Govt waives stamp duty for Payra power plant

Dhaka,  Wed,  20 September 2017
Published : 07 Aug 2017, 18:10:09

Govt waives stamp duty for Payra power plant

The government has waived stamp duty for the under construction of 1320 megawatts thermal (MWt) power plant at Payra in Patuakhali.

Stamp duty amounting to Tk 5.71 billion on the registration of all documents signed between Bangladesh-China Power Company Limited (BCPCL) and land owners to implement the project has been waived, said the Internal Resources Division (IRD) in a circular recently, reports BSS.

The government has taken the decision exercising powers conferred upon it by section nine of the stamp law 1899.

The coal-fired power plant will be built in Payra on 397 hectares of land at a cost of Tk 122.84 billion.

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