Power sector of Bangladesh

Power sector is of the most blooming sectors of Bangladesh. Generation capacity is increasing
very rapidly. Lots of new projects are coming. Power Plants can be classified in various ways.
One of them is fuel used.
Installed Capacity of BPDB Power Plants as on November 2016
Fuel Type
Capacity(Unit)
Total(%)
Coal

250.00 MW

Gas

8208.00 MW

63.14 %

1.92 %

HFO

2684.00 MW

20.65 %

HSD

1528.00 MW

11.75 %

Hydro

230.00 MW

1.77 %

Imported

600.00 MW

0.77 %

13500.00 MW

100 %

Total

This report basically on papers. Original scenario is described belowTotal Generation Capacity=12185 MW
Govt. Company = 6530 MW (53.59%)
Import= 600MW (4.92%)
Private= 5018MW (41.42%)
While buying from private sector, three are three types of contract: Quick rental Power plant
(QRPP), Rental Power plant (RPP) and Independent power Plant (IPP). Quick rental is that the
most costly contact and most profitable for plant owner. Quick rental deed basically done for
short time like three years, all contract of quick rental is almost expired or about to expire.
Rental power plant is for 5 years generally and cost is moderate. For rental power plant there is a
provision of further extension for minimum 5 years. Many of quick rental plants are converted to
rental power plants. Now a days maximum contract are done on IPP basis. For understanding
one example can be helpful. For quick rental is HFO based plant, Rate of per KW/hour was
around 20 taka, whereas for IPP, Rate of Per KW/hour is around 10 taka.
As this document basically for Stock Market related, so main focus on Private Owned power
plants and to be specified Stock market enlisted power plants.
One important note: A tender of 10 (ten) nos. HFO based Power plants (100 MW each) was
opened for bid three months ago. 6(six) of them already awarded. Other 4 nos. will be awarded
shortly. Confidence Cement, Confidence Steel, Doreen Power, Energy Prima (Hosaf group),
Energies Power Corporation (Shasha Denim) and Energy pack awarded 100 MW HFO based
plant each. (http://www.arthosuchak.com/archives/301816)

Private Power Generation

OWNER
>>
CAPACTIY (MW)
Summit
>>
1190
NEPC
>>
560
Aggreko
>>
345
KPCL (summit+united)>> 265
Hosaf (energy prima) >>
264
united
>>
248
Doreen
>>
187
desh
>>
150
SINHA
>>
134
Regent
>>
130
ECVP (Confidence+Energypac)>> 120
Quantum (otobi)>> 110
Maisha group >>
108
ACORN
>>
108
dutchbangla >>
107
BARAKA
>>
102
Orion
>>
102
IEL
>>
100
Powerpack (shikdar) >>
100
Shahazibazar(YOUTH)
>>
89
MAX
>>
78.5
Precision
>>
55
Lakdhambi >>
52
RAJLONKA >>
52
Midland (YOUTH) >>
51
Ena
>>
50
Pagla (ARMY)
>>
50
ENERGIES(Shahshadenim) >>
43
Shahamanatullah
>>
25
>
GBB
>>
22
RahimaAfroz >>
22

>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>>
>
>>
>>

PLANT NO
9
2
4
3
6
2
6
2
3
2
2
1
1
1
1
2
1
1
1
2
1
1
1
1
1
1
1
1
1
1
1

Stock Exchange Enlisted Private Power Generation Company:

OWNER
>>
CAPACTIY (MW) >>
1. Summit
>>
1190 MW
2. KPCL (summit+united)
>>
265 MW
3. united
>>
248 MW
4. Doreen
>>
187 MW
5. ECVP (Confidence+Energypac)*>> 120
6. BARAKA
>>
102 MW
7. Shahazibazar(YOUTH)
>>
89 MW
8. ENERGIES(Shahshadenim)**>>
43 MW
9. GBB Power Ltd
>>
22MW

PLANT NO

*Confidence group is leading shareholder (51%) of ECPV, Confidence Cement may have some
share, not sure.
** Energies is a sister concern of Shasha group.

