SPCL Subscribing 20% Equity by an associate of SPCL - Share market analysis of dhaka stock exchange, Bangladesh

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10 January, 2017 11:15 AM Source: Dhaka Stock Exchange

The Company has informed that Southern Solar Power Limited has signed a project agreement with Bangladesh Power Development Board (BPDB) for 200 MW Grid Tied Solar Park in Bangladesh on January 09, 2017. As per initial MOU, Midland Power Co. Ltd. (an association of Shajibazar Power Co. Ltd.) will be the local partner of this project by subscribing 20% Equity. After implementation and start of commercial operation of the said project, there shall have prospective impact on the profitability of SPCL.


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