2018-10-08 14:24:19 BdST
PGCB moves to transmit power from Payra, Rampal to Dhaka
State-owned Power Grid Company of Bangladesh (PGCB) has moved to upgrade its existing Aminbazar 230/132 kV grid-substation into 400/230 kV to facilitate electricity transmission to Dhaka city from Payra and Rampal power plants.
According to official sources, both the 1320 MW coal-fired Payra power plant and 1320 MW Rampal power plant are now being constructed with a target to start operation in 2020.
As part of the move, the PGCB recently signed an agreement with South Korean company Hyosung Corporation awarding it a contract to upgrade the existing substation at Aminbazar in the city.
As per the contract, the Hyosung will do the job on a turnkey basis in next two years at a cost of Tk 164 crore.
The project is being financed jointly by Bangladesh government and Asian Development Bank (ADB).
PGCB is also spending funds for the project alongside the government and donor agency, said the PGCB officials.
State-owned PDB is implementing the Rampal plant under a joint venture with Indian National Thermal Power Corporation (NTPC) at a cost of $2 billion while Payra is being implemented by a joint venture of state-owned North-West Power Generation Company and China National Machinery Import and Export Corporation (CMC) of $2 billion.
PGCB managing director Masum-Al-Beruni informed that the upgradation works of the Aminbazar grid substation will improve its capacity to a substantial level.
Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.