The state minister for Power, Energy and Mineral Resources Nasrul Hamid said that, the participation of the private companies in power generation is pleasant but their participation in transmission and distribution is still not enough.
The state minister said so while he was spectating the deal signing ceremony as the chief guest of a 149 MW power plant of Kodda, Gazipur, held at the Bidyut Bhaban at the city on yesterday. Summit Group yesterday signed a Power Purchase Agreement (PPA) with Bangladesh Power Development Board (BPDB or PDB) and an implementation deal with the power and energy ministry for the 149MW plant in Kodda, Gazipur.
Eng. Md. Mozammel Hossain the Managing Director of Summit Ace Alliance Power Ltd, Mina Masud Uzzaman, Secretary of BPDB and Sheikh Faezul Amin, Joint Secretary (Development) of Power Division under the Ministry of Power Energy and Mineral Resources signed the deal on behalf of their respective organizations.
Other senior officials and dignitaries including Engineer Khaled Mahmood, Chairman of BPDB and Muhammed Aziz Khan, Chairman of Summit Group were also present.
The state minister said that, about 49 percent of the total electricity is produced by the private sector companies; state-run companies will generate the base-load power that the country requires and rest of the power would be produced by the private sector companies. Nasrul Hamid then invited the private sector companies to contribute in the transmission and distribution system of power as it would improve the quality of service.
Aziz Khan said that, Summit group is currently generating 1,500 MW of electricity and now set to generate 149 MW more of electricity. He expressed his hope saying that, the project would be completed by March 2018 and would provide uninterrupted electricity to Gazipur region and to Kaliakor Hi-Tech Park. He added that, Summit group is planning to install another power plant that will generate 200 MW of electricity. Summit group is likely to install a Liquefied Natural Gas (LNG) plant at Maheshkhali in Cox’s bazar that would have the capacity supplying 500 mmcf of gas each day.
The power plant of Kodda will be installed on 10 acres of land and the plant is likely to operate 15 years after commissioning. Summit’s power plant will sell electricity to BPDB at Tk 7.15 per unit if it uses imported furnace oil or at Tk 2.80 when using natural gas but it will cost Tk 10.15 per unit if it uses fuel worth Tk 42 per liter.