Energy Bangla

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Dhaka Wednesday,  Apr 25, 2018

India To Lend $3.57 Billion To BD’s Power Sector

EB Report

India is likely to lend an amount of $3.57 billion to Bangladesh for
the development of this country’s power sector. The loan agreement is
likely to be signed in the Prime Minister’s next visit to India.

Four more Memorandum of Understandings (MoU) regarding the country’s
power sector are expected to be signed as well in the Bangladeshi
Prime Minister’s upcoming visit to India.

Out of this $3.57 billion borrowed money, Bangladesh may spend $940
million on installing the nuclear power plant of Ruppur, $177 million
at constructing the power transmission line from Jharkhand of India to
Bogra of Bangladesh to import electricity from India and $157 million
at materializing different solar projects.

Signing MoU with the Indian government on importing 60 MW of more
electricity from Tripura is already in crossing its final stage.
Besides, importing electricity from Indian company GMR which is
building a hydropower plant in Nepal, importing 1,600 MW of
electricity from Jharkhand and installing a combined power grid with
Bangladesh-India-Bhutan-Nepal are among the most expected MoUs that
are likely to be signed in the PM’s next visit to India,

Regarding the electricity import from India, PowerCell Director
General Mohammad Hossain said to EnergyBangla, Bangladesh is now
importing 100 MW of power from Tripura; importing 60 MW of more
electricity is now in final stage. Bangladesh may get the additional
60 MW of power from the next December once the deal is finalized in
the PM’s upcoming visit. Indian Adani group has proposed to export
1,600 MW of electricity to Bangladesh that will be generated at a
coal-fired power plant of Jharkhand, he added.

The PM Sheikh Hasina is going to visit India on 7th April. Related
sources claimed that, the Prime Ministers from both countries will
jointly inaugurate the 60 MW electricity import from Tripura through a
video conference.

Bangladesh started importing 100 MW of electricity from Tripura since
31st March of last year with a cost of 6.26 taka cost for each unit.
The expected import 60 MW of electricity will cost according to the
same rate, said the related sources.

There is no other way to import electricity from Bhutan and Nepal
except for using the land of India, considering this fact Bangladesh
is going to sign a few MoU with India in the PM’s next visit.

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