Dhaka, Tuesday, October 23, 2018 03:03 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
Unique Hotel joins consortium to invest in 600MW power plant

A consortium, led by Unique Hotel & Resorts, will set up a 600 megawatt power plant to be based on gas or re-gasified liquefied natural gas (RLNG) at Meghnaghat of Narayanganj.

The board of directors of Unique Hotel has decided to pay Tk 2.72 billion as equity in advance to Unique Meghnaghat Power Plant, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website on Sunday.

The Unique Hotel will pay the amount for advance payment of 10 per cent of contract value for engineering, procurement and construction (EPC) works to GE Global Parts & Products GmbH as per the commitment agreement for implementation of the power plant, said the disclosure.

Earlier on June 27, Unique Hotel informed that the consortium of Unique Hotel, Guayama PR Holdings BV and Strategic Finance Ltd received a letter of Intent (LoI) from Bangladesh Power Development Board (BPDB).

The sponsor and initial shareholding position of the company is Unique Hotel 65.01 per cent, Guayama PR Holdings BV with 30 per cent and Strategic Finance 4.99 per cent.

The cabinet committee on public purchase also gave go-ahead to the proposal of the consortium on May 30 this year to run the plant for 22 years on build-own-operate basis from the date of commencement of the commercial operation.

The company will set up necessary transmission lines and sub-stations at its own cost.

Each share of the Unique Hotel, which was listed on the Dhaka Stock Exchange (DSE) in 2012, closed at Tk 53.70 on Sunday, losing 1.10 per cent over the previous session.

The company disbursed 20 per cent cash dividend for the year ended on June 30, 2017.

Print Friendly and PDF

   You may also like

Category: Business
IFC invests $20m in Omera Petroleum to enhance LPG access

Category: Business
Harmonised pricing formula can boost regional power trade

Category: Business
Mitsubishi to acquire 25pc stake in Summit LNG terminal

Category: Business
Summit, Mitsubishi, GE unveil $3billion energy investment in Bangladesh

Category: Business
Tk 24,921 cr for overall development of power, energy

Category: Business
Tk 26,226.37 cr to be allocated for power, energy

Category: Business
Bangladesh needs $82 billion investment in power to be developed country

Category: Business
United Power emerges largest market cap co in power sector

Category: Business
Nasrul Hamid urges German businessmen to invest in BD
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Business Stories
IFC invests $20m in Omera Petroleum to enhance LPG access
Harmonised pricing formula can boost regional power trade
Mitsubishi to acquire 25pc stake in Summit LNG terminal
Summit, Mitsubishi, GE unveil $3billion energy investment in Bangladesh
Tk 24,921 cr for overall development of power, energy
Tk 26,226.37 cr to be allocated for power, energy
Bangladesh needs $82 billion investment in power to be developed country
United Power emerges largest market cap co in power sector
Nasrul Hamid urges German businessmen to invest in BD
ECNEC nods Tk 10,982 cr project for power transmission from Rooppur power plant


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy