You are here: Home >> Business & Finance >> Energy >>  Khulna Power Company Ltd. (KPCL)

Khulna Power Company Ltd. (KPCL)

Khulna Power Company Ltd. (KPCL) is the first Independent Power Producer (IPP) of the country established in 1997 under the Private Sector Power Generation Policy. It owns and operates a 110 MW barge mounted power plant that commenced its operation in October 1998. Its paid up capital is BDT 2085.93 million (US$ 44.10 million). When established, KPCL shareholders were Coastal Power Company (later Coastal was merged with El Paso Corporation, USA) through its direct wholly-owned subsidiary El Paso Khulna Power ApS, Summit Industrial & Mercantile Corporation (Pvt.) Ltd. (Bangladesh), United Enterprises & Co Ltd. (Bangladesh) and Wartsila Development and Financial Services (Asia) Ltd.

Now only local shareholders hold 100% ownership of the company. Khulna Power Company Ltd. (KPCL) project was initially financed by the IFC and the sponsors equity with a debt-to-equity ratio of 54:46. The total initial project cost was USD 96.07 million. KPCL owns and operates a barge mounted power plants in Khulna and supply electricity to the national grid of Bangladesh. The plant came into operation in October 1998. Nine generator sets are mounted on one barge and ten on the other. Each barge is approximately 91 meters long and 24 meters wide.

Khulna Power Company Ltd. (KPCL)
AddressBarge Mounted Power Plant, Goalpara, Khalishpur, Khulna.
Phone+88041) 763556-8
Fax+88041) 760227
Category Business & Finance >> Energy
Related Tags

, ,

Last Updated:
Total Views: 2458 Times

Leave a Reply

Your email address will not be published. Required fields are marked *

More Energy Related Listings

  • Kurigram Lalmonirhat Palli Bidyut Samity - Since its inception in 1996, Kurigram Lalmonirhat Palli Bidyut Samity is playing a vital role in Agricultural, Industrial and Socio-Economic Development of Kurigram District.
  • Bashundhara LP Gas Ltd - Bashundhara LP Gas Limited is one of the subsidiaries of Bashundhara Group and the first private LP Gas bottling and marketing company in Bangladesh. The plant situated in Mon
  • Power Grid Company of Bangladesh Ltd. - Power Grid Company of Bangladesh Ltd. (PGCB) was formed under the restructuring process of Power Sector in Bangladesh with the objective of bringing about commercial environme
  • Energy System Company (Ensysco) - Energy System Company are pleased to introduce ourselves as an eminent Manufacturer, supplier and importer of world class Electrical & Electronic products. Our Engineers
  • Chittagong Palli Bidyut Samity-3 - Since its inception in 2005, Chittagong Palli Bidyut Samity-3 is playing a vital role in Agricultural, Industrial and Socio-Economic Development of Chittagong District. The Ru
  • Grameen Shakti - Grameen Shakti is one of the largest and fastest growing rural based renewable energy companies in the world. In addition, Bangladesh is a country with one of the most success
  • Energypac Power Generation Ltd. - Energypac Power Generation Ltd. was founded in the year 1995 and today it has established itself as a major supplier of standby and base load generators, low voltage electrica
  • Navana CNG Limited - Navana CNG Limited, a sister concern of NAVAVA GROUP, is the leading CNG service provider in Bangladesh. Its years of experience are the standard setter of CNG industry. It is
  • 5R3M Company Ltd - 5R3M Company Ltd., a sister concern of Taiga Green LLC, USA, provides customized engineering energy solution for customers in Bangladesh since 2009. Its products include renew
  • Ashuganj Power Station Company Bangladesh - Ashuganj Power Station is the second largest power station in Bangladesh. The present total power (electricity) generation capacity of its 7 units is 671 MW. As a part of the
  • Bangladesh Rural Electrification Board (BREB) - The Bangladesh Rural Electrification (RE) Program was founded with a Presidential Ordinance in October 1977 that established the Rural Electrification Board (REB) as the semi-