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Success Milestones



26 June

Incorporated as Private Limited Company


21 January

Notification of Award issued by BPBD

28 April

Signed Project Agreement with BPDB

22 June

Gas-Supply Agreement with Jalalabad Gas Transmission and Distribution System Ltd (JGTDSL)

12 August

Gen-Set Supply Contract with GE Jenbacher, Jenbach, Austria

25 September

Conversion from Private to Public Limited Company

29 September

Sub Station Equipment Supply Contract

24 November

GAS RMS Supply Contract



22 January

Signed syndicated term loan facility of BDT 1,250 million

10 October

Started Commissioning

24 October

StartedCommercial Operation



03 April

Formal Inauguration by Honorable Prime Minister

01 September

Awarded ISO 9001:2008 Certification for Quality Management System

06 September

Accomplished Credit Rating by CRAB (Rating Long Term AA2)

14 October

Submitted Draft Prospectus to Securities and Exchange Commission for approval of Initial Public Offering (IPO)

28 December

Approval of Prospectus for IPO



01 February

Publication of Prospectus

06 April

Drawing of IPO Lottery

16 May

Listing of Shares with Stock Exchange

19 May

Started trade of Shares

31 July

Signed an agreement with BPDB to build a 50 MW Power Plant at Patenga, Chittagong by formation of new company named Baraka Patenga Power Limited (BPPL)

19 October

Gen Set Supply Contract with Rolls Royce Marine AS, UK for BPPL



24 January

Sub Station Equipment Supply Contract with Siemens Bangladesh Limited for BPPL

15 February

Exhaust Gas Secondary Power Plant Supply Contract with Greens Power Ltd, UK for BPPL



12 January

Achieved Best Corporate Award – 2012 from ICMAB


20 March

Signed Syndicated Term Loan facility of BDT 2,205 million for BPPL

29 August

Sanctioned Term Loan of USD 04 million by IDCOL

01 November

Signed Flue Gas Desulferization (FGD) Equipment purchased contract for BPPL



21 January 2014

Signed Term Loan of USD 21.975 million funded by the World Bank for BPPL

27 April 2014

Achieved ICMAB Best Corporate Award – 2013

04 May 2014

 Started Commercial Operation of BPPL

31 August 2014

Successful Commissioned of Flue Gas Desulferization System of BPPL



20 January 2015

Achieved ICMAB Best Corporate Award – 2014

10 April 2015

Successful Commissioned of Steam Turbine Generation (STG) of BPPL



20 October 2016

Signed Strategic Partpership Agreement with UCEP



22 May 2017

Acquired 51% equity ownership of Bela Fashions Limited (a 100% export oriented newly build compliance running Ready-Made-Garments factory)

8 August 2017

Received LOI from BPDP for implimenting a 110 MW IPP Power Plant under Karnaphuli Power Limited (a subsidiary of BPPL)

18 September 2017

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

18 October 2017

Fund Raising Agreement with IDCOL for raising of BDT 2,800 million and USD 35 million for Karnaphuli Power Limited

19 October 2017

Signing of Term Sheet with LankaBangla Finance Limited for raising of fund amounting BDT 800 million for Karnaphuli Power Limited