Update March 14, 2016

Dhaka 2-44 am, 24-January, 2021

Malaysian co to build 1320mw power plant at Maheshkhali

Sumel Sarker

power plant

3.0b Indian rupees in credit pipeline, says Muhith

14 March 2016, Nirapad News: The government gave Sunday the go-ahead to a Malaysian company for setting up a coal-fired power plant with the generation capacity of 1320 megawatts on Maheshkhali island.

“They will now sign for contract with government on fifty-fifty basis,” Finance Minister AMA Muhith told journalists at his secretariat office after a meeting with a Malaysian group of entrepreneurs.

“Not only Malaysia, another group from China is also negotiating for setting up another power plant also at Maheshkhali,” he said, adding that the island in the Bay of Bengal is becoming a power hub.

The Chinese group, the minister said, also got a conditional green signal, but negotiation is going on.

Investors from both Japan and China are eyeing power plants with 3000MW capacity at Maheshkhali with plans to utilise the potential of the Bay island, he said and also pointed out Japan’s involvement with the port development.

Earlier, the minister had a meeting with the newly appointed Indian High Commissioner in Bangladesh, Harsh Vardhan Shringla, discussing present state of relations and bilateral issues as the country at present enjoys good relations. Also, the country has large bilateral economic and development programs with the neighbour.

With the signing of a new agreement on about US$ 2.0 billion LoC (line of credit) very recently, the total amount of credits in the pipeline amounted to three billion Indian rupees.

“At present we have 3.0 billion Indian rupees in the pipeline,” said the minister, adding that about 50 per cent of the first LoC credits worth about US$1.0 billion have already been spent.

“The new credit agreement is a little bit different and projects under the credit have already been briefed,” he said, adding that the previous credit line was a flat one where projects were selected later on.

Mr Muhith hoped that the projects under the new credit line would be implemented fast.

Although it was a courtesy call, they discussed cross-border communications and passage as well as power-supply situation between the two countries.

Both sides stressed the need for improvement of the 60-kilometres (km) road from Bhutan to India used mainly for carrying stones.

The government, Muhith said, will import 100 megawatts (MW) of electricity from Palatana power plant in India’s Tripura state in addition to the present cross-border flow of electricity.

“We talked that we may import another 100 MWs from Palatana in addition to this,” he added.

The much-talked-about Rampal power plant also came up for discussion, and Muhith said the project was progressing fast and ready for tendering process.

But it will take about three years to produce power, he added.

“In case of power projects, in future, it will be an integrated grid and transmission,” said the finance minister.

“We will bring power from India, import it from Nepal and Bhutan through India,” he told the press.

But, he said, the situation might be changed when there will be coal-based power in the country. “The first coal-based power may come in 2018-19.”

The minister also held a meeting with Expatriates’ Welfare and Overseas Employment Secretary Begum Shamsun Nahar and discussed how to increase skilled manpower export.

The secretary sought help from the ministry in introducing an international-standard nursing graduation certification programme to train medical manpower for overseas jobs.

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