Qatar s Nebras buys stake in Bangladesh CCGT
Apr 19, 2021 12:30:pm
Summary The project will be one of the largest independent power producers in Bangladesh upon completion in late 2022, Nebras said.
by: Shardul Sharma
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Qatar s Nebras buys stake in Bangladesh CCGT
Qatar s Nebras Power has acquired a 24% equity stake in Unique Meghnaghat Power (UMPL) in Bangladesh, it said on April 19.
Nebras Power Investment Management, a unit of Nebras Power, signed a sale and purchase agreement with Unique Hotel and Resorts (UHRL), a sister company of Unique Group, and Strategic Finance (SFL) to acquire the stake. This is Nebras’ first acquisition in Bangladesh.
Local power solution providers up their game thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
The project involves constructing two substations, one of 132/33 KV (kilovolt) and another 33/11 KV.
Substations are bulk delivery points that receive electric energy generated at a central power station for distribution to consumers.
The project started in 2013, estimating the cost to be Tk 1,850 crore and the completion deadline of 2017.
Now, five revisions past, it is set to cost Tk 2,479 crore and be completed coming June.
The latest revision got the nod of the Executive Committee of the National Economic Council (Ecnec) yesterday.
The in-house feasibility study was carried out by the project implementing agency, the DPDC, said the planning ministry in the revision proposal.
Most fuel and power stocks registered lower profitability in the first half of the current financial year (FY) due to the pandemic-induced economic slowdown. Firms expect that it will take at least six more months for fuel and power consumption to fully recover from the Covid-19 fallout, enabling them to post higher earnings for their investors. Among the eight fuel and power
India-Bangladesh co-op in power sector discussed
Sun Online Desk
23rd January, 2021 09:54:36
Bangladesh and India discussed cooperation in power sector at a meeting held in Hotel Intercontinental in capital Dhaka on Saturday.
The 19th meeting of Joint Steering Committee (JSC) on India Bangladesh cooperation in power sector held in Hotel Intercontinental
Bangladesh side led by Power Division Secretary Md Habibur Rahman and Indian side by Power Secretary Sanjiv Nandan Sahai during the Joint Working Group (JWG) meeting on power sector corporation.
It was preceded by Joint Working Group (JWG) meeting on power sector corporation held at the same venue two days back.