Khulna Power Company Limited (KPCL) is the first private Power Generation Company in Bangladesh. It was established under the private sector power generation policy of Bangladesh. It was incorporated on October 1997 as a private limited company and BPDB (Bangladesh Power Development Board) was facing a huge power crisis and to overcome the shortage it decided to develop more power plant in collaboration with private sector. As a part of this strategy it decided to build power plant at Khulna and KPCL decided to do so. KPCL invested around US$96 Million to set up the project at Khulna. BPDB also signed a power purchase agreement (PPA) with KPCL. Its plant got fully operational from 1998 and it supplied uninterrupted power to national grid since then. In 2009, KPCL became a public limited company. Company was formed in association with foreign companies so as to take the advantage of its expertise and capital requirement. Their foreign equity partners were Sumit Group and Wartsila Group from Finland. Later, it formed two subsidiary companies to develop more power projects.
Currently the KPCL plant and other two plants of subsidiary units are operated by Wartsila Bangladesh Ltd company promoted by Wartsila, OY, Finland. Operations of these plants are maintained by fully experienced and fully trained staff from Wartsila. Team managing the plant has enough expertise to carry the plant operation and its maintenance.
KPCL has its plants located at three locations i.e. Goalpara, Khalispur and Khulna with capacity to produce 110 MW electricity. There are 19 DG set in the plant and is runs on heavy fuel oil at present but can be converted to Gas based operations in future. Recently it expanded the power generation capacity at this plant by adding another 115 MW at the cost of USD 75 Million. Hence the capacity became 225 MW. Near Jessore, it developed power plant with capacity of 25 MW at the project cost of USD 40 Million. Today KPCL group has total installed licensed capacity to generate 265 MW but it produces 277 MW power due to its efficient plant management by professional team. This generation of power very less compare to the demand of 7500 MW.
In 2011, Company exported 1202 Million KWH unit of Power to BPDB and earned revenue of Tk. 11262.21 Million with Net Profit of Tk. 815.50 Million. KPCL issued bonus 1 share against 4 shares held by the shareholders and fulfilled its responsibility towards them. Company is very well recognized in the stock markets due to its corporate governance. KPCL fulfills all legal bindings properly maintains transparency in management. It also understands social responsibility and hence also helps poor and unemployed people in different ways.
KPCL has been rated AA for long term credit and ST-1 for short term credit by credit rating agency of Bangladesh (CRAB). This rating is awarded to KPCL for its following achievements.
- Quality Plant with better efficiency
- Operation and management of plant by experts
- Good Profitability
- Enough reserves and Cash Flows
- Good debt repayment track record
Company’s management is highly ambitious to keep up this performance over a period of time and to take KPCL a new height with its great team of professionals and management along with its equity partners.
Khulna Power Company Limited (KPCL) enlisted on Dhaka Stock Exchange in 2010. It’s been rated as “A” category share under the Fuel and Power sector as on 27-07-2013.
Contact information of KPCL:
Registered Office: Landmark (3rd floor)
12-14 Gulshan North C/A, Gulshan-2, Dhaka 1212.
Phone: [+8802] 8810932, 8810892, 8810868, 8824217, 8823940