Price of Commercially Produced Power by December
Tuesday, 26 October 2010

DHAKA: The government is going to introduce for the first time an indicative price of the commercially produced electricity from captive power plants by December to encourage the private entrepreneurs to invest in the power-hungry sector.

Chairman of Bangladesh Energy Regulatory Commission (BERC) Syed Yusuf Hossain Monday disclosed the move after a meeting held in the conference room of BERC in the city.  The meeting discussed the draft proposal on fixing the rates of the electricity from the commercially set-up captive power plants.

“There has been such indicative power price structure in various countries across the world for easing the selling and buying of the produced electricity under an arrangement,” said Syed Yusuf Hossain while talking to reporters.

He hoped that BERC would be able to fix such an indicative price for the commercially produced electricity by the captive power plants by December, which will be accepted by all the stakeholders.

“BERC will supply electricity to the consumers after finalizing the indicative prices to sell and purchase electricity from the captive power plant,’’ said the BERC chairman.

A proposal will be sent to the Ministry of Power and Mineral Resources to get the final nod before fixing the price for the captive electricity. 

Attending the meeting a representative from the Consumers Association of Bangladesh (CAB) termed the proposed rate of electricity ‘illogical’.

The meeting was also attended, among others, by BERF member Md. Emdadul Haque and Dr. Selim Mahmood, energy expert Dr Nurul Islam and CAB representative professor M Shamsul Alam.

Source: banglanews24.com.bd

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