Investor Presentaiton
ANNUAL
REPORT
2018-2019
ANNUAL
REPORT
2018-2019
Message
from the
Chairman
Dear Fellow Owners
of Khulna Power
Company Limited
Assalamu Alaikum,
A very warm welcome to the 21st
Annual General Meeting of Khulna
Power Company Ltd.
It is always a pleasant experience to
meet you all during the AGM of this
company of ours. As you know, your
company has an electricity generation
capacity of 265 MW out of which a
20 years old 110 MW barge mounted
power plants is out of operation since
12 October 2018 due to expiration
of 1st extended 5 years term IPP
contract of 110 MW Barge Mounted
Power Plants. Without the 20 years
old 110 MW plant we have displayed
quite a healthy performance about
which we can all be thankful to
Almighty Allah.
Your company is the most reliable and dependable
power Generation Company operating within the
private sector power generation companies in
Bangladesh. It follows an Integrated Management
System (IMS) to maintain all its power plants,
which includes-ISO 14001: 2004-Environmental
Management System (EMS), BS OHSAS 18001:2007
- Occupational Health & Safety (OH&S). It successfully
passed the inspections and received the certificates
of accreditation for all three standards.
The GDP growth of Bangladesh has been quite
satisfactory for seven consecutive years and is
expected to grow at the rate of 7% in 2019 and
2020. Due to this, the liquidity in the market has been
increased and the reserve is in good condition, thus
leading to an expansion in the middle-income class.
This momentum of GDP growth is also increasing the
electricity demand in the country. It is definitely fulfilling
to know that your company generated 627,686 MW
of demanded electricity for the people of Bangladesh.
Dear Fellow Owners, I am also pleased to update
you that your company has earned a net income of
Tk.1,391.03 million during the financial year ended
on June 30,2019. I would like to congratulate all
our stakeholders and employees for the overall
performance of financial year ended on June 30,2019.
Dear fellow Owners, please also be updated that the
1st extended 5 years term IPP contract of 110 MW
Barge Mounted Power Plants with Bangladesh Power
Development Board (BPDB) expired on 12 October
2018, we are still pursuing the extension of the said
expired contract.
Finally, I would like to express my sincere thanks
to the fellow Directors of KPCL for their continuous
support and cooperation. The Management Team and
Staff worked very hard to take the Company forward
and bringing it to the point where we stand today. I
would like to recognize their dedicated and steady
services and convey our appreciations and thanks to
all of them.
I am thankful to our customers, regulators for allowing
us to serve them for a fast growing electricity sector in
the country.
My deepest gratitude to you, our shareholdingowners
for investing in Khulna Power Company Ltd.
Looking forward to a better future together "Ameen".
All the best wishes
Aint
Hasan Mahmood Raja
Chairman
22
22
23
23View entire presentation