Energy Bangla

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Dhaka Friday,  May 14, 2021

Outgoing President of BIPPA cites major achievements

Mohammad Latif Khan at the end of his two consecutive terms (i.e. four years tenure) as the President of Bangladesh Independent Power Producers Association (BIPPA) cited the top three achievements under his leadership. BIPPA received support from the Government of Bangladesh on following:

a. Compulsory membership of BIPPA of all IPPs operating in Bangladesh,

b. Eliminated multi-tier taxation on dividend income of Bangladeshi Power Producers and,

c. Exemption of Advance Income Tax (AIT) on imports of plants, equipment and machinery for construction of power plants.

All of which translating to IPPs generating electricity for Bangladesh at a more economical rate. The representatives of thirty-six member companies were present in the Annual General Meeting (AGM).

BIPPA was formed in June 2014, a trade organisation that represents fifty-three Independent Power Producers (IPPs) of the country. BIPPA is committed to sustainable production and uninterrupted distribution of electricity, an essential service for the nation’s progress and development.

 

 

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