* On 23rd November 1996 BPDB formed Meghnaghat Power Company (MPC) Ltd.
* On 16th February 2004 the Meghnaghat Power Company (MPC) Ltd. has been re-named as Electricity Generation Company of Bangladesh (EGCB) Ltd. (an Enterprise of BPDB).
Electricity Generation Company of Bangladesh (EGCB) Ltd. (An Enterprise of Bangladesh Power Development Board) was incorporated with Registrar of joint stock companies on February 16, 2004 to produce and sale of Electricity. EGCB has a plan to become a leading electricity generation company across the country. Electricity generation-related business services are among the fastest growing and key area of the economy, EGCB intends to capitalize on the opportunity in that area. The company's major share is currently held by BPDB.