Rental Power Status in Bd

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Rental power is typically costlier than conventional power because production of it involves short term deals. A rental power company must have power generation equipment ready in its stock. But none of the dozen plus local companies awarded with rental power contracts have any stock of plant equipment or experience in rental power projects. The PDB signed the contracts with the two sponsors on February 4 this year asking them to install and commission their respective plants within 120 days (4 months). Both have failed. The had PDB moved for setting up the costly eight rental power plants with a total capacity of 530 MW, setting March 30 as deadline to begin their operation. The target was set keeping in view the irrigation of…show more content…
This means Quantum Power would continue to pay the PDB huge amounts in penalty as it has set September 30 as its deadline, nearly four months behind its agreed schedule. The company attributed the delay to “law and order situation” at the project site. The penalty money were deducted from the performance security deposit (PSD) submitted by both the companies while signing their contacts with the PDB. Each time the PDB deducts the money, the defaulting companies are supposed to replenish the sum. But Quantum Power has not done so. Staff Correspondent - September 20th, 2010 http://www.thekushtiatimes.com/20/09/2010/delay-in-rental-project-in-kushtia/ ------------------------------------------------- ------------------------------------------------- Additional Secretary of Energy Ministry Tapash Kumar Roy visited the two under construction 145 mw Quick Rental Power Plant at Taltala under Nawapara of Jessore district Friday. Sources said that the present government called tender to supply electricity to the national grid to cope with the continuous electric crisis of the country. According to tender Quantum of Otobi started construction of 105 mw power plant at a cost of Tk 6 billion on 4 acres of land in July 5, 2010 at Taltal of Nawapara. But public suffering has hardly lessened as the project remained incomplete. The officials of the company, however, expect they will be able to supply electricity to the national grid by next June. A power
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