Summit Power:
Undoubtedly the King of Private Power generation Bangladesh. Mr Aziz Khan is the Chairman.
They also own almost half share of KPCL. They are not keen to run a plant. In maximum cases
they hire a foreign O & M company. Their next target is to build one 1200+ MW power plant
(Coal based). As long this govt. is In charge, Aziz Khan will do anything he want.
Summit Power Limited
AUTHORIZED CAPITAL mn :
15000
PAID UP CAPITAL mn :
10678.8
RESERVE & SURPLUS mn :
8745.5
TOTAL SHARE :
1,06,78,77,227
PUBLIC PORTION :
17,19,28,234
Share Holding Info
Sponsor/Director:
Institute:
Public:
16.1
BUSINESS :
Q1
:
1.03
Q3
:
LAST AGM
:
Last Dclr
:

53.5
||
Govt: 0
25.96 ||
Foreign:
4.44
||
Fuel & Power ||
Running Q
:
||
Q2
:
||
Year End
:
12
27/04/2016
12.00, 6%B for 2015 ||
Last RD

ANUALIZED EPS
YA-EPS
:
EPS Growth
:
RPS :
8.19

:
3.76
0.36
||

4.12
||
||
NAV

||
LATEST PE
YA-PE :
9.01
9.60%
:
28.73

Q2

:
8.22

April 5 2016

Short Term Loan (mn) :

Long Term Loan (mn) :

0.00
0.00

||
||

SL Per Share
LL Per Share

52 WEEK
52 High:
52 Low :

:
31.70 - 43.80 ||
43.80 ||
-22.60%
31.70 ||
6.94%

All Time Hi
All Time Lo

:
:

173.8
26

||
||

-80.49%
30.38% :

YEAR
2011
2012
2013
2014
2015
2016

B-EPS
6.37
3.8
3.69
3.26
3.76
4.12

__
__
__
__
__
__
__

R-EPS
5.09
3.17
3.21
0

__
__
__
__
__
__
__

__
__
__
__
__
__
__

:
:

0.00
0.00

LTP

:
33.9
From High Price
From Low Price

:
From High Price
From Low Price

NPAT __
2511.15__
1873.47__
2184.86__
2219.99__
4240.87__
4401.55__

DIV
25%B
20%B
15%B
10.00, 5%B
12.00, 6%B
0

Bonus Issue
6% 2015, 5% 2014, 15% 2013, 20% 2012, 25% 2011, 30% 2010, 25% 2009, 20% 2008,
20% 2007, 20% 2006, 10% 2005
RYT ISSUE

4R:5 (premium @ 45Tk) 2008

Remark
N.B.

All the data collected from DSE Site, If any a mismatch found please check DSE site

DSE Link :

http://www.dsebd.org/displayCompany.php?name=SUMITPOWER

Khulna Power Company Limited

Its a joint venture company of United & summit group (35% united group, 17% summit
power & 17% of Summit industrial and Mercantile Corporation Ltd), KPCL has three power
plants.
1. Khulna Power Company Ltd (Est. 1998, one of the most profitable power plants ever in BD)
2. Khulna Power Company Unit II Ltd (Est 2010, contract 5 year, extension minimum 5 years)
3. Khanjahan Ali Power Company Ltd. (Est 2011, contract 5 year, extension minimum 5 years)
Total Capacity of KPCL is =100+115+40 = 267 MW
Khulna Power Company Limited
AUTHORIZED CAPITAL mn :
PAID UP CAPITAL mn :

7000
3612.85

RESERVE & SURPLUS mn :

4627.5
TOTAL SHARE :
36,12,84,709
PUBLIC PORTION :
5,06,15,988
Share Holding Info
Sponsor/Director:
Institute:
Public:
14.01
BUSINESS :
Q1
:
2.3
Q3
:
6.51
LAST AGM :
Last Dclr
:

70.59 ||
Govt: 0
14.25 ||
Foreign:
1.15
||
Fuel & Power ||
Running Q
||
Q2
:
4.42
||
Year End
:
12
25/06/2015
40.00 for 2014||
Last RD

