Rampal Power Plant Project Map:
The activists pointed out that the contract for the power plant is non-transparent and unequal many alleged that Indian government will be more beneficial than the Bangladesh.
This is also one line of protest among the Bangladeshi people that Bangladeshi Government is sacrificing its people’s interest Also, different studies have observed that the project would severely affect the natural habitat of Sundarbans. Many scholarly studies found the proposed coal-fired power plant as the destroyer of the largest forest in Bangladesh.
Rampal Power Plant Agreements:
In August 2010, a Memorandum of Understanding was signed between Bangladesh Power Development Board (BPDB) and India's state-owned National Thermal Power Corporation (NTPC) where they designated to implement the project by 2016. On January 29, 2012, the Bangladesh Power Development Board signed an agreement with NTPC to build the plant. The joint venture company is known as Bangladesh-India Friendship Power Company (BIFPC). The BPDB and the NTPC agreed to implement the project on a 50:50 equity basis.
The NTPC will set up and operate the plant.Bangladesh and India will equally share up to 30 per cent of the capital of this project as equity. The remainder of the capital, which might be equivalent to USD 1.5 billion, will be taken as bank loans with help from the NTPC. According to the sources in the Bangladesh Power Division, the joint venture company will enjoy a 15-year tax holiday.
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