ELECTRICITY MAINTENANCE AND DEVELOPMENT FUND BERC For Hearing On Giving Money To Pvt Companies EB DeskThe Bangladesh Energy Regulatory Commission is now considering holding a public hearing on its primary decision to provide money from Electricity Maintenance and Development Fund of the Power Development Board to private companies. In March 2017, the commission, without a public hearing, gave its nod to allocate Tk 1,184 crore to North-West Power Generation Company from the fund. North-West Power Generation Company, a state-run company that sells electricity to the power board with 16 per cent profit, would pay the money in equity to its 50-50 venture with a Chinese firm. The joint venture, Bangladesh-China Power Company Limited, was created under a government policy to facilitate private entrepreneurs to sell bulk electricity from its power plants to the power board, said officials. At the workshop, the power board officials requested the commission that it should allocate money from the fund to any other company only after meeting the demand of the power board.

Source: Energy Bangla May 04, 2017 19:30 UTC