ANUALIZED EPS :
YA-EPS
:
2.30
EPS Growth :
6.37
RPS :
12.81 ||
Short Term Loan (mn):
Long Term Loan (mn):

8.67
||
||
NAV
0.00
0.00

||
LATEST PE
YA-PE
:
277.19%
:
22.81
||
SL Per Share
||
LL Per Share

Q4

May 19 2016

:
7.52
28.35

:
:

0.00
0.00

52 WEEK
52 High
52 Low

:
:
:

60.90 - 80.50 ||
LTP
80.50 ||
-19.01%
60.90 ||
7.06%

All Time Hi
All Time Lo

:
:

272
39.5

:
:

YEAR __
2010 __
2011 __
2012 __
2013 __
2014 __
2015 __

B-EPS __
2.25 __
2.83 __
5.32 __
5.62 __
2.3
__
8.67 __

Bonus Issue

5% 2013, 12.50% 2012, 25% 2011, 20% 2010, 15% 2009

RYT ISSUE

Remark

||
||

-76.03%
65.06%

R-EPS __
1.87 __
2.67 __
4.73 __
5.36 __
__
0
__

65.2
From High Price
From Low Price

NPAT __
539.72 __
815.5 __
1626.89
1935.15
831.43 __
3134.10

From High Price

From Low Price
DIV
20%B
25%B
__
12.50, 12.50%B
__
25.00, 5%B
40
__
0

N.B. All the data collected from DSE Site, If any a mismatch found please check DSE site
DSE Link : http://www.dsebd.org/displayCompany.php?name=KPCL

United Power Generation & Distribution Company Ltd.

One of the leaders of Bangladesh Power sector. They have two units of total 248 MW and also
35% shareholder of KPCL. They have two other Captive power plants of 88 MW and 46 MW
respectively selling power to DEPZ & CEPZ. Management of United group is not too good.
Now they are producing around 70% of their capacity of the due to gas shortage. This will not
affect their profit as its not their operational fault and as per contract they will have full
payment. UPGs main advantage is their major portion is IPP (Independent power plant) and Ipp
contract done for minimum 15 years. Units that selling power to DEPZ & CEPZ has also
contract for more than 10 years from now.
United Power Generation & Distribution Company Ltd.
AUTHORIZED CAPITAL mn :
8000
PAID UP CAPITAL mn :
3629.45
RESERVE & SURPLUS mn :
6185.9
TOTAL SHARE :
36,29,44,698
PUBLIC PORTION :
2,05,06,375
Share Holding Info
Sponsor/Director:
90
||
Govt: 0
Institute:
4.35 ||
Foreign:
0
Public:
5.65 ||
BUSINESS :
Fuel & Power ||
Running Q
:
Q1
:
3.02 ||
Q2
:
Q3
:
||
Year End
:
12
LAST AGM :
24/06/2015
Last Dclr
:
30.00, 10%B for 2014||
Last RD
ANUALIZED EPS :
YA-EPS
:
8.30
EPS Growth :
3.78
RPS :
17.04 ||
Short Term Loan (mn):
Long Term Loan (mn):

Q2

Oct 10 2016

12.08 ||
LATEST PE :
11.81
||
YA-PE
:
17.18
||
45.49%
NAV :
31.94
0.00 ||
SL Per Share :
0.00
1,425.10
||
LL Per Share :
3.93

52 WEEK
52 High
52 Low

:
:
:

132.20 - 176.00
176.00
||
132.20
||

All Time Hi
All Time Lo

:
:

233.9 ||
98
||

YEAR __

B-EPS __

||
LTP
-18.98%
7.87%

-39.03%
45.51%

R-EPS __

:
:

NPAT __

142.6
From High Price
From Low Price
From High Price
From Low Price
DIV

2011
2012
2013
2014

__
__
__
__

5.37
10.21
5.98
8.3

__
__
__
__

Bonus Issue

10% 2014

RYT ISSUE

__
__
__
__

1062.27
2020.48
1774.43
2464.63

__
__
__
__

35
30.00, 10%B

Remark
N.B. All the data collected from DSE Site, If any a mismatch found please check DSE
sit3
DSE Link : http://www.dsebd.org/displayCompany.php?name=UPGDCL

