Investor Presentaiton
ANNUAL
REPORT
2018-2019
16
ANNUAL
2018-2019
REPORT
The Shareholders
UNITED MYMENSINGH POWER LTD. (UMPL) own 35.2823%, Summit Power Limited
own 17.6411%, Summit Corporation Limited own 17.0433% and 14 individual sponsor
shareholders own 0.0237% of 397,413,179 shares of Khulna Power Company Ltd. The
rest of 30.0096% shares are owned by the General Public investors.
United Mymensingh Power Ltd. (UMPL)
UMPL's power plant uses a reciprocating engine-
based technology housing 21 nos. of Wartsila 20V32E
engines, 21 nos. of Waste Heat Recovery Boilers and
2 Nos. of Steam Turbine Generators. The total installed
capacity of the plant is 218 MW out of which 13.2
MW is generated from Steam Turbine which does not
require any additional fuel for power generation.
After Khulna Power Co. Ltd. and United Ashuganj
Energy Ltd., this is the third Independent Power
Producer (IPP) and over all the ninth power plant under
the banner of United Group, the pioneers of IPP /
private sector power generation in Bangladesh.
United Mymensingh Power Ltd (UMPL) is a 200 MW HFO-
Fired Combined Cycle Modular IPP Power Plant located
at ChorJotharthopur, 3 No. Laxmirchor, Jamalpur Sadar,
Jamalpur signed agreement with Bangladesh Power
Development Board (BPDB) as the off taker. The project term
is 15 years as per the Power Purchase Agreement with BPDB.
This Fast Track Power Plant (UMPL) was commissioned
on 16 June 2018, one week ahead of required commercial
operation date and within a record time frame of 6.5 months,
by Neptune Commercial Ltd. (another concern of United
Group) acting as the EPC Contractor.
United Mymensingh Power Ltd was recognized as "The Best
Power Producer 2018 (Private Sector)" on 6th September
2018 at Power & Energy Week 2018 by the Government of
Bangladesh, through Ministry of Power, Energy & Mineral
Resources as recognition of this tremendous achievement of
the fastest implementation of a 200 MW HFO Fired Power
Plant at a remote location in Jamalpur without any river
access and more than 200 km away from Dhaka.
United Group Overview
United Enterprises & Co. Ltd., more commonly
known as United Group is the parent concern
of UMPL. The Group's diverse socio-economic
infrastructural development based portfolio spans
power generation, real & construction, port,
shipping, retail, healthcare, manufacturing and
education. The total installed power generation
capacity of United Group's stands at 1054 MW,
about 11% of the total private sector generation
of Bangladesh, with another 50 MW stages
of development in Chattogram locations of
the country, in addition to multiple gas & HFO
based projects in the pipeline. United has,
since its inception in 1978, offered a number
of pioneering solutions to address the nation's
pressing needs. Notable achievements in the
power sector includes introducing the concept
of Independent Power Plants (IPP model) by
establishing Khulna Power Company Ltd. (KPCL)
in 1998 followed by introducing the concept
of Commercial Independent Power Plants
(CIPP) by establishing two power plants in
Dhaka and Chittagong Export Processing
Zones in two consecutive years, in Dhaka and
Chittagong. The success of IPP based model
needs to no further introduction as IPP power
plants are now the most replicated structure
across the country. However, the CIPPS at
Dhaka and Chittagong EPZs have given the
nation an economic thrust by helping these
two key EPZs, along with Karnaphuli EPZ by
helping them achieve an exponential growth
in year-wise investment and export of above
100% over the period of only a decade. United
Power Generation & Distribution Company
Ltd. (UPGDCL) owns and operates the first
two CIPPS of United Group and is a public
Limited company listed with DSE and CSE.
17View entire presentation