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Four similar rental power plants’ contracts were extended by the same committee for different tenures last week.

Purchase of electricity from grid-tied solar power plants to be set up by private firms, procurement of SPC poles for electricity expansion project, and purchase of fertiliser were among the proposals given approval in the CCPP’s latest meeting.

Finance minister AHM Mustafa Kamal presided over the virtual meeting while members of the committee attended it.

As per the latest proposal placed by the Power Division, the BPDB’s Power Purchase Agreement (PPA) with private firm Venture Energy Resources Ltd. will extend for another four years to get electricity from the existing 40 MW gas-fired rental power plant in Bhola.

For this purchase, the BPDB will have to spend Tk 3809 million (380.9 crore) during the extended contract period.

However, the power tariff has been lowered to 3.3970 US cents (Tk 2.7176) from 3.49 US Cents (Tk 2.79) per kilowatt hour (each unit) which will save Tk 498.8 million (49.88 crore) in the next four years, said additional secretary of the cabinet division Shamsul Arefin while briefing newspersons about the outcomes of the CCPA meeting.

A proposal of Bangladesh Rural Electrification Board (BREB) received the approval of the cabinet purchase committee to procure 32,400 SPC poles from the Joint Venture of Caslte Construction Co. Ltd. and Poles and Concrete Ltd. Dhaka at a cost of Tk 315.9 million (31.59 crore).

The committee approved a BPDB proposal to purchase electricity from a 70 MW grid-tied solar power plant to be set up by the Consortium of Daehan Green Energy Co. Ltd., HI korea Co. Ltd. and Pabna Solar Power Ltd. at Ishwardi upazila of Pabna district.

The BPDB will purchase electricity from the plant at 10.15 US Cents (equivalent to Tk 8.12) per kilowatt hour for which will involve a cost of Tk 18432 million (1,843.20 crore) over the contract period of 20 years.

Another proposal of the BPDB received approval for purchasing electricity from a 50 MW grid-tied solar power plant to be set up by the Consortium of Total Eren S.A., France, Norwegian Renewables Group AS, Norway and Urban Services Ltd, Bangladesh.

The BPDB will purchase electricity from the plant at the same rate of 10.15 US Cents (equivalent to Tk 8.12) per kilowatt hour over the contract period of 20 years involving a cost of Tk 13122 million (1,315.20 crore).

The committee approved a proposal of the Bangladesh Chemical Industries Corporation (BCIC) to import 30,000 tonnes of bulk granular urea fertiliser from Distribution Limited, UAE at a cost of Tk 2467.7 million (246.77 crore) while another similar proposal of the same entity to import 30,000 tonnes of bulk fertiliser at Tk 2467.7 million (246.77) from Muntajat of Qatar received the nod of the committee.

The BCIC’s another proposal to import 25,000 tonnes of rock phosphate from Gentrade, UAE, at Tk 81439 million (81.49 crore) received the approval of the committee.

The committee approved two separate proposals of the Bangladesh Agriculture Development Corporation (BADC) to import 40,000 tonnes of DAP fertiliser at Tk 3090.6 million (309.06 crore) and 30,000 tonnes of MOP fertiliser at Tk 1529.2 million (152.92 crore).

Each ton of DAP will cost at $900 and MOP at $593.75 considering US dollar rate at Tk 85.50.

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