NTPC bags order to supply 300 MW electricity to Bangladesh
NEW DELHI -
NTPC, India’s biggest electricity producer, on Tuesday said it has won a tender to supply 300 megawatts (MW) of electricity to Bangladesh for 15 years.
Bangladesh Power Development Board (BPDB) had invited tenders for supply of 500 MW power from India for short term (1 June, 2018 to 31 December, 2019) and long term (1 January, 2020 to 31 May, 2033). NTPC Vidyut Vyapar Nigam (NVVN), Adani Group, PTC and Singapore-bases Sembcorp submitted bids by the scheduled date of 11 January.
Financial bid was opened on 11 February, the company said in a statement. “NVVN, wholly-owned subsidiary of NTPC Limited, emerged as successful bidder (L1), both in short term and long term for 300 MW power,” it said.
Without giving details of the rate at which power will be supplied, NTPC said supply of electricity is likely to commence from June 2018 after commissioning of 500 MW HVDC inter-connection project between India and Bangladesh. India currently exports approximately 600 MW electricity to Bangladesh.
Related News
Secret Liberal cabinet document reveals Electricity prices to soar
TORONTO - The short-term gain of a 25 per cent reduction in rates this summer could lead to long-term pain as a leaked cabinet document forecasts prices jumping again in five years.
In the briefing materials leaked and obtained by the Progressive Conservatives, rates will start rising 6.5 per cent a year in 2022 and top out at 10.5 per cent in 2028, when average monthly bills hit $215.
That would be up from $123 this year once the rate cut — the subject of long-awaited legislation unveiled Thursday by Energy Minister Glenn Thibeault — takes full effect. There will be another…
