The EPC (Engineering, Procurement, and Construction) Contract on
installing the Power Plant of Rampal is likely to be signed today. The
contract signing ceremony between BHEL and BIFPCL on 1320 MW Maitree
Super Thermal power project is likely to be arranged at the city’s
The state minister for Power Energy and Mineral Resources Nasrul Hamid
has confirmed about the contract signing. He said, “The USD
1.2-billion engineering, procurement and construction (EPC) contract
may be signed today if the Power Division gets the statutory
regulatory order (SRO) from the National Board of Revenue (NBR) for a
tax exemption on bringing machinery and equipment for the proposed
plant. If not, the contract will be signed on Wednesday”.
However, in the earliest period of the last January, BIFPCL has
approved BHEL as the lowest bidder by evaluating the tender. National
Thermal Power Corporation (NTPC) and Bangladesh Power Development
Board (PDB) have also shown their consent to give this project to
BHEL at the last of the same month.
As reported by the related sources, in 30th January a letter was
issued to BHEL informing them to sign the deal. According to the terms
and conditions, the deal between BIFPCL and BHEL was supposed to be
signed within no more than 28 days after receiving that letter.
Though the given time was over, BHEL couldn’t manage to sign the
deal. However, they managed to deposit caution money (as performance
The Indian Exim Bank has apprised that, they would finance the
coal-fired Power Plant of Rampal if BHEL gets awarded as the lowest
bidder. In that case, a financial agreement is meant to be signed with
that Bank indeed. Sources have said that, this financial deal will be
signed within the next three months.
However, BHEL will have to make the first unit operational within 41
months and the second unit within 46 months, right after the financial
agreement is being signed. According to these time scheduling, the
construction of this power plant will be completed at the end of 2019.
70 percent funding of the Rampal’s project cost will be collected as a
loan and the rest 30 percent will be borne by PDB and NTPC