Khulna Power to sell 110MW plant

Khulna Power Company Limited (KPCL) is set to sell its 110 megawatt barge mounted power plant at a value of $15 million, according to a company statement posted on the Dhaka Stock Exchange (DSE) website yesterday.
An asset purchase agreement has been signed between KPCL and Excelerate Global Operations LLC of the US to this end, it said.
The company also informed that they have applied to the Bangladesh Power Development Board (BPDB) and other concerned authorities for approval to re-export the plant (power barges) outside Bangladesh.
Stocks of KPCL dropped 0.63 per cent to Tk 31.40 at the DSE yesterday.

Source: The Daily Star