Another gas-fired rental power plant gets extension

News Desk :
The government has decided to extend the tenure of another gas-fired rental power plant by 4 more years.
The Cabinet Committee on Public Purchase (CCPP) in a meeting on Wednesday approved a proposal of state-owned Bangladesh Power Development Board (BPDB) in this regard.
Nine other proposals from entities under different ministries received the approval, reports UNB.
Four similar rental power plants’ contracts were extended by the same committee for different tenures last week.
Purchase of electricity from grid-tied solar power plants to be set up by private firms, procurement of SPC poles for electricity expansion project, and purchase of fertiliser were among the proposals received approval in the CCPP’s latest meeting .
Finance Minister AHM Mustafa Kamal presided over the virtual meeting while members of the committee attended it.
As per the latest proposal placed by the Power Division, the BPDB’s Power Purchase Agreement (PPA) with private firm Venture Energy Resources Ltd. will extend for another 4 years to get electricity from the existing 40 MW gas-fired rental power plant in Bhola.