Confidence Power Holdings Limited a concern of Confidence Group has signed the Power Purchase Agreement (PPA) with Bangladesh Power Development Board (BPDB) for their two HFO powered power plants based in Rangpur and Bogra.
The PPA was signed between the Secretary of BPDB Mr. Mina Masud Uzzaman and the Managing Director of Confidence Power Holdings Ltd. Mr. Khalid Islam. Dr. Ahmad Kaikaus, Secretary, Power Division, Engr. Khaled Mahmud, Chairman, BPDB, Imran Karim, Vice-Chairman of Confidence Power Holdings Ltd. along with the relevant government officials and officials of Confidence Power Holdings Ltd. were also present to grace the signing ceremony.
Subsidiaries of Confidence Power Holdings Ltd, Confidence Power Bogra Limited and Confidence Power Rangpur Limited will establish the said power plants at an estimated cost of USD 160 million with brand new European Engines from MAN and Rolls-Royce. All power projects are expected to go into commercial operation by 2018.