Today, Summit Power Limited’s three gas-based power plants were given a five-year extension on the deadline for purchasing electricity from the Cabinet Committee on Government Purchase (CCGP).
The decision resulted from its seventh meeting of the year, which was chaired by Finance Minister Abul Hassan Mahmood Ali and held today in the Bangladesh Secretariat’s Cabinet Division Conference Room.
Following the meeting, Md. Mahmudul Hossain Khan, Cabinet Division Secretary (Coordination and Reforms), briefed reporters on the outcomes of the day’s proceedings. He reported that three suggestions had been adopted.
He said following a proposal from the Power Division, the CCGP meeting extended the timeframe for these three gas-based power plants by another five years from the date of expiry on November 22, 2023.
Mahmudul said the tariff for these three power plants would be lower this time as it would be Taka 6.04 per unit for which around Taka 6.81 crore would be saved in this fresh five-year tenure. These power plants would be operated under “No Electricity, No Payment” basis while there will be only operational charge, he added.
The minister reported that the Energy and Mineral Resources Division’s proposal to sign the fifth supplementary agreement with China Petroleum Pipeline Engineering Co Ltd (CPPEC), the EPC contractor, was approved by the CCGP meeting. The purpose of this agreement is to procure a tugboat that has the necessary capacity, provide pilotage, and access ancillary services to successfully complete the testing and commissioning work under the project “Installation of single point mooring (SPM) with double pipeline,” which is being implemented by the Eastern Refinery Limited (ERL).
A cost variation suggestion from the Ministry of Railways was also agreed at the meeting.
