Success Milestones
BSEC announced the IPO approval news of Baraka Patenga Power Limited through press release
05 January 2021
Received consent letter from BSEC to commence electronic bidding by the eligible investors to determine the cut-off price of ordinary shares of Baraka Patenga Power Limited
11 January 2021
Got approval from Bangladesh Securities and Exchange Commission for IPO Electronic Bidding by EIIs
31 December 2020
Successful completion of syndicated term loan arrangement with over subscription by IDCOL for Karnaphuli Power Limited amounting to USD 40 million and BDT 3310 million against USD 35 million and BDT 2240 million respectively
23 January 2019
Baraka Shikalbaha Power Limited successfully started Commercial Operation of its 105 MW Power Plant
24 May 2019
Karnaphuli Power Limited successfully started Commercial Operation of its 110 MW Power Plant
20 August 2018
Formal Inauguration of 110 MW Karnaphuli Power Plant and 105 MW Baraka Shikalbaha Power Plant by the Honorable Prime Minister, Sheikh Hasina
13 November 2019
Karnaphuli Power Limited (a subsidiary of BPPL) signed PPA with BPDB and IA with the Government of Bangladesh
04 February 2018
Received LOI from BPDB for implementing a 105 MW IPP Power Plant under Baraka Shikalbaha Power Limited (a subsidiary of BPPL)
01 March 2018
Fund Raising arrangement with UCBL for raising of BDT 2,639.80 million and USD 31.69 million for Baraka Shikalbaha Power Limited
01 March 2018
Signing of Engine Purchase Agreement with Wartsila Finland OY to purchase 06 nos. of Gen-Sets for Baraka Shikalbaha 105MW Power Plant
14 March 2018
Baraka Shikalbaha Power Limited (a subsidiary of BPPL) signed PPA with BPDB and IA with the Government of Bangladesh
19 August 2018
Received LOI from BPDB for implementing 110 MW IPP power plant namely Karnaphuli Power Ltd. (a subsidiary of BPPL)
08 August 2017
Signed Engine Purchase Agreement with Wartsila Finland OY to purchase 06 nos. of Gen-Sets for Karnaphuli 110 MW Power Plant
18 September 2017
Fund Raising Agreement with IDCOL for raising of BDT 2,800 million And USD 35 million For Karnaphuli Power Ltd.
18 October 2017
Signed Strategic Partnership Agreements with UCEP
20 October 2016
Exhaust Gas Secondary Power Plant started Commercial Operation
10 April 2015
Signed Term Loan Facility of USD 21,975 million funded by IDA of World Bank
21 January 2014
Converted into Public Limited Company
28 April 2014
Commercial Operation Started
04 May 2014
Flue Gas Desulfurization (FGD) plant started commercial operation
07 September 2014
Signed Syndicated Term Loan Facility of BDT 2,205 million
20 March 2013
Signed Flue Gas Desulfurization (FGD) equipment Purchase Contract
01 November 2013
Substation equipment purchase contract with Siemens Bangladesh Limited
24 January 2012
Exhaust Gas Secondary Power Plant purchase contract with Greens Power Limited
24 February 2012
Incorporated as Private Limited Company
07 June 2011
PPA & IA signed with BPDB & MPEMR
31 July 2011
Gen Set purchase agreement signed with Rolls Royce AS, UK
31 July 2011