Karnaphuli Power Limited (KPL)

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Karnaphuli Power Limited (KPL)

Karnaphuli Power Limited (KPL), with its registered office at 6/A/1 (1st and 2nd floor), Segunbagicha, Dhaka-1000, was established in Bangladesh on November 17, 2014. According to the Companies Act of 1994, on December 12, 2018, the Company became a public limited company.

Initially the Company was formed as a Private Limited Company and later on December 12, 2018 the Company was convicted to a Public Limited Company.


Karnaphuli 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. Karnaphuli Power Limited, acting on its own behalf, submitted a proposal to the Ministry of Power, Energy & Mineral Resources' (MPEMR) Power Division on August 8, 2017, requesting a Letter of Intent (LOI) to implement a 110MW IPP power plant. On February 4, 2018, the company signed a Power Purchase Agreement (PPA) with the Bangladesh Power Development Board (BPDB), and it has also signed an Implementation Agreement (IA) with the Government of Bangladesh (GOB). On the same day for implementing HFO fired IPP power plant having capacity of 110 MW on Build, Own, Operate (BOO) basis at Kolagaon, Patiya, Chattogram for a term of 15 years from the commercial operation date (COD).


On August 20, 2019, the 110 MW HFO-fired power station in Kolagaon, Patiya, Chattogram began commercial operation. It is currently providing uninterrupted electricity to the national grid in accordance with BPDB's needs. The plant has six brand-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. In addition, the plant uses six of Alfa Laval's Aalborg West heat recovery boilers, each of which can produce 6.6 MT of steam per hour. The cutting-edge plant generates 6.5 MW of electricity utilizing an NTC Steam Turbine using energy recovered by these boilers without using any extra fuel.

corporate directory

COMPANY NAME Karnaphuli Power Limited (KPL)
REGISTRATION NO. & DATE C-119281/14 dated November 17, 2014
LEGAL FORMS The Company was incorporated in Bangladesh on November 17, 2014 as Private Limited Company and converted to Public Limited Company on December 12, 2018.
CAPITAL STRUCTURE Authorized Capital: BDT 300,00,00,000/- (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/- (Ordinary Shares)
Face value of Share BDT 10 each
SHAREHOLDING Baraka Patenga Power Limited : 51.00% Baraka Power Limited : 25.00% Fusion Holdings (Pvt) Limited : 22.17% Other Shareholders : 01.83%
SUBSCRIBERS OF REDEEMABLE PREFERENCE SHARES 1. Nahid Cotton Mills Ltd. 2. Lankan Alliance Finance Ltd. 3. Meghna Bank Ltd.
BANKERS 1. The City Bank Ltd. 2. IPDC Finance Ltd. 3. Trust Bank Ltd. 4. Prime Bank Ltd. 5. Eastern Bank Ltd. 6. Dhaka Bank Ltd. 7. Infrastructure Development Company Ltd. 8. United Commercial Bank Ltd. 9. Bank Asia Ltd.
REGISTERED ADDRESS 6/A/1 (1st and 2nd Floor), Topkhana Road, 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

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