<div style="text-align: justify; "><span style="font-size: 1rem;"><b>Haripur 360 MW combined cycle power plant (CCPP), which generates electricity at lowest cost, is unlikely to get extension after completion of its 22-year initial contract period.</b></span><br></div><div style="text-align: justify; "><br></div><div style="text-align: justify;">According to official sources, the power plant, established by leading US company AES Corporation in 2001, completed its successful operational period in November 2023. Since then, the government has not taken electricity from the plant.&nbsp; &nbsp;</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">The AES Corporation developed two large base-load power plants—Haripur 360 MW CCPP in 2001 and Meghbaghat 450 MW CCPP in 2002—with the highest efficiency, but lowest cost.&nbsp;&nbsp;</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">As per the power purchase agreement (PPA), state-owned Bangladesh Power Development Board (BPDB) had been purchasing electricity from the two first generation independent power producer (IPP) plants, reports UNB</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">BPDB officials said that initially, Haripur's power tariff was Tk.1.56 per unit, which is the lowest not only in Bangladesh, but also in the world.</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">According to a World Bank document publicly disclosed on June 24, 2014 which compared the power generation cost of different IPPS, shows that when the Khulna Power Company Limited was selling electricity to the BPDB at Tk 16.03 per unit in 1998, NEPC at Tk 20.20 per unit in 1999, Haripur was selling it at Tk 1.56 per unit and Meghbaghat was selling power at Tk 2.33 per unit.&nbsp;</div><div style="text-align: justify; "><br></div><div style="text-align: justify; ">bnbd/fas</div>