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PowerPac Holdings sign $210m EPCF agreement with Power China for setting up 2 Power Plants


Published : 25 Dec 2019 09:26 PM | Updated : 30 Sep 2021 07:54 PM

PowerPac Holdings Limited, one of the leading power generation company of Bangladesh, on Wednesday signed two separate EPC and Financing agreement of a total of 210 Million US Dollar with 'Power China' for setting up two Power Plants in the country. 

Two power Plants are 'Keraniganj 160 Mega Watt (MW) Dual Fuel (HFO/Gas) Power Plant' and 'Khulna 100 Mega Watt HFO based Power Plant'. 

The 'Keraniganj 160 Mega Watt (MW) Dual Fuel Power Plant' is set to be established at Keraniganj near the Capital, adjacent to the existing 100 MW HFO based Power Plant of PowerPac Holdings Ltd., while the 'Khulna 100 Mega Watt HFO based Power Plant' will be established in Khulna.  

Mr. Ron Haque Sikder, Managing Director of the PowerPac Holdings Limited signed the agreement for Keraniganj Power Plant with Mr. Pan Dengyu, Vice President of Power China and for'Khulna 100 Mega Watt HFO based Power Plant' with Mr. Yan Laihu, Vice President of Power China on behalf of the respective companies.

The Engineering, Procurement & Consultation and Financing (EPCF) Agreement signing ceremony took place in the evening on Wednesday at the 'Sikder House', the Corporate head office of Sikder Group, Banani in the capital.

Director of Sikder Group, Mr. John Haque Sikder, Chief Operating Officer (COO) of Sikder Group, Mr. S Q Islam Mohon, 8 member team of officials of the 'Power China' and senior officials of the Power Pac Holdings Ltd. Were also present on the occasion.