Business Desk :
The Bangladesh Rural Electrification Board (BREB) has allowed Summit Power to restart its two power plants from February 7 – that were shut down because of the expiry of the Power Purchase Agreement (PPA).
The Chandina Power Plant (Unit-2) with a capacity of 13.5 MW has remained closed since November 15, and the Madhabdi Power Plant (Unit-2) with a capacity of 24.3 MW since December 16, 2021. According to a disclosure by the company on the Dhaka Stock Exchange (DSE) website on Tuesday, Summit is now in the process of negotiating tariffs, and other terms and conditions with the BREB regarding PPA renewal.
The PPA of its Narayanganj Power Plant (Unit-1) with a capacity of 102 MW expired on 31 March last year.
Sources said the company had applied to the power division for extension of all its expired agreements but is yet to get permission.
