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Dhaka Thursday,  May 13, 2021

Bangladesh-Sri Lanka sign deal on power plant

Bangladesh Power Development Board (PDB) has signed an agreement with Lakthanavi Power Ltd, a Sri Lankan firm, to set up a 52 MW dual-fuel power plant in Jangalia under Commilla district within next 15 months. According to the agreement, the Sri Lankan firm will set up the power plant with capacity of 52.2 MW. Gas and furnace oil would be use here as a primary fuel, however, when it will run through gas, the government will buy per unit (each kilowatt hour) of electricity at Tk 4.25 and when it uses furnace oil, the tariff will be Tk 7.105 per unit.

Prime Minister’s Advisor Dr. Tawfiq-e-Elahi Chowdhury, Power Secretary Monwar Islam Sri Lankan High Commissioner Sarath K. Weragoda and top official were present at the signing ceremony that was held at Buduyt Bhaban on Wednesday afternoon.

Taking part in the discussion, Dr. Tawfiq-e-Elahi Chowdhury said that the government has been successful to increase the power generation to more than 7000 MW because of Prime Minister Shekh Hasina’s boldness and firm decision.

“To implement the power projects, government invested around US$ 8 billion in power sector in last 5 years,” the advisor said.

Welcoming foreign investment in power sector, the advisor said government needs huge money to implement the power projects in proper manner, “Bangladesh has lot to learn from the island state as it got huge success in education and other sectors.”

However, government signed three deals with Lakthanavi Bangla Power Limited, a subsidiary of the Colombo-based LTL Holdings including Implementation Agreement (IA), Power Purchase Agreement (PPA) and Land Lease Agreement (LLA).

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