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Agreement signed for two more rental power plants
28 June 2010: Power Development Board (PDB) on 23 June 2010 signed contracts with the Summit Group and United Group to buy electricity from fast-track rental power plants.
As per contract, Summit Group will set up a 102 MW furnace oil-based plant at Madanganj of Narayanganj through its subsidiary Summit Narayanganj Power.
The United Group will set up a 115 MW furnace oil-based plant at Goalpara of Khulna through its subsidiary Khulna Power Company Unit-II. However, in the Goalpara plant, Summit Group also has a 50 percent stake.
PDB, which awarded the contracts without any tender, will purchase electricity from the Goalpara plant at a rate of Tk 7.783 per unit (per kilowatt hour), and from the Madanganj plant at a rate of Tk 7.785 per unit. The contract period will run for 5 years with 80 percent plant factor for both the plants.
The sponsors will set up their respective plants within the next 270 days (9 months) from the signing date of the contracts.
Source: Bangladeshinfo