PROJECT

Projects

Summary of Investment Information

Project Number

33479

Company Name

UNITED ASHUGANJ ENERGY LTD

Date SPI Disclosed

Jun 10, 2015

Country

Bangladesh

Region

South Asia

Projected Board Date

Aug 10, 2015

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Jan 19, 2016
Signed : May 17, 2016
Invested : Jan 30, 2017

Sector

Gas - Thermal Power Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

The Project consists of the development, construction, operation and maintenance of a 195MW combined cycle reciprocating gas engine power plant in Ashuganj, Brahmanbaria, Bangladesh under the Implementation Agreement (the “IA”) with the Government of Bangladesh (the “GoB)” and a 15-year Power Purchase Agreement (the “PPA”) with the Bangladesh Power Development Board (“BPDB”). It is a greenfield Project being developed by United Ashuganj Energy Ltd. (the “Borrower” or “Company”), a special purpose vehicle that was incorporated under the laws of Bangladesh.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation