Doreen Power Generations and Systems Limited (DPGSL) was incorporated in Bangladesh on 20th August 2007 as a private limited company. DPGSL has set up three power plants for generating and supplying 66MW electricity to Bangladesh Power Developments Board (BPDB) and Rural Electrification Board (REB) under three power purchase agreements signed by the company with BPDB for selling 22MW from Tangail plant, 22 MW from Feni plant and with REB for selling 22MW from Norsingdi plant for a period of 15 years. The Commercial Operation date (COD) of Tangail plant was 12th November, 2008, Narsingdi plant was 21st December, 2008 and 22MW Feni plant was 16th February 2009.
Doreen Power House and Technologies Limited (DPHTL) was incorporated in Bangladesh on 07th August 2007 as a private limited company. DPHTL has set up a power plant for generating and supplying 11MW electricity to Rural Electrification Board (REB) under the power purchase agreements signed by the company with REB for selling 11MW from Feni plant for a period of 15 years. The Commercial Operation date (COD) of the plant was 25th April 2009.
The Projects were financed by the World Bank through investment Promotion and Financing Facility (IPFF) and local commercial Bank. IPPF fund was BDT 196.90 million (55% of total debt) and commercial bank loan was BDT 166.30 million (45% of total debt). Balance amount of the project cost was financed by sponsor’s own sources.
The power plants were commissioned with GE Jenbacher Gas Fired Engines’. DPGSL set up three gas fired power plants each consisting of eight gas engines with 2.9 MW capacities each (engine of simple cycle gas turbine technology) with gross capacity of 23.2 MW, which is capable to safely generate 22 MW ( contracted capacity) electricity leaving a safety margin of about 5.45% in all the plants. DPHTL set up a gas fired power plant which consisting of four gas engines with 2.9 MW capacities each (engine of simple cycle gas turbine technology) with gross capacity of 11.608 MW, which is capable to safely generate 11 MW ( contracted capacity) electricity leaving a safety margin of about 5.53% in the plant.
To provide uninterrupted electricity to the vast majority of the country for their personal, social and economic development, DPGSL taken initiative to establish more power plants in other places of the country and to expand its power generation capacity by 200 MW. DOREEN’s mission is to become one of the leading power generating companies in the private sector by developing more power plants across the country.
Beliefs of DOREEN Power on sustainability have led to a company policy that emphasizes environment preservation. DOREEN Power works on projects that include green cover, reducing effluents and emission, maintaining local ecological and improving long term corporate sustainability. The principal activity of the Company is to set up power plants for generation and supply of electricity. Now the company is operating 3 plants in different location with aggregate production capacity of 66MW. Details of the plants are as follows:
Location of Plant
|Installed Capacity||Plant Capacity||
|Feni, Mohipal||11.608||11||25-Apr-09||REB||15 Years|
The company is implementing two new power plants totaling 110 MW. One plant is in Nababganj and the other one is in Manikganj with a capacity of 55 MW each. As per terms of LOI two special purpose company (SPC) namely Dhaka Southern Power Generation Limited and Dhaka Northern Power Generation Limited has already been formed. Power Purchase Agreement between two SPCs and Bangladesh Power Developments Board has been signed on 7th January 2013. Implementation Agreement with the Government of Bangladesh and Land Lease Agreement with Rural Electrification Board have been signed on the same day. Key Information of two proposed plants is as follows:
|Particulars||Manikgonj Power Plant||Nababgonj Power Plant|
|Name of the SPC||Dhaka Northern Power Generations Limited (DNPGL)||Dhaka Southern Power Generations Limited (DSPGL)|
|Project Location||Fordnagar, Singair, Manikganj(beside river)||Daulatpur, Nababganj, Dhaka (beside river)|
|Project Capacity||55 mw||55 mw|
|Fuel||HFO based power plant|
|Power Purchase Agreement Client||BPDB|
|Doreen Power Generations and Systems Ltd.|
|(DPGSL holds 75% shares of both SPC)|
|Total Project Cost||BDT 385.99 crores (approx) equivalent||BDT 370.59 crores (approx) equivalent|
|Main engine of Project||The project is built with 3 units of MAN 18V 48/60 TS engine, origin from Germany. Each engine has generating capacity of 19.3 MW. These engines are duel turbo charged and have high fuel efficiency.||The project is built with 3 units of MAN 18V 48/60 TS engine, origin from Germany. Each engine has generating capacity of 19.3 MW. These engines are duel turbo charged and have high fuel efficiency.|
|Land Lease Agreement||Own Land||Rural Electrification Board on 07 January 2013|
|Power Purchase agreement done on||7-Jan-13||7-Jan-13|
|Equipment Supply Agreement||3-Oct-13||3-Oct-13|
|Tariff||BDT 6.9898/Kwh (Tariff of both the projects are same)|
|Total Operation period||Operation will be 15 years from the date of COD (Commercial Operation Date)|