Ink pact for the Rs. 882-crore project connecting Behrampur and Behramara
NTPC keen to set up power plants in Bangladesh
CII, FBCCI to promote trade and investment
NEW DELHI: India and Bangladesh have given a final shape to the agreement for setting up a 130-km power transmission link to be established at a cost of Rs. 882 crore further strengthening cooperation between the two nations in the power sector. “We have decided to set up a power transmission link between India and Bangladesh to be operational in two years or by July 2012 at an estimated cost of about Rs. 882 crore,” Power Secretary H. S. Brahma said. Power Grid Corporation of India Limited (PGCIL) would invest Rs. 178 crore while the balance would be borne by Bangladesh. The Bangladesh delegation was led by its Secretary, Power, Mohammad Abul Kalam Azad.
The transmission line would connect Behrampur in India and Behramara in Bangladesh. Out of the 130-km link, 45 km would fall in the Indian territory and the remaining would be built on Bangladesh land.
India’s largest power generation company NTPC would also set up power projects in Bangladesh and would also take up renovation and modernisation (R&M) of existing projects. “NTPC is keen to set up power plants there and also take up R&M works for the existing projects,” he added.
The two countries signed an energy agreement after a meeting between Bangladesh Prime Minister Sheikh Hasina and Prime Minister Manmohan Singh. Under the agreement, India agreed to supply 250 MW of power out of its central share of 15 per cent. Besides this, India also assured supply of 200 MW depending on the requirement of Bangladesh, Brahma added.
Bangladesh’s current installed capacity of power stands at 5,000 MW and it plans to augment this to 13,000 MW by 2015.
In a related development, Confederation of India Industry (CII) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) signed an agreement to enhance their work in promoting trade and investments. Under the national campaign of ‘digital Bangladesh’, Meru Cabs and Tata also presented their intent to invest in Bangladesh.