A Chinese-Bangladeshi consortium will sign an agreement tomorrow (September 4, 2022) with Bangladesh Power Development Board (BPDB) to set up a 55MW wind power plant on build-own-operate basis in Bagerhat’s Mongla, reports UNB.
The Cabinet Committee on Government Purchase approved the proposal of a Chinese-Bangladeshi consortium to set up the wind power plant in December 2020.
As per proposal of the Consortium of Envision Energy, Jiangsu Co. Ltd., China, SQ Trading and Engineering, Bangladesh and Envision Renewable Energy Limited, Hong Kong will develop the plant under a new special project vehicle (SPV) company Mongla Green Power Ltd.
The project cost is expected to be around $96.597 million.
According to BPDB officials, the government will pay a total of more than Tk 2035.12 crore for the entire contract period against its purchase of electricity from the maiden private wind power project.
Bd-pratidin/Ishrar Tabassum
