In compliance with the power generation program of the government to meet the country’s deliberately increasing electricity demand, the BPDB-RPCL Powergen Ltd., on the way to its mission undertook implemented Kodda 150 MW Dual Fuel (HFO/Gas) Power Plant Project under buyer’s credit through signing the EPC contract on 03.01.2013 with M/S CEF JV, China. Contract amount of the project was USD 101,976,848.36+EURO 50,702,400.00 + BDT 139,746,822.12.
The power plant was put into commercial operation on 16 August, 2015. Since then the plant has been dispatching power to the National Grid as per NLDC’s demand. The dependable capacity of the plant as per dependable capacity test is 149.356 MW. The Company is now earning revenue and margin as well.
As per audited accounts, the net margin of the Company during Financial Year 2015-2016 is about Taka 12.192 billion. As per Statement of Profit or Loss, the net margin of the 1st quarter of the current Financial Year 2016-2017 is about Taka 4.105 billion.
Provisional Acceptance Certificate (PAC) was issued in favor of the EPC contractor with effect from 16.08.2015, as recommended by the PAC Committee and approved by the Board. The plant is now operating second year of 2 (two) years’ warranty period. Final Acceptance Certificate (FAC) will be issued after expiry of the warranty period on 16 August, 2017 in compliance with the contract.
Our upcoming projects are Mirsarai 150 MW Dual Fuel Power Plant, Sreepur 150 MW HFO based Power Plant and Madarganj 100 MW solar power plant.