IPO road show of Baraka Patenga Power March 28 - Share market analysis of dhaka stock exchange, Bangladesh

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13 March, 2018 10:22 AM Source: The Financial Express Bangladesh

A road show for IPO of Baraka Patenga Power Limited will be held on March 28 at International Convention Centre Bashundhara in the city.

Bangladesh Power Development Board (BPDB) earlier issued a Letter of Intent (LOI) to Baraka Patenga Power Limited and its Consortium vide a memo dated February 28, 2018 for implementing HFO fired IPP power plant having capacity of 105 MW on BOO (Build, Own, Operate) basis at Shikalbaha, Chittagong for 15 years from the Commercial Operation Date (COD). Baraka Patenga Power Limited is a 51 per cent subsidiary company of Baraka Power Limited. The required COD of the new plant is 9 months from the date of LOI, according to LankaBangla Investments Limited. 

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