Regent Energy Ghorasal Power Plant

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On 24th September 2012, Bangladesh Power Development Board (BPDB) signed a contract with Regent Power & Energy Limited to develop a 108 MW gas fired power plant on a 15 years build-own-and-operate basis in Ghorashal, Bangladesh. The developer, Regent Energy and Power Limited (“REPL”), was a special purpose company established in Bangladesh by Habib Group. REPL had entered into a 15 year Power Purchase Agreement (“PPA”) with BPDB, the national power generation and distribution company. The project attained financial closure in April 2014 at a debt/equity ratio of about 65/35. The total project cost was estimated at US$84 million and the proposed IFC investment was an A Loan of up to US$20.2 million.The other loan providers were Infrastructure Development Company Limited (IDCOL) with a commitment of US$ 30mn and and Bangladesh Infrastructure Financing Fund Limited (BIFFL) with US$ 5mn.