Companies

NTPC arm to supply 250-MW power to Bangladesh

Shankar Subramaniam Mumbai | Updated on March 13, 2018 Published on August 07, 2013

NTPC Vidyut Vyapar Nigam (NVVN) today said that the supply of 250-MW power to Bangladesh is expected to begin from September.

NVVN is a 100 per cent subsidiary of NTPC and is into power trading.

A release from NTPC said that Md. Anwar Hossain, Joint Secretary (Development), Power Ministry, Bangladesh, handed over the sovereign guarantee to Nand Kishore Sharma, Chief Executive Officer of NVVN.

The guarantee is payment security against power supply for 25 years from NTPC under the PPA (power purchase agreement) inked between NVVN and the Bangladesh Power Development Board on February 28, 2012.

>shanker.s@thehindu.co.in

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Published on August 07, 2013
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