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Success Milestones

Major Events


Signing of PPA & IA with BPDB & MPEMR

31 July 2011

Gen Set Purchase Contract with Rolls Royce Marine AS, UK

19 October 2011

Substation Equipment Purchase Contract with Siemens Bangladesh Ltd.

24 January 2012

Exhaust Gas Secondary Power Plant Purchase Contract with Greens Power Ltd., UK

24 February 2012

Signing of Syndicated Term Loan facility of BDT 2,205 million

20 March 2013

Flue Gas Desulfurization (FGD) Equipment Purchase Contract

01 November 2013

Signing of Term Loan facility of USD 21.975 million funded by World Bank

21 January 2014

Capital raised through existing and other than existing shareholders

30 April 2014

Started Commercial Operation

04 May 2014

Successful Commissioning of Flue Gas Desulfurization

31 August 2014

Successful Commissioning of Steam Turbine Generation (STG)

10 April 2015

Received LOI from BPDP for implementing 110 MW IPP Power Plant under Karnaphuli Power Limited

8 August 2017

Signing of Engine Purchase Agreement with Wartsila Finland OY to purchase 06 nos. of Gen-Sets for Karnaphuli Power Plant, capacity of  110 MW

18 September 2017

Fund Raising Agreement with IDCOL for Karnaphuli Power Limited

18 October 2017

Signing of Term Sheet with LankaBangla Finance Limited for raising fund through Preference Share for Karnaphuli Power Limited

19 October 2017

Signing of PPA & IA for implementing 110 MW IPP Power Plant under Karnaphuli Power Limited

04 February 2018

Received LOI from BPDP for implementing 105 MW IPP Power Plant under Baraka Shikalbaha Power Limited

28 February 2018