The Cabinet Committee on Public Purchase today approved the proposal of a Chinese-Bangladeshi consortium to set up a 55 MW wind power plant on build-own-operate basis at Mongla in Bagerhat.

As per the proposal, the Consortium of Envision Energy, (Jiangsu) Co Ltd, China, SQ Trading and Engineering, Bangladesh and Envision Renewable Energy Limited, Hong Kong will set up the plant under a 20- year contract with Bangladesh Power Development Board (BPDB).

State-owned BPDB will purchase electricity from the plant at a tariff of US $ 13.20 cents, equivalent to Tk 10.56 per kilowatt hour (each unit) over the period of 20 years.

The government will pay a total of Tk 2035.12 crore for the entire contract period against its purchase of electricity  from the maiden private wind power project, said Saleh Ahmed, additional secretary of the Cabinet Division, while briefing reporters on the cabinet body meeting.

The Chinese-Bangladeshi consortium was the lone bidder to participate in the tender process invited for the project, said a BPDB official.