OVERVIEW :

The Government of Bangladesh has given utmost priority in the Power Sector especially in power generation to achieve its Sustainable Development Goals. Power Division, Ministry of Power, Energy and Mineral Resources has taken extensive plan and programs in order to enhance generation capacity of Bangladesh as well as bring all people under electricity network coverage. Power Division set a target for RPCL to implement a coal based thermal power plant having capacity of 1320 (2 x 660) MW.

RPCL has selected the site at Kalapara Upozila under Patuakhali district through detail Feasibility Study & Environmental Impact Assessment. According to the GoB's approval the project will be implemented by the newly established Joint Venture Company, RPCL-NORINCO Inti.

Power Limited (RNPL) between Rural Power Company Limited (RPCL) a state owned company and NORINCO International Cooperation Ltd another state owned company of China with equal (50:50) partnership. The JV Company incorporated and registered with the Registrar of Joint Stock Companies & Firms Bangladesh on 21st December, 2017.

RPCL has already acquired 915.74 acre of land and handed over 500 acres of land to RNPL under a long term Land Lease Agreement. BPDB will purchase all the electricity generation from the Power Plant. In this regard Power Purchase Agreement (PPA) and Implementation Agreement (IA) has already been signed. The Power Plant will be a two unit (2 x 660 MW) Ultra-Super Critical Coal fired thermal

power plant having a total capacity of 1320 MW. This project comprises of construction of jetty and coal handling facilities for coal import, coal storage, power plant construction, township development and construction of transmission facilities and road communication. A modern village for resettling of approximately 281 affected family caused by Land Acquisition with House, School, Play Ground, Mosque, Community Center, Shops, Health Center is now under construction through a separate project.

To construct the power plant, the company has already signed EPC contract on 06.03.2019 and issued Notice to Proceed on 31.08.2019. As part of the construction process, contracts have been signed to procure major equipment of the plant, i.e Boiler, Turbine & Generator which will be delivered at the project site by the end of July 2021. The construction work of Access Road from jetty to project site is also going-on. Soil investigation at the project site has been completed and Grid Study for power evacuation was submitted to PGCB & Power Division for necessary action. The Loan & Equity Ratio of this project is 70:30. As part of the process to obtain loan, a negotiation committee consisting of members from different ministries and agencies of Bangladesh Government visited China to negotiate with the representative of EXIM Bank of China; after negotiation both the parties agreed and signed an agreement on the Indicative Term Sheet & Conditions which will be sent to the "Standing Committee on Non-Concessional Loan" for approval.


COMPANY INFORMATION :

Name of the Company: RPCL – NORINCO INTL POWER LIMITED

Status of the Company: Private Limited Company

Date of Incorporation: 21 December 2017

Registration No: C-142098/2017

Shareholders: Rural Power Company Limited (50%) NORINCO International Cooperation Limited (50%)

Authorized Capital : BDT 40,0000000

Paid-up Capital : BDT 20,0000000

Face Value of each Share : BDT 10.00

Chairman: Major General Moin Uddin (Retd.)

Managing Director : Md. Abdus Sabur

Executive Director : Qi Yue

Major Area of Business: Power Generation

Corporate Ofce : “Atlanta Trade Center” Road #1/A, , House # 1, Level # 7, Sector #4 USttara Model Town, Dhaka-1230, Bangladesh

Auditor : Hoda Vasi Chowdhury & Co

Administrative Ministry : Power Division, Ministry of Power, Energy & Mineral Resources