National Thermal Power Corporation Ltd (NTPC) will start supplying around 250 MW of power from the next month to the neighboring country of Bangladesh.
The transaction will be managed by NTPC Vidyut Vyapar Nigam Ltd (NVVN), which is the nodal agency for supply of power to Bangladesh.
A Power Purchase Agreement (PPA) has been singed for this purpose between NVVN and Bangladesh Power Development Board (BPDB) on February 28, 2012.
According to the terms of the agreement, a Sovereign Guarantee has been handed over by the Bangladesh Power Minister to NVVN as an instrument of Payment Securing against supply of 250 MW power for 25 years.
The power will be transmitted to Bangladesh using the High Voltage Direct Current (HVDC) link between the Eastern India and Western grid of Bangladesh which is having cross border transfer capacity of 500 MW.
The transmission system on the Indian side will be executed by the Power Grid Corporation of India, which would also provide consultancy to Bangladesh, up to the commissioning for the project.
BPDB is also considering to purchase an additional 250 MW from the India.
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