Bangladesh customs has extended tax benefits to the Rampal coal-fired power plant through a new Statutory Regulatory Order (SRO) dated March 18, 2024. The SRO allows the plant to enjoy tax breaks on spare parts imports, similar to other power plants. The benefit spans up to 12 years or the contract duration, whichever is shorter, from the plant’s commercial production commencement. The power plant can import spare parts valued up to 10 percent of the principal value of imported plant or equipment chalan. Located in Rampal Upazila of Bagerhat District, Khulna, the 1,320 megawatt power plant stands to benefit from this move.
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