Troubled state-owned B-R PowerGen has proposed to implement a 400MW LNG- based power project in Mirsharai to survive as a company.
The company is in trouble due to overburdened manpower, high maintenance cost of its only power plant and declining profit due to poor demand for costly oil-fired electricity from its only 150MW Kodda power plant, official sources said.
B-R Powergen Ltd. was established in 2010 as a public limited company by equal shares of Power Development Board (PDB) and Rural Power Company Limited (RPCL) under the Power Division.
B-R PowerGen managing director Md Fakhruzzaman said the company’s profit come down significantly in FY 2018-19 due to poor demand of electricity by the National Load Dispatch Centre (NLDC) from its lone furnace oil-fired power plant. “Our profit has come down to Tk 760 million in FY 2018-19 from Tk 1.18 billion in FY 2016-17,” he informed the meeting.
