Electricity Generation Company of Bangladesh Limited (EGCB Ltd) was incorporated as a Limited Company in the year 1996 and the company has passed almost two decades of its journey with the co-operation of its Shareholders. The Company is the oldest Government owned Generation Company in Bangladesh. The Company was established aiming to introduce corporate culture in power sector. So-far the Company has succeeded to reach the generation target and satisfy customer/stakeholders.
It gives me great pleasure to introduce The Annual Report for the Financial Year 2014-2015. The Annual Report reveals managerial, financial and operational status of the power plants and running/upcoming projects. Despite many challenges EGCB Ltd has completed this year with success and profit growth.
The company has successfully completed Siddhirganj 2X120 MW Peaking Power Plant Project (COD: 5-02-2012) and Haripur 412 MW Combined Cycle Power Plant project (COD: 6-04-2014). Haripur 412 MW Combined Cycle Power Plant is the largest combined cycle power plant in public sector with highest efficiency. Siddhirganj 335 MW Combined Cycle Power Plant construction project is in progress and expected to be completed early 2016. EGCB Ltd is planning to add around 3,000 MW (including around 200 MW from renewable energy) through construction of coal based power plant at Gazaria/Munshiganj Sadar, Munshiganj and at Pekua, Cox’s Bazar; wind and solar based power plant at Sonagazi, Feni. EGCB also planning to generate electricity from sewerage waste in and around Dhaka. Company’s generation capacity is growing day by day and the company is running with a vision to supply quality electricity.
I would like to express my sincere gratefulness to Her Excellency Sheikh Hasina, Honorable Prime Minister, Government of the People’s Republic of Bangladesh also Minister for Power, Energy and Mineral Resources for Her strong, dynamic and prolific leadership to the power sector. I express my thanks to the Honorable Advisor to the Prime Minister for Power, Energy and Mineral Resources Dr. Tawfiq-E-Elahi Chowdhury, BB; Honorable State Minister to Power, Energy and Mineral Resources Mr. Nasrul Hamid, MP; Former Power Secretary and Principal Secretary (Senior Secretary), Prime Minister’s Office Mr. Md. Abul Kamal Azad; and Chairman, BPDB Mr. Khandaker Maksudul Hasan for their valuable contribution to achieve the goal of the company and power sector as a whole.
I also would like to express my sincere gratitude and thanks to all the employees, respected Shareholders, Board of Directors, Power Division, Energy and Mineral Resources Division, Economic Relations Division (ERD), Finance Division, Ministry of Home, Ministry of Foreign Affairs, Planning Commission, Ministry of Commerce, Ministry of Law, Justice and parliamentary affairs, Implementation Monitoring and Evaluation Division (IMED), Bangladesh Energy Regulatory Commission (BERC), Department of Environment (DOE), Bangladesh Power Development Board, Petrobangla, Titas Gas Transmission and Distribution Company Ltd, World Bank, Asian Development Bank (ADB), Japan International Co-Operation Agency (JICA) and other relevant organizations for their sincere and whole-hearted support to the company
wish the 18th Annual General Meeting of Electricity Generation Company of Bangladesh Limited a success. May the almighty Allah helps us to prosper and to achieve our dream.