But none of them were able to commission the plants in accordance with the deadline.
Sources said about 55 per cent work of the Bheramara project, and 90 per cent of the Thakurgaon project has so far been completed.
An Otobi project official admitted the delay in setting up the plant. Rahimafrooz Group Director Munwar Misbah Moin did not respond to telephone calls.
The contract provided that in case of failure or default, each of the sponsors will have to pay US$ 500 per day per megawatt against their contracted plant capacity.
Now, Otobi has to pay minimum US$ 50,000 (equivalent to Tk 3.45 million) per day against its 100 MW Bheramara plant. Similarly, Rahimafrooz has to pay US$ 25,000 (Tk 1.725 million) per day against its 50 MW Thakurgaon plant, said a PDB official.
He said they have already served notice on June 4 upon the sponsors about imposition of the penalty.
The PDB signed the contracts with the two sponsors on February 4 this year, asking them to install and commission their respective plants within 120 days. Both have failed.
Otobi is the sponsor of the diesel-based 100 MW Bheramara rental power plant, and Rahimafrooz is the sponsor of the 50 MW Thakurgaon plant.
As per contract, both the plants were supposed to come into operation by June 4. But none of them were able to commission the plants in accordance with the deadline.
Sources said about 55 per cent work of the Bheramara project, and 90 per cent of the Thakurgaon project has so far been completed.
An Otobi project official admitted the delay in setting up the plant. Rahimafrooz Group Director Munwar Misbah Moin did not respond to telephone calls.
The contract provided that in case of failure or default, each of the sponsors will have to pay US$ 500 per day per megawatt against their contracted plant capacity.
Now, Otobi has to pay minimum US$ 50,000 (equivalent to Tk 3.45 million) per day against its 100 MW Bheramara plant. Similarly, Rahimafrooz has to pay US$ 25,000 (Tk 1.725 million) per day against its 50 MW Thakurgaon plant, said a PDB official.
He said they have already served notice on June 4 upon the sponsors about imposition of the penalty.
The PDB signed the contracts with the two sponsors on February 4 this year, asking them to install and commission their respective plants within 120 days. Both have failed.