Dhaka, July 25 -- The interim government has initiated steps to amend power-purchase agreements (PPAs) and lower tariff rates for nine power plants that have been selling electricity to the Bangladesh Power Development Board (BPDB) without securing official approval for their tariffs, according to sources.

Before revising the PPAs, it will negotiate the tariff rates with the power plants, owned by the state-run entities fully or partially, and get it approved by the advisory council for government purchase.

"We are now in talks with the power plant managements to set lower tariff rates," a senior BPDB official told The Financial Express Thursday. New and lower tariffs could be mutually agreed upon soon, he added.

These power plants, wi...