Digital Power & Associates Limited
Sector: Power Generation (CCGT) • Location: Bangladesh
Source: World Bank Group
Digital Power & Associates Limited, was a SPV created by Orion Group to set up a 102 MW HFO based Independent Power Plant (IPP) on the bank of the Buriganga river at Gognagar in Narayanganj, Bangladesh. Orion received its Letter of Intent (LOI) from Bangladesh Power Development Board (BPDB) on 06 July 2011 and singed the Contract on 01.08.2012. The Power Purchase Agreement (PPA) was executed with
- Status
- Prospective
- Sector
- Power Generation (CCGT), Government, Manufacturing (Industrial), Commercial
- Location
- Bangladesh
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Digital Power & Associates Limited, was a SPV created by Orion Group to set up a 102 MW HFO based Independent Power Plant (IPP) on the bank of the Buriganga river at Gognagar in Narayanganj, Bangladesh. Orion received its Letter of Intent (LOI) from Bangladesh Power Development Board (BPDB) on 06 July 2011 and singed the Contract on 01.08.2012. The Power Purchase Agreement (PPA) was executed with BPDB on 01 August 2012. The project consisted of 12 engines of 20V32 manufactured by the globally renowned Wartsila of Finland. The estimated cost of the project was US$ 86.6mn (BDT 6766.7mn). The capital structure of the project was expected to include 70% debt and 30% equity contribution of the total estimated project cost (equity amounting BDT 2057.2 million and term loan amounting BDT 4709.5 million).The details of financial closure event could nto be ascertained. However the plant was commissioned on 8th June 2014. For records, we have thus assumed June 2014 as the financial closure date. |
Original sector | Energy |
Budget |
Location
Country | Bangladesh |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Power Generation (CCGT), Government, Manufacturing (Industrial), Commercial |
Article published date | 2024-10-01 |
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