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NTPC bags order from Bangladesh to supply 300 MW electricity

NTPC has won an order to supply 300 MW of electricity to Bangladesh for 15 years.

Bangladesh Power Development Board (BPDB) had called for tenders, for supply of 500 MW power from India for short term (June 1,2018 to December 31,2019) and long term (January 1,2020 to May 31, 2033).

NTPC Vidyut Vyapar Nigam (NVVN), Adani Group, PTC and Singapore bases Sembcorp, submitted bids by the scheduled date of January 11. Financial bid was opened on February 11.

The company stated, “NVVN, wholly owned subsidiary of NTPC Limited, emerged as successful bidder (L1), both in short term and long term for 300 MW power.” Further, supply of electricity is likely to start from June 2018, after commissioning of 500 MW HVDC inter-connection project between India and Bangladesh.

Read EquityPandit’s Technical Analysis of Nifty Energy Outlook for the Week

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