Doreen Power Generations and Systems Limited

Doreen Power will touch 120, I talked with several times as it had all the potential to
create gamblers attraction and as far as I know, there is a very high probability that owner
was involved with recent price hike. They were the technical partner of Quantum (Otobi
owned power plant) as Otobi had not any experience on Power plant. Today Otobi is
almost finished due to Doreen powers policy. Ethically they are the worst company in
power sector. But if we consider future business expansion, It has bright days ahead.
They experimented with OTOBI, and learned a lot from that. For their 22 MW plant and
OTOBI, they purchased very old Engine which was really totally scrap. Now they are
using New good quality engines.
They have 6 power plants is on operation, Summation of their generation is 187 MW.
They just win a tender of 100 MW at Chadpur.
(http://www.arthosuchak.com/archives/301816)
Around mid of 2018 this would come in operation, so be aware for that time.
Doreen Power Generations and Systems Limited
AUTHORIZED CAPITAL mn :
PAID UP CAPITAL mn :
RESERVE & SURPLUS mn :
TOTAL SHARE :
PUBLIC PORTION :

2000
800
1552.7

8,00,00,000
1,23,44,000

Share Holding Info

Sponsor/Director:
75
||
Govt: 0
Institute:
9.57 ||
Foreign:
0
Public:
15.43 ||
BUSINESS :
Fuel & Power ||
Running Q

Q4

Q1
:
Q3
:
LAST AGM
Last Dclr

||
Q2
:
0.660Mismatch is due
0.550Mismatch is due ||
Year End
:
06
:
:
01
||
Last RD
:
01

ANUALIZED EPS :
YA-EPS
:
1.69
EPS Growth :
-0.96
RPS :
19.41 ||
Short Term Loan (mn):

0.73 ||
LATEST PE :
188.17
||
YA-PE
:
81.66
||
-56.60%
NAV :
0
1,978.02
||
SL Per Share :
24.73

Long Term Loan (mn):

3,555.68

||

LL Per Share :

52 WEEK
52 High

:
:

50.10 - 90.00 ||
LTP
90.00 ||
53.33%

52 Low

50.10 ||

175.45%

All Time Hi

90

||

53.33%

From High Price

All Time Lo

50.1

||

175.45%

From Low Price

YEAR __
2013 __
2014 __
2015 __
0
__
0
__
1
__

B-EPS __
2.28 __
2.58 __
2.25 __
0
__
0
__
0.73 __

Bonus Issue

RYT ISSUE

R-EPS __
__
__
__
0
__
0
__
0
__

44.45

138
From High Price
From Low Price

NPAT __
136.95 __
155.07 __
134.98 __
0
__
0
__
58.67 __

DIV
0
0
0

Remark
N.B.
site

All the data collected from DSE Site, If any a mismatch found please check DSE

DSE Link :

http://www.dsebd.org/displayCompany.php?name=DOREENPWR

ECVP (Confidence +Energy pac)

This company is not enlisted on Stock market, but Confidence Cement is having some share of
this company, Now In recent tender, Confidence Cement get another 100 MW (This time
directly by Confidence Cement). Again ECVP are constructing another 50 MW just beside their
existing 108 MW plant in Chittagong. That means after around 8 months Confidence Cement
EPS will boost again. One Important point, Condition of engines of ECVP right now is not so
good. They are producing almost 20% less than contract. Cant share more information about it.

