Govt okays import of 40mw power from Nepal
The government, following India's move, is going to import electricity from Nepal.
The cabinet committee on economic affairs at a meeting, presided over by Finance Minister AHM Mustafa Kamal, yesterday approved the import of 40 megawatts of electricity from Nepal using India's power grid.
The Bangladesh Power Development Board will buy the electricity through direct purchase method.
The development comes months after Kathmandu and Dhaka agreed to sign a 25-year agreement for electricity import from the Himalayan nation. The two sides, however, are yet to negotiate the tariff.
Nepal and Bangladesh inked a memorandum of understanding on cooperation in the power sector in 2018.
Nepal and India have agreed to cooperate in the power sector at the sub-regional level of the "Bangladesh, Bhutan, India and Nepal" initiative, according to the Kathmandu Post.
Bangladesh is turning to external sources to diversify electricity supply and increase the share of renewables in its energy mix.
The country is eager to buy 500MW of electricity from Nepal, which has the potential to produce more than 72,000MWs from hydropower.
Yesterday, the cabinet committee on purchase also approved the draft of "Terminal Use Agreement and Implementation", initiated between the state-owned Petrobangla and Summit Oil and Shipping Co Ltd.
Under the agreement, Petrobangla will pay $300,000 a day to Summit Oil as regasification charge for using Summit's floating terminal that has a capacity of 600 million cubic feet per day in Moheshkhali.
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