Baraka Patenga Power Limited

Company Information

The story of the Baraka Patenga Power Limited

Baraka Patenga Power Limited (BPPL) was incorporate as private limited Company on 7 June 2011 having 51% equity investment of Baraka Power Limited (previously known as Barakatullah Electro Dynamics Limited) and converted into public limited Company on 28 April 2014.
In line with the success story of its holding company Baraka Power Limited, the group of resident and Non Resident Bangladeshi (NRB) entrepreneurs developed BPPL to implement 50 MW HFO fired IPP power plant at South Patenga, Chittagong, awarded by Bangladesh Power Development Board (BPDB) through tendering process. On 31 July 2011, BPPL signed a Power Purchase Agreement (PPA) with BPDB and Implementation Agreement (IA) with MPEMR to generate and supply 50 MW of electricity on Build, Own & Operate (BOO) basis for a term of 15 years. The principal activity of the Company is to set up power plants for generation and supply of electricity to national grid. The plant started its commercial operation on 4 May 2014.

 

Baraka Patenga Power Limited


The Plant was established by 08 nos. of brand new Rolls Royce Engine having capacity of 6.984 MW each with total capacity of 55.872 MW. In addition, a co-generation secondary power plant with capacity of 3.20 MW has been installed and started its commercial operation on 10 April 2015. The STG plant runs by heat recovery from 08 nos. of Rolls Royce gensets exhaust gas without burning any fuel and will reduce the fuel cost by 6.40 % annually. For the first time in power sector in Bangladesh, a Desulfurization plant has been introduced to the project to reduce sulfur emission at an acceptable low level.
Total cost of the project was Tk. 4,150 million out of which USD 21.975 million was financed by World Bank through Bangladesh Bank IPFF project cell and the rest amount financed by some local Banks and NBFIs.