11 MW power project, at Hobiganj, for the sole purpose of supplying ….
Energypac Confidence Power Venture Limited (ECPVL) is a joint venture company of Energypac Power Generation Limited (EPGL) and Confidence Cement Limited (CCL). Both EPGL and CCL have more than twenty years of business experience for setting up and operating industrial projects.
EPGL is a major player in supply, installation, commissioning and maintenance of more than cumulative 500 MW gas and diesel generators in Bangladesh. The Board of Directors of EPGL are Mr. Humayun Rashid, Mr. Rabiul Alam, Mr. Enamul Haque Chowdhury, Mr. Rezwanul Kabir and Mr. Nurul Aktar – all have proven track record in operating large power engineering companies. Mr. Rezwanul Kabir is the Managing Director of Energypac Confidence Power Venture Ltd (ECPVL).
Other sponsor of the project CCL installed the first cement factory in the private sector. It also operates a 3.3 MW captive power plant. The Board of Directors of CCL are Engr. Mr. Rezaul Karim, Mr. Imran Karim, Mr. Rupam Kishore Barua and Mr. Shah Md. Hasan – all have proven track record in operating cement factory, steel works and captive power generation.
ECPVL has signed a Power Purchase Agreement (PPA) with Rural Electrification Board (REB), Bangladesh for an 11 MW power project, at Hobiganj, Bangladesh for the sole purpose of supplying electricity to the REB for a period of 15 (fifteen) years. Apart from PPA, the company also signed Gas Supply Agreement, Land Lease Agreement and Implementation Agreement with relevant government authorities. The project is started its commercial operation in January 2009 and still operating many projects successfully. The project enjoys guarantees from the Government of Bangladesh for obligations due from the purchaser of electricity and supplier of gas.