NTPC's arm NVVN has emerged as the lowest bidder for supply of 300 MW power to Bangladesh. -Reuters
Indian state-owned power producer NTPC has won a contract to supply 300MW power to Bangladesh for 15 years.NTPC Vidyut Vyapar Nigam, a wholly-owned subsidiary of India's biggest power producer, emerged as the lowest bidder in the tender invited by Bangladesh Power Development Board (BPDB), NTPC said in a statement.
The BPDB had invited tenders for supply of 500MW power from India for short term (June 1, 2018 to December 31, 2019) and long term (January 1, 2020 to May 31, 2033). NTPC, PTC and Singapore-based Sembcorp submitted bids.
Without giving details of the rate at which power will be supplied, NTPC said the supply of electricity is likely to start in June after the commissioning of 500MW HVDC inter-connection project between India and Bangladesh.Citing a source, the PTI report, however, says the company expects an annual revenue of 9 billion rupees at an estimated tariff of 3.42 rupees per unit.Bangladesh currently imports some 660MW of electricity from India.
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