The Cabinet Committee on Public Purchase on Wednesday approved the proposal of a Chinese-Bangladeshi consortium to set up a 55-megawatt (MW) wind power plant on build-own-operate basis at Mongla in Bagerhat.
As per the proposal, the Consortium of Envision Energy, (Jiangsu) Co Ltd, China, SQ Trading and Engineering, Bangladesh and Envision Renewable Energy Limited, Hong Kong will set up the plant under a 20-year contract with the Bangladesh Power Development Board (BPDB).
The state-owned BPDB will purchase the electricity from the plant at a levelised tariff of $13.20 Cents, equivalent to Tk10.56 per kilowatt hour (each unit) over the period of 20 years.
The government will pay a total of Tk2,035.12 crore for the entire contract period against its purchase of electricity from the maiden private wind power project in the country, said Saleh Ahmed, additional secretary of the Cabinet Division. He was briefing reporters following the cabinet body meeting.
The Chinese-Bangladeshi consortium was the lone bidder to participate in the tender process invited for the project, said a BPDB official.
According to the Sustainable and Renewable Energy Development Authority (Sreda), only three small wind energy plants, having a total capacity of 2.9MW, have been installed by the BPDB so far against its target of setting up wind power projects having total capacity of 1,152MW by 2020.