Sembcorp wins bid to supply 250 MW power to Bangladesh

Sembcorp Energy India Ltd (SEIL) today said it has won a bid to supply 250 MW electricity to Bangladesh for 15 years.

Sembcorp Gayatri Power, a subsidiary of SEIL, bid the lowest among half a dozen power utilities which submitted offers to Bangladesh Power Development Board (BPDB) for the supply.

"SGPL has received letters of intent from BPDB confirming its success in both the short term and long term bids, and supply of power is expected to commence soon upon completion of procedural requirements and relevant government approvals," the company said in a statement.

It, however, did not reveal the price at which it will supply power to Bangladesh.

BPDB had in February invited bids for buying 250 MW power from Indian firms for short duration (August 1, 2018, to December 31, 2019) and long-term (January 1, 2020, and July 31, 2033).

Other bidders included Adani Power Mundra Ltd, Hindustan Power, Jaiprakash Power Ventures Ltd, Meenakshi Energy Pvt Ltd and Odisha Power Generation Corp Ltd.

SEIL MD Vipul Tuli said, "We are pleased to have emerged the successful bidder, and look forward to commencing supply of power at a tariff that is attractive for Bangladesh and sustainable for SEIL, in keeping with growing Indo-Bangladesh economic ties. This bid fits into SEIL's strategy of providing cost-competitive and reliable power, while prudently contracting our balance open capacity at viable tariffs."