Ashuganj Power Station is the second largest power station in Bangladesh.

The present total power

(electricity) generation capacity of its 7 units is 671 MW. As a part of the Power Sector
Development and Reform Program of the Government of Bangladesh (GOB) Ashuganj Power
Station Company Ltd. (APSCL) has been incorporated under the Companies Act 1994 on 28 June
2000. The Registration No. of APSCL is 40630 (2328) / 2000. Ashuganj Power Station (APS)
Complex (with its Assets and Liabilities) had been transferred to the APSCL through a Provisional
Vendors Agreement signed between BPDB and APSCL on 22 May 2003. All the activities of the
company started formally on 01 June 2003. From that day the overall activities of the Company
along with operation, maintenance and development of the Power Station are vested upon a
Management Team consisting of the Managing Director, the Director (Technical) & the Director
(Finance).

According to the Articles of Association of the Company, 51% of total shares is held by BPDB
and the rest 49% is distributed among Ministry of Finance, Ministry of Planning, Power Division,
MOPEMR & Energy Division, MOPEMR of GOB.

Electricity generated in this power station is supplied to the national grid and it is distributed to
the consumers throughout the whole country through the national grid. This power station plays a
significant role in the national economic development by generating more than 10% of total
demand for electricity in the country. In this power station, Natural Gas from Titas Gas
Transmission & Distribution Company Ltd. is used as fuel. Water from the Meghna is used through
in-take channels for steam generation and cooling of generated steam and used water (for cooling)
is again thrown into the Meghna through discharge channels. Huge water from the discharge
channels are used for irrigation in the dry season. It is known that about 36,000 acres of land of
Ashuganj are irrigated by this water.

Power Sector Development and Reform:

The power sector in Bangladesh has been undergoing a process of significant institutional change.
Since 1972 the operation of the power sector has been the responsibility of the Bangladesh Power
Development Board (BPDB), reporting to the Ministry of Power, Energy and Mineral Resources
(MPEMR). This responsibility has been subdivided over the years, initially with the setting up of
the Rural Electrification Board (REB) in 1978, and the subsequent creation of a co-operative based
model for expansion of access, the co-operatives being known as Palli Bidyuit Samity (PBS). In
1991 the responsibility for power distribution in Dhaka was vested with the Dhaka Electric Supply
Authority (DESA). Since the mid1990s, the Government of Bangladesh has continued with the
vertical unbundling of the sector, through the creation of separate publicly owned entities for
generation, transmission and distribution, and the development of a Single Buyer market model.
This has led to the entry of a number of Independent Power Producers (IPPs) into the market. The
unbundling has led to the creation of a number of independently managed entities which are
gradually taking over the operational responsibility previously vested with BPDB, thereby
changing its status to that of a holding Company, with management control being decentralized
into the business units. As part of the ongoing program of power sector reform, a regulatory body,'
the BERC (Bangladesh Energy Regulatory Commission) has been set up, and a unit called Power
Cell has been set up within the MPEMR to drive the reform process forward.

Background of EGCB Ltd:

* On 23rd November 1996 BPDB formed Meghnaghat Power Company (MPC) Ltd.

* On 16th February 2004 the Meghnaghat Power Company (MPC) Ltd. has been re-named as
Electricity Generation Company of Bangladesh (EGCB) Ltd. (an Enterprise of BPDB).

Electricity Generation Company of Bangladesh (EGCB) Ltd. (An Enterprise of Bangladesh Power
Development Board) was incorporated with Registrar of joint stock companies on February 16,
2004 to produce and sale of Electricity. EGCB has a plan to become a leading electricity generation
company across the country. Electricity generation-related business services are among the fastest
growing and key area of the economy, EGCB intends to capitalize on the opportunity in that area.
The company's major share is currently held by BPDB.

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Electricity is the driving force of modern civilization as well as the back-bone of all development
activities of the country. But the present generation capacity of the country is not sufficient
enough to meet the prevailing load demand of the country and causes insurmountable impedance
to the development activities in industrial, commercial, agricultural and other social sectors.
Furthermore, the load demand is increasing at a faster rate which needs more power plants to
generate electricity for supporting the development activities for total development of the
country. In spite of this, the Government is committed to provide electricity for all by 2020. To
cope-up with the growing load demand as well as to comply with the policy of the Government
enough generation of electricity needs to be added.

In pursuance of the above, with a view to meeting the growing demand of electricity in the
North-West region of the country, North-West Power Generation Company Limited (NWPGCL)
has been formed, incorporated and registered in August, 2007 under the framework of the
Government Power Sector Reforms Policy and the provision of the Companies Act, 1994. The
Company has primarily started its functioning with Khulna 150 MW Peaking Power Plant
Project, Sirajganj 150 MW Peaking Power Plant Project and Bheramara 360 MW Combined
Cycle Power Development Project. The Company intends to be the leading power generating
utility in the country in the long run.

Bangladesh is presently facing shortage of power and there are always load shading in some parts
of the country. This is threatening to the agriculture, industry, commerce as well as the whole
economy. Rural Power Company Limited is committed to reliable power generation for Rural
Development and also to take part in social & economical development for rural people of the
country.

Rural Power Company Limited was the first Independent Power Producer (IPP) of Bangladesh
and the first non Bangladesh Power Development Board (BPDB) entity to be licensed to take up
power generation. Rural Power Company Limited is registered as a public limited company under
company ACT 1913, was incorporated on 31st December, 1994 under the company laws to build,
own and operate power generation projects with business philosophy and principles. The company
was established as a Pilot Project of Private Power Generation as per ECNEC decision on 23 rd
November, 1994 to enhance the privatization in the Power sector of Bangladesh.

Rural Power Company Limited has opened a new dimension of power generation in private sector
of Bangladesh, because the 100% equity investment is mobilized locally. This is absolutely a
National Company in the private sector. This will raise the confidence of investors in the Private
Power Generation Sector.

The company was promoted by Rural Electrification Board (REB) and 5 (five) Palli Biddyut
Samities (PBSs). The company is presently generating 287 MW of electricity from its 3 (three)
Power Stations & 150MW from its BPDB-RPCL Powergen, a joint venture company of BPDB &
RPCL. Present Shareholders of the company are BREB & 13 (thirteen) PBSs. Over the years
RPCL has gained vast experience in project implementation, operation & maintenance of power
plants.