Staff Reporter :
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said many foreign entrepreneurs are looking to make big investment in different sectors in Bangladesh, a place considered investment-friendly.
“We’re trying to make it more investment-friendly for the foreign entrepreneurs. We will put all efforts in mitigating the growing demand for energy the industries here,” Nasrul told a function in the capital on Monday, making signing of an agreement to procure electricity from India.
Bangladesh Power Development Board (BPDB) signed the deal with Nutan Bidyut Bangladesh Limited, a newly formed power company by Shapoorji-Pallongi Group of India, for procuring 220 megawatt (MW) electricity.
The government will continue purchasing power from the company at the rate of 3.98 cent per unit for natural gas generation and at 16.96 cent for diesel production for a span of 22 years.
According to the deal, the power company will supply electricity to the national grid from December 2019. The duel fuel power plant having 220 MW capacity of power generation will be set up at Bhola.
Nasru Hamid said the power generation capacity reached 15,775 MW now and over 80 percent people have been brought under electricity coverage.
Mina Masud-uz-Zaman, PDB secretary and Sinha Mahapatra, director of Nutan Bidyut Bangladesh Limited signed the power purchase and implementation agreement,while Power Secretary Dr Ahmed Kaikaus and Chairman of BPDB Khaled Mahmud were present.
State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said many foreign entrepreneurs are looking to make big investment in different sectors in Bangladesh, a place considered investment-friendly.
“We’re trying to make it more investment-friendly for the foreign entrepreneurs. We will put all efforts in mitigating the growing demand for energy the industries here,” Nasrul told a function in the capital on Monday, making signing of an agreement to procure electricity from India.
Bangladesh Power Development Board (BPDB) signed the deal with Nutan Bidyut Bangladesh Limited, a newly formed power company by Shapoorji-Pallongi Group of India, for procuring 220 megawatt (MW) electricity.
The government will continue purchasing power from the company at the rate of 3.98 cent per unit for natural gas generation and at 16.96 cent for diesel production for a span of 22 years.
According to the deal, the power company will supply electricity to the national grid from December 2019. The duel fuel power plant having 220 MW capacity of power generation will be set up at Bhola.
Nasru Hamid said the power generation capacity reached 15,775 MW now and over 80 percent people have been brought under electricity coverage.
Mina Masud-uz-Zaman, PDB secretary and Sinha Mahapatra, director of Nutan Bidyut Bangladesh Limited signed the power purchase and implementation agreement,while Power Secretary Dr Ahmed Kaikaus and Chairman of BPDB Khaled Mahmud were present.