Baraka Power Limited

Baraka Power is a joint collaboration of local and a group of Non Resident Bangladeshi (NRB)
entrepreneur. Baraka Power is the only private sector power generating company developed by a
group of NRB investors. The company was incorporated in Bangladesh on 26 June 2007 as a
Private Limited Company. Undoubtedly it is the most organized company of power sector.
Management is too good to. This company is the only company who is having spare engine for
meeting the demand. Their reputation to client (Bangladesh Power Development Board) is great.
Their total capacity of two existing plants is 102 MW.
Baraka Power Limited
AUTHORIZED CAPITAL mn :
3000
PAID UP CAPITAL mn :
1656.77
RESERVE & SURPLUS mn :
347.6
TOTAL SHARE :
16,56,77,672
PUBLIC PORTION :
9,20,50,515
Share Holding Info
Sponsor/Director:
19.91 ||
Govt: 0
Institute:
24.53 ||
Foreign:
0
Public:
55.56 ||
BUSINESS :
Fuel & Power ||
Running Q
:
Q1
:
0.96 ||
Q2
:
1.61
Q3
:
2.39 ||
Year End
:
06
LAST AGM :
31/12/2015
Last Dclr
:
8.00, 8%B for 2015 ||
Last RD
ANUALIZED EPS :
3.19 ||
LATEST PE :
YA-EPS
:
2.76 ||
YA-PE
:
10.66
EPS Growth :
0.43 ||
15.56%
RPS :
2.10 ||
NAV :
19.39
Short Term Loan (mn):
975.49 ||
SL Per Share :
Long Term Loan (mn):
3,219.51
||
LL Per Share
52 WEEK
52 High
52 Low

:
:
:

27.00 - 36.50 ||
LTP
36.50 ||
-19.45%
27.00 ||
8.89%

Q4

:
9.22

5.89
:

Nov 19 2015

19.43

29.4
From High Price
From Low Price

All Time Hi
All Time Lo
YEAR __
2011 __
2012 __
2013 __
2014 __
2015 __
2016 __

:
40.9
:
24.1
B-EPS __
2.32 __
1.9
__
1.48 __
1.9
__
2.76 __
3.19 __

Bonus Issue
RYT ISSUE
Remark

8% 2015, 17% 2014, 5% 2013, 21%B 2012, 20% 2011

-

N.B.

||
-28.12%
:
||
21.99%
:
R-EPS __
NPAT __
1.59 __
164.12 __
1.57 __
195.64 __
1.41 __
184.26 __
1.63 __
249.36 __
__
424.11 __
0
__
528.22 __

From High Price

From Low Price
DIV
20%B
21%B
10.00, 5%B
17% B
8.00, 8%B
0

All the data collected from DSE Site, If any a mismatch found please check DSE site

DSE Link :

http://www.dsebd.org/displayCompany.php?name=BARKAPOWER

Shahjibazar Power Co. Ltd.

It is a sister concern of youth group and capacity of 86 MW. Due to gas shortage it supplies a
partial load now. Basically its a Jamat based organization. Management is moderate. Youth
group has another power company named Midland Power Company Ltd. Its not sure
Shahzibazar owns any share of Midland or not. Engine Quality is also good. Placement of
Shahzibazar will be opened around February/ March next year. So be ready for another ride on it
on a short while.
Shahjibazar Power Co. Ltd.
AUTHORIZED CAPITAL mn :
5000
PAID UP CAPITAL mn :
1371.32
RESERVE & SURPLUS mn :
1787.5
TOTAL SHARE :
13,71,32,037
PUBLIC PORTION :
2,72,61,849
Share Holding Info
Sponsor/Director:
Institute:
Public:
19.88
BUSINESS :
Q1
:
1.18
Q3
:
3.59
LAST AGM :
Last Dclr
:

8.19
||
Fuel & Power ||
||
Q2
:
||
Year End
08/02/2016
28.00, 3% B for 2015

ANUALIZED EPS
YA-EPS
:
EPS Growth :
RPS :
13.03

:
7.20
-2.41
||

71.93 ||
Govt: 0
||
Foreign:
0
Running Q
2.33
:
06
||

Last RD

Q4

4.79 ||
LATEST PE :
32.57
||
YA-PE
:
21.65
||
-33.52%
NAV :
30.6

Dec 7 2015

Short Term Loan (mn):

Long Term Loan (mn):

1,941.70
159.68 ||

||
SL Per Share :
LL Per Share :
1.16

14.16

52 WEEK
52 High
52 Low

:
:
:

