Bangladesh Power Development Board (PDB) has approved in principle the proposal of an Indian private power producer, Adani Group, for importing 1,480mw of electricity.
Earlier, Indian Adani Group proposed to export 1,480MW of power to Bangladesh while it has an agreement with the country to set up a power plant with 1,600 MW capacity.
As per proposal, Adani primarily sought Tk 6.86 per unit of electricity the government will negotiate it after the permission of Power Division.
A PDB official said, "Yes we have submitted a proposal to the Power Division for permission of importing electricity. Primarily Adani proposed to supply 3,200MW of power to Bangladesh."
State Minister for Power and Energy Nasrul Hamid said, "For sustainable development private investment plays a key role, so we have a plan to increase private investment in power sector."
In February Adani sent the proposal to the Power Division then the Power Division sought the opinion of Power Board. On February 14, the PDB approved the proposal in principle at a board meeting.
In March the proposal has been sent to the Power Division for final approval. According to the proposal Adani will be responsible for transmitting power to boarder from Indian grid. And Adani will set up 400kv transmission in boarder area line using own fund.
Earlier Adani signed an agreement to set up 1,600MW power plant at Moheshkhali Cox's Bazar in the country on June 6, now it proposed on June 23 to export to Bangladesh 1,480MW of power from its existing imported coal-based power plant in India's Gujarat.
On June 6, 2014 while Indian Prime Minister Norendra Modi paid a visit to Bangladesh, the government signed a Memorandum of Understanding (MoU) with two Indian companies for generating 4,600 megawatt (MW) electricity for meeting the power requirement and ensuring the energy security of the country.
Bangladesh Power Development Board (BPDB) signed the MoU with Indian Reliance Power Limited and Adani Power Limited to generate 4,600MW electricity by setting up separate power plants in suitable locations. Nowadays the government is importing 600MW of power from India, of this 100 MW per unit Tk 6.41 and 500MW with per unit Tk 5.
Earlier State Minister for Power Energy and Mineral Resources declared that another 100 MW will be imported using Comilla-Kashba line. The government als intends to import 500 MW more from India. Negotiation on this will start very soon.