Govt signs deal to buy solar power from Intraco

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Govt signs deal to buy solar power from Intraco

August 30, 2017 Anand Gupta

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The government will buy power at Tk 12.8 ($0.16) a unit for 20 years after the plant goes into operation. On Sunday, the Power Development Board or PDB signed two agreements with Intraco Solar Power to implement the project and purchase electricity. Intraco Group Managing Director Riyad Ali, PDB Secretary Mina Masud Uzzaman and Power Division Join Secretary Sheikh Faezul Amin signed the deals. State Minister for Power Nasrul Hamid, Power Division Secretary Ahmad Kaikaus and PDB Chairman Khaled Mahmood attended the signing ceremony in Dhaka. The power plant at Gangachhara, 17km from the Rangpur town, will go into operation in 13 months, said officials. Land acquisition and appointment of consultants have been completed while the process to appoint a contractor is on. Several lease financing companies, including the state-owned Infrastructure Development Company Ltd or IDCOL are financing the project.