The Power Division yesterday signed a contract with the independent power project (IPP) company, Summit Power Ltd (SPL), to generate additional 25 megawatt (MW) power for the national grid.
A Power Division joint secretary and SPL Managing Director Muhammed Aziz Khan signed the agreement in Dhaka on behalf of their sides.
Power Division Secretary ANH Akhter Hossain and Rural Electrification Board (REB) Chairman AKM Helaluzzaman, among others, were present at the signing ceremony.
Following the agreement, the SPL's total contribution to the national grid will be 102 MW.
The new plant of the company at Ashulia, Savar is a sequel to another 25 MW expansion at Madhabdi, Narsingdi and 13 MW at Chandina, Comilla.
The SPL is the first 100 percent state-owned power company, which has been generating electricity for the last five years with a target of bringing its production capacity to 1000 MW by 2010.