87.50 - 177.00 ||
LTP :
177.00
||
-11.92%
87.50 ||
78.17%

155.9

All Time Hi
All Time Lo

:
:

320.23 ||
33.08 ||

From High Price

From Low Price

YEAR __
2011 __
2012 __
2013 __
2014 __
2015 __
2016 __

B-EPS __
2.88 __
2.6
__
2.32 __
4.13 __
7.2
__
4.79 __

Bonus Issue

3% 2015, 5% 2014

RYT ISSUE

-51.32%
371.28%

R-EPS __
__
__
1.99 __
__
__
0
__

:
:

NPAT __
286.23 __
273.33 __
252.14 __
470.92 __
958.92 __
656.38 __

From High Price

From Low Price

DIV
25.00, 5%B
28.00, 3% B
0

Remark
N.B.

All the data collected from DSE Site, If any a mismatch found please check DSE site

DSE Link :

http://www.dsebd.org/displayCompany.php?name=SPCL

Energies Power Corporation

Though Energies Power Corporation is not listed directly in Stock market, but it is a sister
concern of Shasha Group. They have only one plant of 43 MW. Previously their plant was 78.5
MW, but in 2014 they extended their contract for 55 MW. On the recent tender they got another
100 MW plant at Bagerhat. This is the reason of recent price hike of Shasha Denim.
Their engine condition is worst of all power plants (other than Quantum, OTOBI). Though their
contract was 55 MW, they are now capable to generate 43 MW.
Management is also poor. They are not willing to buy the mendatory spares too. This is one of
the reason that some of their engines are now totally scrap.

GBB Power Ltd

Its the smallest power generation company of Bangladesh. Sorry, dont have much information
about this company, no one of my collegagues, friends of power sector basically count it. There
is a very little chance of future expansion of this.

GBB Power Ltd.

AUTHORIZED CAPITAL mn :
2000
PAID UP CAPITAL mn :
969.56
RESERVE & SURPLUS mn :
76.1
TOTAL SHARE :
9,69,55,760
PUBLIC PORTION :
4,76,63,452
Share Holding Info
Sponsor/Director:
32.01 ||
Govt: 0
Institute:
18.83 ||
Foreign:
0
Public:
49.16 ||
BUSINESS :
Fuel & Power ||
Running Q
:
Q1
:
0.35 ||
Q2
:
Q3
:
||
Year End
:
12
LAST AGM :
09/07/2015
Last Dclr
:
15%B for 2014
||
Last RD
ANUALIZED EPS :
1.40 ||
LATEST PE :
YA-EPS
:
1.55 ||
YA-PE
:
9.55
EPS Growth :
-0.15 ||
-9.65%
RPS :
0.78 ||
NAV :
22.68
Short Term Loan (mn):
39.69 ||
SL Per Share :
Long Term Loan (mn):
0.00 ||
LL Per Share :

Q2

:
Sept 19 2016
10.57

0.41
0.00

52 WEEK
52 High
52 Low

:
:
:

13.40 - 19.20 ||
LTP
19.20 ||
-22.92%
13.40 ||
10.45%

14.8
From High Price
From Low Price

All Time Hi
All Time Lo

:
:

51.9 ||
12.95 ||

:
:

From High Price

From Low Price

YEAR __
2010 __
2011 __
2012 __
2013 __
2014 __
2015 __

B-EPS __
2.83 __
2.57 __
2.13 __
1.9
__
1.55 __
1.40 __

Bonus Issue
RYT ISSUE
Remark

15% 2014, 15% 2013, 15% 2012, 25% 2011

-

-71.48%
14.29%

R-EPS __
__
2.05 __
1.61 __
1.65 __
__
0
__

NPAT __
75.5 __
78.33 __
117.67 __
139.26 __
130.46 __
135.74 __

DIV
5.00, 25%B
15%B
15%B
15%B
0

N.B. All the data collected from DSE Site, If any a mismatch found please check DSE site
DSE Link : http://www.dsebd.org/displayCompany.php?name=GBBPOWER

#### All data taken from respected web sites, internal sources.