Baraka Shikalbaha Power Limited (BSPL)

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Baraka Shikalbaha Power Limited (BSPL)

Baraka Shikalbaha Power Limited (BSPL), with its registered office at 6/A/1, Segunbagicha, Dhaka-1000, was incorporated in Bangladesh on December 13, 2017. In accordance with the Companies Act of 1994, on December 12, 2018, the Company became a public limited company.

Baraka Shikalbaha Power Limited is a 51% subsidiary of Baraka Patenga Power Limited (BPPL).

The Company's main operation is to construct power plants for the production and supply of electricity. In order to implement a 105 MW IPP power plant on a BOO basis, Baraka Patenga Power Limited, the sponsor of BSPL, submitted a proposal to the Power Division of the Ministry of Power, Energy & Mineral Resources (MPEMR). Subsequently, Bangladesh Power Development Board (BPDB) issued a Letter of Intent (LOI) to Baraka Patenga Power Limited and its consortium via their memo no. 27.11.0000. (COD). In this regard, Baraka Patenga Power Limited established Baraka Shikalbaha Power Limited as a subsidiary. On August 19, 2018, Baraka Shikalbaha Power Limited signed the Implementation Agreement (IA) with the Government of Bangladesh (GOB), represented by the Ministry of Power, Energy, and Mineral Resources, as well as the Power Purchase Agreement (PPA) with the Bangladesh Power Development Board (BPDB).

The 105 MW HFO-fired power station in Kolagaon, Patiya, Chattogram began operating commercially on May 24, 2019, and it has been continuously supplying electricity to the national grid since then. The plant has been running on six completely new Wartsila 4-Stroke Reciprocating Super Charged Engines, type W18V50, with a combined output of 110.49 MW and a capacity of 18.415 MW apiece. 

corporate directory

COMPANY NAME Baraka Shikalbaha Power Limited (BSPL)
REGISTRATION NO. & DATE C-141907/2017 dated December 13, 2017
LEGAL FORMS The Company was incorporated in Bangladesh on December 13, 2017 as Private Limited Company and converted to Public Limited Company on December 12, 2018.
CAPITAL STRUCTURE Authorized Capital: BDT 300,00,00,000 only (Divided into 20,00,00,000 ordinary shares of BDT 10 each and 10,00,00,000 preference shares of BDT 10 each).
Paid up Capital BDT 152,00,00,000 only (Ordinary Shares)
Face value of Share: BDT 10 each
SHAREHOLDING: Baraka Patenga Power Limited : 51.00% Fusion Holdings (Pvt) Limited : 25.57% Baraka Power Limited : 20.00% Other Shareholders : 03.43%
SUBSCRIBERS OF REDEEMABLE PREFERENCE SHARES: 1. LankaBangla Finance Ltd. 2. Meghna Bank Ltd.
BANKERS 1. United Commercial Bank Limited 2. Trust Bank Limited 3. The City Bank Limited 4. Rupali Bank Limited 5. Sonali Bank Limited 6. Modhumoti Bank Limited 7. IDLC Finance Limited 8. Cargill Financial Services International, INC 9. Bank Asia Ltd.
REGISTERED ADDRESS -6/A/1, Segunbagicha, Dhaka
POWER PLANT LOCATION Kolagaon, Patiya, Chattogram
AUDITOR M/S Kazi Zahir Khan & Co., Chartered Accountants Shamsunnar & Wazi Complex 31/C/1, Topkhana Road (8th Floor), Dhaka-1000.