DESCO set to build 100mw power plant

http://www.thefinancialexpress-bd.com/more.php?news_id=99225&date=2010-05-04

DESCO set to build 100mw power plant
FE Report

State-owned Dhaka Electric Supply Company Ltd (DESCO) is set to build a 100-megawatt (mw) furnace oil-run power plant at Ashulia to ease the mounting electricity crisis across the country.

“We have already sent details of the proposed 100 mw power plant to the power ministry to install the plant as early as possible,” DESCO managing director Saleh Ahmed told the FE Monday.

The plant would be set up near the capital on government land to cater to the growing electricity needs, he said.

The power ministry last month asked DESCO to expedite the process to set up the much-needed power plant, DESCO official added.

If approved, the DESCO would be the country’s second state-owned power entity getting involved in electricity distribution and generation after the Bangladesh Power Development Board (BPDB).

“We would be able to set up the plant within months after getting go ahead from the government high-ups,” Saleh Ahmed said.

He said DESCO would arrange funding of its own to build the plant.

Currently DESCO is distributing electricity to the clients of Gulshan, Baridhara, Uttara, Baridhara, Mirpur, Kalyanpur, Tongi and Cantonment areas.

The company is also manufacturing pre-paid meters in its factory for the clients to ensure getting payments for electricity in advance and avoid pilferage.

DESCO is the country’s lone state-owned power entity being operational with hefty profits, while others are incurring huge losses every year.

It attained net profit worth Tk 1.60 billion in the previous fiscal year 2009-10.

The DESCO was formed in 1996 for electricity distribution in and around the capital.

It started its formal operation in September 1998 by acquiring the power distribution line along with 100 percent asset of Mirpur area from now defunct Dhaka Electric Supply Authority (DESA).

Later it increased its jurisdiction areas years after years.

Advertisements

Comments are closed.