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PDB to import 200 MW more power from India

Published : Friday, 12 October, 2018 at 12:00 AM Count : 426
Business Correspondent

Bangladesh Power Development Board (PDB) will import 200 megawatt (MW) more electricity from India, PDB official said in Dhaka on Thursday.
PDB signed the deal with India's power trading firm PTC to import 200 MW electricity at $1.8 billion on October 9.
 "The transaction is expected to give export earning of $1.8 billion over its contract period," PTC said in New Delhi on in a statement.
India has been playing a key role in creating a new energy security architecture for its neighbours against the backdrop of China's Belt and Road initiative aimed at connecting countries across Asia, Africa and Europe.
Bangladesh has been looking at India to meet its ambitious target of providing 'electricity to all' by 2021.
"PTC India is already supplying 290 MW power to Bangladesh, has signed two new agreements for 200 MW on short and long term basis for 15 years. The short-term power for 200 MW is from the power pool of West Bengal State Electricity Distribution Company Ltd (WBSEDCL).The long-term power will be supplied through imported coal project of Meenakshi Energy Ltd," according to the statement.
As part of India's strategy of playing a key role in creating a new energy security architecture for its neighbours, 660MW is currently being supplied to Bangladesh.
India and Bangladesh last year signed two lines of credit worth $5 billion during Sheikh Hasina's visit to India. During the visit, Modi highlighted energy security as an important dimension of India-Bangladesh ties and said he planned to add another 500MW under an existing transmission link.
"This transaction is another step towards a regional market for power that will aid closer cooperation among our neighbours for energy security," PTC India said in a statement quoting Chairman and Managing Director Deepak Amitabh.
This comes in the backdrop of India pitching for a global electricity grid at the first general assembly of the International Solar Alliance (ISA) last week. India has also been championing for a South Asian Association for Regional Cooperation (SAARC) electricity grid that envisages meeting electricity demand in the region.
Mint reported on 12 July about Bangladesh's plan to wheel power from projects being set up in India across fuel sources to help meet its energy demands, quoting Ahmad Kaikaus, secretary, power division, Bangladesh's power, energy and mineral resources ministry.
Around 660MW is currently being supplied to Bangladesh as part of India's strategy of playing a key role in creating a new energy security architecture for its neighbours.
Around 660MW is currently being supplied to Bangladesh as part of India's strategy of playing a key role in creating a new energy security architecture for its neighbours.







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