India's NTPC to supply 300MW electricity to Bangladesh
Published : Tuesday, 13 February, 2018 at 6:57 PM Count : 346
National Thermal Power Corporation Limited (NTPC), the largest energy conglomerate of India, on Tuesday won a tender to supply 300 megawatts (MW) of electricity to Bangladesh for 15 years, reports Indian news agency PTI.
Bangladesh Power Development Board (BPDB) had invited tenders for supply of 500 MW power from India for short term (June 1, 2018 to December 31, 2019) and long term (January 1, 2020 to May 31, 2033).
NTPC Vidyut Vyapar Nigam (NVVN), Adani Group, PTC and Singapore-based Sembcorp had submitted bids by the scheduled date of January 11. Financial bid was opened on February 11, the company said in a statement.
“NVVN, a wholly-owned subsidiary of NTPC Ltd, emerged as a 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 the commissioning of 500-MW HVDC inter-connection project between India and Bangladesh.
India currently exports approximately 600 MW electricity to Bangladesh.