Baraka Power Limited

Baraka Power Limited, established in 2007 through a collaboration of local and Non-Resident Bangladeshi entrepreneurs, is a private power generating company. Initially incorporated as a Private Limited Company, it became a Public Limited Company in 2008. The company won a bid from Bangladesh Power Development Board (BPDB) to implement a 51MW power plant in Fenchugonj, Sylhet, under a 15-year Build-Own-Operate (BOO) agreement. The project secured syndicated financing of Taka 125 crore, with Infrastructure Development Company Limited (IDCOL) as the lead arranger. The power plant, commissioned in 2009, successfully listed on stock exchanges in 2011. Additionally, Baraka Patenga Power Limited, a 51% subsidiary, signed a Power Purchase Agreement (PPA) in 2011 with BPDB for a 50MW project in Patenga, Chittagong, under a BOO arrangement for a 15-year term.