UNB, Dhaka :
The Cabinet Purchase Committee on Wednesday approved Indian conglomerate Reliance Group’s proposal to set up a 750MW gas-fired power plant in Meghnaghat.
The Indian business house also received the Cabinet body’s nod for setting up a 500 mmcfd capacity LNG terminal in Moheshkhali to import gas to run the power plant.
The state-owned Gas Transmission Company Limited (GTCL) will install a pipeline to channel the Reliance-imported gas to its Meghhnaghat power plant.
A meeting of the Cabinet body, with Finance Minister AMA Muhith in the chair, gave the nod to the Reliance proposals.
Additional Secretary Mustafizur Rahman, while briefing reporters on the Cabinet body’s decisions, said that the state-owned Power Development Board (PDB) will import electricity from the Reliance plant at Tk 5.85 per kilowatt hour (unit cost) for next 22 years.
That means the government will spend a total of Tk 80,945 crore (about $8 billion) over the 22-year period buying electricity from the plant.
Additionally, Reliance will lease about 40 acres of land from the government to set up the plant.
Interestingly, the Reliance Group will import 500 mmcfd LNG and convert it into natural gas through its Moheshkhali terminal of which it will utilize 150 mmcfd gas for its own power plant and sell the remaining 350 mmcfd gas to the government.
Lastly the Cabinet body approved a proposal of Adani Group, another Indian business house, to import 1600MW electricity from its power plant in Jharkhand state.
Both Reliance and Adani had signed memorandums of understanding with the Bangladesh government during the Indian Prime Minister Narendra Modi’s Dhaka visit in June, 2015.
The Cabinet Purchase Committee on Wednesday approved Indian conglomerate Reliance Group’s proposal to set up a 750MW gas-fired power plant in Meghnaghat.
The Indian business house also received the Cabinet body’s nod for setting up a 500 mmcfd capacity LNG terminal in Moheshkhali to import gas to run the power plant.
The state-owned Gas Transmission Company Limited (GTCL) will install a pipeline to channel the Reliance-imported gas to its Meghhnaghat power plant.
A meeting of the Cabinet body, with Finance Minister AMA Muhith in the chair, gave the nod to the Reliance proposals.
Additional Secretary Mustafizur Rahman, while briefing reporters on the Cabinet body’s decisions, said that the state-owned Power Development Board (PDB) will import electricity from the Reliance plant at Tk 5.85 per kilowatt hour (unit cost) for next 22 years.
That means the government will spend a total of Tk 80,945 crore (about $8 billion) over the 22-year period buying electricity from the plant.
Additionally, Reliance will lease about 40 acres of land from the government to set up the plant.
Interestingly, the Reliance Group will import 500 mmcfd LNG and convert it into natural gas through its Moheshkhali terminal of which it will utilize 150 mmcfd gas for its own power plant and sell the remaining 350 mmcfd gas to the government.
Lastly the Cabinet body approved a proposal of Adani Group, another Indian business house, to import 1600MW electricity from its power plant in Jharkhand state.
Both Reliance and Adani had signed memorandums of understanding with the Bangladesh government during the Indian Prime Minister Narendra Modi’s Dhaka visit in June, 2015.
