Bangladesh-China Power Company Ltd. formed under the Companies Act 1994 of Bangladesh on October 01, 2014 through a Joint Venture Agreement (JVA) between North-West Power Generation Company Limited (NWPGCL) and China National Machinery Import & Export Corporation (CMC). The JVA was signed on June 09, 2014 at the Great Hall of the People, Beijing, China, in the presence of the Hon’ble Prime Minister of the People’s Republic of Bangladesh and her counterpart, the Hon’ble Prime Minister of the People’s Republic of China. Here, both NWPGCL and CMC hold equal share of ownership in the company, which is a 50:50 ratio.
The authorized share capital of BCPCL is BDT 50 Billion which is divided into 5 Billion shares worth BDT 10 each. At present, the paid-up share capital of the company is BDT 39.86 Billion.
BCPCL has successfully implemented the Payra 1320 MW Thermal Power Plant Project (1st Phase) and is currently in the process of implementing the Payra 1320 MW Thermal Power Plant Project (2nd Phase) in Dhankhali, Kalapara, located in the Patuakhali district of Bangladesh by using eco-friendly Ultra-supercritical Technology.
Additionally, BCPCL is actively engaged in the implementation of the Payra-Gopalganj-Aminbazar 400kV Double Circuit Transmission Line (2nd Phase) Project and associated infrastructure to facilitate the efficient transmission of power generated from the area of Payra, Patuakhali.
BCPCL intends to generate competitive, eco-friendly, reliable, and flexible power solutions. The Company have the industry’s most comprehensive portfolio of thermal technologies and hold the leading position in power generation. At the very outset of development, BCPCL will continue to create value for clients and join hands in creating a splendid future.
NORTH-WEST POWER GENERATION COMPANY LIMITED
an enterprise of Bangladesh Power Development Board (BPDB), is a state-owned company, incorporated and registered with RJSC, Bangladesh, on August 28, 2007 under the provisions of the Companies Act, 1994, and has its Corporate Office at UTC Building (Level-4), 8 Panthapath, Kawran Bazar, Dhaka-1215, Bangladesh.
CHINA NATIONAL MACHINERY IMPORT & EXPORT CORPORATION
is a wholly state-owned company, incorporated and registered in the State Administration for Industry and Commerce as a corporate group in 1997 under the provisions of the Company Law of the People’s Republic of China, and has its Head Office at the West Wing of Sichuan Mansion, 1 Fuchengmenwai Avenue, Beijing 100037, China.
