Fox Mandal leads on NTPC and Bangladesh Power Development Board Agreement to supply power

NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of NTPC, the country’s largest electricity producer and the Bangladesh Power Development Board (BPDB) have signed a Power Purchase Agreement (PPA)..As per the agreement, 250 MW of power will be exported to Bangladesh out of the unallocated quota of power available with the Ministry of Power, Government of India..This agreement is pursuant to the Government of India and the Government of Bangladesh signing a memorandum-of-understanding (MoU) way back in January, 2010 to enhance cooperation between the two countries in the power sector..Earlier in January this year, pursuant to the said MoU, NTPC also signed a Joint Venture Agreement (JVA) with BPDB with the objective of setting up and implementing 1320 MW coal based power plant(s) in Bangladesh, which would require a total investment of $1.5 billion..This project will be developed through a 50:50 Joint Venture Company between NTPC and BPDB on Build, Own and Operate basis..Fox Mandal advised NTPC on both the above transactions with a team led by Delhi Partner and Corporate Head Sudish Sharma and Senior Associate Anindya Ghosh along with Fox Mandal Bangladesh Partner Al Amin Rahman..BPDB was advised by its in-house team.