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New Rule to Check Power Plant Contract PDF Print E-mail
Friday, 07 January 2011

A guideline will be formulated soon to prevent any single company from getting frequent contracts for setting up power plants, says the finance minister.

A M A Muhith on Thursday said this after a meeting of the cabinet committee on public purchase, when a local firm, Summit Power, got two work orders.

"Summit Power earlier got four work orders, [Thursday] they got two more. It seems an excess concentration in one company."

"We'll prepare a guideline to stop such incident," Muhith said.

On Thursday the committee approved two furnace oil-run power projects -- a 100MW plant in Syedpur (Summit Power) and another 50MW at Shantahar (Consortium of Summit Industrial and Mercantile Industries Ltd).

Cabinet division joint secretary Nurul Karim after the meeting told reporters that cost to procure each kilowatt-per-hour electricity will be Tk 6.99 from the plant in Syedpur and Tk 7.06 for the other.

The committee also approved purchase of 300,000 tonnes rice—250,000 of which will be imported from Vietnam and the rest will be imported by a private firm, Amina Foods.

Thursday's meeting also okayed import of 1.4 million tonnes crude oil. Of the amount, 700,000 tonnes will be imported from Abu Dhabi and the rest from Saudi Arab.

In addition, the committee also approved fund for the appointment of contractor for upgrading Dhaka-Mymensingh highway (from Joydevpur to Mymensingh) to four lanes.


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