Bangladesh to source 600MW more power from India

Tripura, Dec. 1 (NsNewsWire) — India is in the final stage of concluding a deal with Bangladesh for sale of 100 MW of power from ONGC Tripura Power Company and has started talks for sale of another 500MW to the neighbouring nation by 2016 as Dhaka seeks to source more power from regional suppliers to meet its rising energy demand, said Tawfiq-e-Elahi Choudhury Bir Bikram, advisor to Bangladesh Prime Minister Sheikh Hasina on power, energy and natural resource affairs.

Bangladesh is planning to source about 5,000 MW of power from regional suppliers like India, Nepal and Butan over the next few years.

“We are yet to decide on the tariff for power purchase under the deals currently being discussed but we hope it would be favourable to us,” said C Choudhur . On a visit to the state, he told select reporters that Bangladesh faces a peak time power shortage of about 5-10% and would look for large power purchase deals as its energy requirement is expected to go up further in line with consumption and higher economic activity. The weighted average tariff of Bangladesh’s power purchase deals now works out to about 6.5 Taka.

http://www.financialexpress.com/article/economy/bangladesh-to-source-600mw-more-power-from-india/