Power Grid Company of Bangladesh Ltd. also known as (PGCB) was incorporated in 1996 with a capital of Tk. 10 Billion. PGCB’s creation was part of the restructuring process in power sector by Government of Bangladesh. Major objective in formation of PGCB was to create a commercial and professional environment in the power sector and also to increase efficiency, accountability and to make sector dynamic in nature. In 2002, it acquired all the transmission and distribution assets of BPDB (Bangladesh Power Development Board) and Dhaka Electricity Supply Authority (DESA) as per the government decision. Since then company’s main business was to own, operate and grow the national power grid in the country. Since its inception company is growing consistently. At present PGCB’s corporate office is located at Dhaka.
Company has a great vision to uplift the country by transmitting electricity to the nation effectively and efficiently. It is company’s mission to achieve the vision by good operational management of the national power grid and hence enlighten the country. As on June 2012, Company has a dedicated team of 2049 people who are working day and night to fulfill the vision.
PGCB’s major business activity is to plan, promote, develop, operate and maintain the power transmission sector in entire Bangladesh with good operational efficiency. It also acts as a co-ordinating agency for regional, national and international grid systems. Its main operating function is to transmit the energy from BPDB power stations and other generation companies to other distributing agencies through its transmission network.
PGCB’s Transmission infrastructure is the backbone in the progress of nation and hence company. Till June 2012 its transmission network consists of:
- 2647.3 Circuit km of 230kV line
- 6077.44 circuit Km of 132 kV line
- 13 Number of 230/132 kV substation
- 83 Number of 132/33 kV substation
Power Grid Company of Bangladesh Ltd. is also in the business of providing consultancy services in power systems and to undertake turnkey projects for other organizations. PGCB has installed high voltage optical ground wire to protect the transmission line from thunders. Currently Power Grid Company of Bangladesh Ltd. has 4300 km of optical cable and it covers almost the entire nation. After fulfilling its communication need, PGCB leases these cables to telecom service provider and also help in building communication network in the country.
Apart from transmission of electricity and leasing optical fiber cable, PGCB’s other activities include:
- Operation and Maintenance of Transmission Line and Grid Sub Stations.
- Load Dispatching
- Operation and Maintenance of SCADA system
- Operation and Maintenance of Communication system
- To plan Transmission Network on regular basis
- Designing and evaluation of new projects
- Implementation and execution of developed projects on time and making them fully functional
During Financial Year 2010-11, PGCB’s annual turnover was Tk. 7242.01 Million and net profit after tax was Tk. 924.601 Million and EPS of 2.21 (after stock split). In order to achieve the business excellence company provides training to all its staff members from time to time. Company’s Training schedule is published well in advance and it covers major topics like Quality, Transmission, Distribution, English, Finance, Taxation, etc. With overall focus on areas like Operation, Training, Quality, company has been able to achieve the excellence in managing the Power Transmission and Distribution business with excellent performance in Bangladesh.
Power Grid Company of Bangladesh Limited (PGCB) enlisted in Dhaka Stock Exchange (DSE) in 2006. It’s been rated as “A” category share under the Fuel & Power sector as on 08-02-2014
Contact Information of Power Grid Company of Bangladesh Ltd. (PGCB):
Address: Institution of Engineers (IEB) Bhaban (New),
3rd & 4th Floor, 8/A Ramna, Dhaka-1000
Contact Phone: 9553663, 9550514, 9550514, 9560064, 9558054
Email Address: firstname.lastname@example.org
Website Address: www.pgcb.org.bd