BD to Establish $8 billion Power Company

[eastwatch]

Daily Times - Leading News Resource of Pakistan

Tuesday, April 26, 2011
BD okays $8bn firm for 20,000 MW

DHAKA: Bangladesh has approved formation of an $8 billion company to invest in coal-fired power plants, along with private companies, that would generate 20,000 megawatts (MW) by 2030, officials said on Monday.

“The approval was made at a cabinet meeting attended by Prime Minister Sheikh Hasina today,” Hasina’s press secretary Abul Kalam Azad told Reuters.

Bangladesh currently faces an electricity shortage of 1,500 MW at peak times, with generation of 4,000 MW against a requirement of 5,500 MW.

The Coal Power Generation Company will be set up under the Bangladesh Power Development Board (BPDB), which monitors and regulates generation and distribution of electricity in the country.

“BPDB will hold some 30 percent share in each plant, leaving the rest for local and foreign private firms, forging joint ventures,” a senior official of BPDB said. reuters

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[eastwatch]

This AL govt announces many projects in the mornings, but usually they forget to do the follow-up works to implement those projects. This $8 billion dollar company will be duly forgotten by the govt, and we will read another similar story tomorrow.

 

[pakiboi]

but 2030 . . don't u think it is a bit tooooooo late -_- . . considering the pace of technology currently . .

 

[eastwatch]

but 2030 . . don't u think it is a bit tooooooo late -_- . . considering the pace of technology currently . .

BD politicians and bureaucrats are talkative and are not very professional. They speak something that is base less. 20,000 MW installed capacity is too small for the country, because we need approximately the same in 2011. And instead of planning how to develop our coal fields through private @participation, they are talikng about some non-existence $8 billion.

 

[Zabaniyah]

Jeez...$8 billion for some coal-fired power plants? Sounds cheap (sarcasm).