Ashuganj Power Station Company Limited is a state owned power company in Bangladesh. The company is located in

Paltan Paltan is a thana (precinct) of Dhaka, the capital of Bangladesh. It is often said to be the center of Dhaka, dividing "Old Dhaka" and "New Dhaka". Paltan was made a thana in 2005 by then Prime Minister Begum Khaleda Zia. Paltan Thana was formed ...

, Dhaka, Bangladesh. The company is under the authority of

Bangladesh Power Development Board The Bangladesh Power Development Board (BPDB) is a government agency operating under the Ministry of Power, Energy and Mineral Resources, Government of the People's Republic of Bangladesh. It was created as a public-sector organization to boos ...

History

Ashuganj Power Station Company Limited was established on 28 June 2000 according to the Power Sector Development and Reform Program of the Government of Bangladesh. It was incorporated under the Companies act, 1990. It is owned by Bangladesh Power Development Board who controls 99.99% of the shares. The rest of the .01% are owned by the Ministry of Planning,

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Eco ...

Ministry of Power, Energy and Mineral Resources The Ministry of Power, Energy and Mineral Resources ( bn, বিদ্যুৎ, জ্বালানি ও খনিজ সম্পদ মন্ত্রণালয়; ''Bidyuṯ, jbālāni ō khanija sampada mantraṇālaẏa'') (abbreviat ...

, Power Division, and

Energy and Mineral Resources Division Energy and Mineral Resources Division () is a Bangladesh government division under the Ministry of Power, Energy and Mineral Resources responsible for managing hydrocarbon mining and processing in Bangladesh. Dr Khairuzzaman Mozumder is the Secr ...

. It was created around Ashuganj Power Plant which was commissioned in 1987 and close to Titas Gas field. In 2011, the company launched a new 50 megawatt power plant in

Ashuganj Upazila Ashuganj ( bn, আশুগঞ্জ) is an upazila of Brahmanbaria District in the Division of Chittagong, Bangladesh. The area is home to the Port of Ashuganj. Demographics According to the 2011 Bangladesh census, Ashuganj upazila had a po ...

. In December 2012, the company received 193 million dollar loan from

Standard Chartered Bank Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around ...

to set up a combined cycle power plant and 420 million dollar loan from

HSBC Bank HSBC Bank may refer to any one of the following principal local banks or divisions of the HSBC Group: Asia-Pacific * HSBC (Hong Kong) ** PayMe, its local payment service * HSBC Bank (China) * HSBC Bank Australia * HSBC Bank India * HSBC Bank M ...

. In July 2017, the company signed an agreement with the

China Energy Engineering Corporation China Energy Engineering Corporation or Energy China (CEEC, ), is a Chinese state-owned energy conglomerate, with headquarters in Chaoyang District, Beijing. History The conglomerate was established on September 29, 2011, with the approval of t ...

, a state owned Chinese company, to construct

Patuakhali Power Plant Patuakhali ( bn, পটুয়াখালী ''Potuakhali'') is a town and district headquarter of Patuakhali District located on the southern bank of Laukathi river in the division of Barisal in Bangladesh. It is the administrative headquar ...

. On 24 December 2018, Ashuganj Power Station Company Limited signed agreements with 8 financials institutions and banks to issue bonds and raise 4.15 billion taka. The purpose of the bonds are to raise funds for building new power plants. The company is constructing 1200 Megawatt power plant along the banks of Meghna River in

Brahmanbaria District Brahmanbaria ( bn, ব্রাহ্মণবাড়িয়া, translit=Brahmôṇbaṛiya) is a district in eastern Bangladesh located in the Chittagong Division. Geographically, it is mostly farmland and is topographically part of the Ga ...

with TSK Spain. Its plant has faced criticism as a potential risk to Hilsha fish who inhabit the region and are the National fish of Bangladesh.

References

Electric power companies of Bangladesh Government-owned companies of Bangladesh Organisations based in Dhaka Organisations based in Ashuganj Bangladeshi companies established in 2000 {{Bangladesh-org-stub