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Wednesday, September 28, 2022
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Tripura: TSECL extends power trading deal with Bangladesh till 2026

Deputy Chief Minister holding the power portfolio Jishnu Dev Varma said that Tripura is one of the few power surplus states in the country and as per the Memorandum of Understanding (MoU) signed between the two countries in January 2010, Tripura State Electricity Corporation Ltd (TSECL) had been supplying 160 MW power daily to Bangladesh till March this year.

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Agartala: The Ministry of Power has renewed the power sell agreement with its Bangladesh counterparts last week in Dhaka to supply a maximum of up to 192 MW power from Tripura for another five years, it was reported on Sunday.

Deputy Chief Minister holding the power portfolio Jishnu Dev Varma said that Tripura is one of the few power surplus states in the country and as per the Memorandum of Understanding (MoU) signed between the two countries in January 2010, Tripura State Electricity Corporation Ltd (TSECL) had been supplying 160 MW power daily to Bangladesh till March this year.

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However, the power supply to Bangladesh was stopped since April this year because the meeting of both the countries has not happened due to the COVID pandemic and restrictions on international travel, Dev Varma said adding that officials of the People’s Republic of Bangladesh signed a tripartite supplementary agreement in Dhaka on December 2 last to continue the power trading at a mutually agreed price and procedure.

The initial agreement was signed among NTPC Vidyut Vyapar Nigam Ltd (NVVN) on behalf of the Ministry of Power, Bangladesh Power Development Board (BPDB) and TSECL as suppliers for a quantum of 100 MW of power in March 2016 which was subsequently extended to 160 MW.

In the 19th Joint Working Group and Joint Steering Committee meetings on Indo-Bangladesh Co-operation in the power sector between Bangladesh and India held on January 23 this year at Dhaka, it was decided that the contract would be extended in mutually agreed tariff plan, terms and conditions, tenure and quantum of power. But it took almost nine months to finalise the deal due to the COVID pandemic, Dev Varma said.

He pointed out that as per the modified terms of the agreement, the tariff of supplying power for the first contract year would be Rs 6.27 per kilowatt with a fixed year on year escalation of two per cent per year. After four meetings among the stakeholders – MD TSECL Dr M S Kele, CEO NVVN Praveen Saxena and Director, BPDB Saiful Islam Azad signed the renewal agreement.

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