Dhaka, May 24 -- Foreign owners of the EPV Thakurgaon 115-megawatt power plant rue recurrent payment delays that cause severe financial and operational difficulties to the company.

The independent power producer -- one of numerous ones hired by the past government -- has alleged the payment backlog in a letter as Bangladesh Power Development Board (BPDB) repeatedly failed bill payment in agreed time.

As mentioned, the board has "routinely failed" to make payment in accordance with the 30-day term of payment stipulated in the Power Purchase Agreement, with delays extending up to 165 days.

However, the amount of payment arrears is not mentioned-neither could it be known yet.

"These delays are having a significant impact on EPVTL and thr...