PTL Formation of a new consortium for establishing Power Plant - Share market analysis of dhaka stock exchange, Bangladesh

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04 January, 2018 10:51 AM Source: Dhaka Stock Exchange

The Company has informed that the Board of Directors has decided to restrain the involvement of the Company from PPV Energy Consortium and form a new Consortium in the name of Paramount Acron Energy Consortium consisted by 1. Paramount Textile Ltd., 2. Acron Infrastructure Services Ltd. for establishing a 200 MW HSD Fired Engine Based Power Plant on Build, Own and Operate (BOO) basis upon getting permission from the concern authority at Baghabari, Sirajgonj, Bangladesh under Bangladesh Power Development Board (BPDB). The Board has also decided that Paramount Textile Limited will act as the Lead Member and contribute about 50% of the Paid-up Share Capital in the total equity of the Consortium among the members of the consortium. The remaining 50% will be contributed by Acron infrastructure Services Ltd. as the Operating Member.


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