First PDB-REB venture on the cards
Monday, 05 July 2010

Bangladesh Power Development Board (BPDB) and Rural Power Company Limited (RPCL) are set to build a power plant together.

This is the first time that the two government agencies will join hands in setting up a plant. Previous plants were set up either by the BPDB or the Rural Electrification Board (REB).

RPCL is an autonomous body operating under the REB.

The two government agencies signed a Memorandum of Understanding on Sunday to set up a 150-225MW furnace fuel and natural gas operated power plant at Kodda in Gazipur at a cost of Tk 14 billion.

BPDB secretary Mohammed Azizul Islam and RPCL managing director Abdus Sabur signed the agreement at the BPDB conference hall at Motijheel.

BPDB chairman ASM Alamgir Kabir, Rural Electrification Board chairman Bhuiyan Shafiqul Islam and a number of senior officials were present at the signing ceremony.

Prior to signing the deal, Kabir said, "This is the first time two government agencies are going to set up a power plant in the country."

He also said a joint venture company would be formed in a month and tenders for the plant would be floated soon.

Construction of the plant would be completed by 2012, the BPDB chairman added.


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