PowerPac Holdings Limited is going to set up two more power plants as part of it’s contribution to the national goal of attaining self-sufficiency in power generation.
One of the new plants will be set up at Keraniganj, near the capital, named 'Keraniganj 160 Mega Watt (MW) Dual Fuel (HFO/Gas) Power Plant' while another one to be established in Khulna, named 'Khulna 100 Mega Watt HFO based Power Plant'.
PowerPac Holdings Ltd., one of the leading power generation company of Bangladesh, also a concern of the country's leading business conglomerate, 'Sikder Group', has already been running two other power plants in Jamalpur and Keraniganj, generating a total of 200 MW electricity and supplying to the national greed. PowerPac Holdings has signed two separate EPC and Financing agreement of a total of $ 210 million a renowned Chinese company, 'Power China' for setting up the said Power Plants. The 'Keraniganj 160 Mega Watt (MW) Dual Fuel Power Plant' is set to be established at Keraniganj near the Capital and 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.
