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Ashuganj Power Station Company Limited

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Ashuganj Power Station Company Limited
Formation28 June 2000
HeadquartersDhaka, Bangladesh
Location
  • Meghna River Delta, Brahmanbaria District
Region served
 Bangladesh
Official language
Bengali
Managing Director
Sayeed Akram Ullah
Main organ
Ministry of Power, Energy and Mineral Resources
Parent organization
Power Division, Bangladesh Power Development Board (BPDB)
Websiteapscl.gov.bd

Ashuganj Power Station Company Limited is a state owned power company in Bangladesh. The company headquarters are located in Paltan, Dhaka, Bangladesh.[1][2] The company is under the authority of Bangladesh Power Development Board (BPDB).[3]

History

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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 BPDB, which controls 99.99% of the shares. The remaining .01% shares are owned by the Ministry of Planning, Ministry of Finance, Ministry of Power, Energy and Mineral Resources, Power Division, and Energy and Mineral Resources Division. It was created around Ashuganj Power Plant which was commissioned in 1987 and close to Titas Gas field.[4] In 2011, the company launched a new 50 megawatt power plant in Ashuganj Upazila.[5] In December 2012, the company received 193 million dollar loan from Standard Chartered Bank to set up a combined cycle power plant and 420 million dollar loan from HSBC Bank.[6][7]

In July 2017, the company signed an agreement with the China Energy Engineering Corporation, a state owned Chinese company, to construct Patuakhali Power Plant.[8] 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.[9][10] The company is constructing 1200 Megawatt power plant along the banks of Meghna River in Brahmanbaria District with TSK Spain.[11] Its plant has faced criticism as a potential risk to Hilsha fish who inhabit the region and are the National fish of Bangladesh.[12]

References

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  1. ^ "Ashuganj Power Station Company Ltd". apscl.com. Retrieved 16 January 2019.
  2. ^ "Written tests of Ashuganj Power Station Company postponed". The Daily Star. 8 September 2007. Retrieved 16 January 2019.
  3. ^ "Ashuganj Power Company runs on ad hoc basis". The Daily Star. 15 February 2009. Retrieved 16 January 2019.
  4. ^ "Ashuganj Power Station Company Ltd". apscl.com. Retrieved 16 January 2019.
  5. ^ "50 MW power plant opens at Ashuganj". The Daily Star. 18 April 2011. Retrieved 16 January 2019.
  6. ^ "StanChart signs $193m loan deal with Ashuganj Power". The Daily Star. 31 December 2012. Retrieved 16 January 2019.
  7. ^ "HSBC arranges $420m loans for Ashuganj Power Station". The Daily Star. 21 December 2012. Retrieved 16 January 2019.
  8. ^ "Govt to build three more power plants". The Daily Star. 27 February 2018. Retrieved 16 January 2019.
  9. ^ "Ashuganj Power Station moves to raise Tk 415cr thru bonds". theindependentbd.com. Retrieved 16 January 2019.
  10. ^ "APSCL moves to raise Tk 415cr through bonds". unb.com.bd. Retrieved 16 January 2019.
  11. ^ "Landing station size cut to ensure navigability". The Daily Star. 13 February 2014. Retrieved 16 January 2019.
  12. ^ "Hilsa habitats under threat". The Daily Star. 15 January 2019. Retrieved 16 January 2019.


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