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Dhaka Monday,  May 29, 2017

PM’s India Visit: 11 Deals Including Credit Deal Of Rampal To Be Signed

EB Report

According to the International Relations expert, Bangladesh is about to reach a new height in terms of maintaining regional and sub-regional cooperation activities with its neighboring countries. Today the Prime Minister Sheikh Hasina is going for a 4-day visit to India, where a plentiful number of deals, agreements and MoUs are anticipated to be signed which will only strengthen Dhaka’s stance in regional cooperation.

Bangladesh, starving for energy amid huge demand within its growing industrial base has been emerging as a big market for energy sector related businesses; India’s looking forward to extending its business in power sector through multidimensional cooperation.

Bangladesh has been importing electricity from India for the last couple of months and more are to be imported soon. Importing energy sources like fuel, Liquefied Natural Gas (LNG) and installing power stations based on LNG are the next coming projects with India.

It’s anticipated that, the government is likely to sign 11 power sector deals, including a $1.6 billion credit agreement for the Rampal coal-fired power plant with India during this visit of Prime Minister Sheikh Hasina. Among these 11 deals, 6 are power sector related and 5 are energy sector related. These power sector deals will be the part of 33 anticipated deals to be signed in this visit.

According to the sources of power division, the two prime minister may witness the credit deal signing of Bangladesh-India Friendship Power Company Limited (BIFPCL) with the Indian Exim bank for Rampal power plant. BIFPCL is a joint venture company of Bangladesh and India which will be materializing the Rampal power plant. Besides,

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 visit to India. 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 a deal is likely to be signed to import that power.

Bangladesh has been importing 100 MW of electricity from Tripura of India since 31st March of the last year and 60 MW of more electricity is likely to be imported soon from there as well once it gets approved by the two governments during this visit of PM. Currently, the 100 MW of electricity is transmitted from Surja Manipur power station of Tripura to Comilla. The expected 60 MW electricity will be imported using the same transmission line.

At least five deals and MoUs are anticipated to be signed too in this visit of PM. Establishing LNG terminal in Bangladesh, importing oil from Numalighar and arranging training programs for Geographical Survey Department officials are among these anticipated deals.

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