EGCB AnnualReport2019-20

ANNUAL REPORT 2020
mg¯Í miKvix Kg©Pvix‡KB Avwg Aby‡iva Kwi,

hv‡ì A‡_© Avgv‡ì msmvi P‡j Zv‡ì †mev Kiæb|
Mix‡ei Dci AZ¨vPvi Ki‡j

Avj¬vni Kv‡Q Zvi Reve w`‡Z n‡e|
mvZ †KvwU evOvwji fv‡jvevmvi Kv½vj Avwg|

Avwg me nviv‡Z cvwi, wKš‘ evsjv‡`‡ki gvby‡li
fv‡jvevmv nviv‡Z cvie bv|
ANNUAL REPORT 2020
Abbreviations used
BAS Bangladesh Accounting Standard
BERC Bangladesh Energy Regulatory Commission
BFRS Bangladesh Financial Reporting Standards
BPDB Bangladesh Power Development Board
COD Commercial Operation Date
COVID-19 Coronavirus Disease 2019
DC Deputy Commissioner
DG Director General
DPP Development Project Proposal/Proforma
EGCB Ltd. Electricity Generation Company of Bangladesh Limited
FE Foreign Exchange
GSA Gas Supply Agreement
GTCL Gas Transmission Company Ltd.
GTG Gas Turbine Generator
HFO Heavy Fuel Oil
HGPI Hot Gas Path Inspection
HRSG Heat Recovery Steam Generator
IDA International Development Agency
IEB Institute of Engineers, Bangladesh
LA Loan Agreement/Land Acquisition
LLA Land Lease Agreement
LNG Liquified Natural Gas
LTSA Long Term Service Agreement
MI Major Inspection
MkWh Million kilo Watt hour
MPEMR Ministry of Power, Energy and Mineral Resources
MW Mega Watt
NLDC National Load Dispatch Center
Nm3 Normal Cubic Meter
NOA Notification of Award
O&M Operation and Maintenance
PA Project Aid
PPA Power Purchase Agreement
PSMP Power System Master Plan
RDPP Revised Development Project Proposal/Proforma
RE Renewable Energy
TGTDCL Titas Gas Transmission & Distribution Company Ltd.
SLA Subsidiary Loan Agreement
STG Steam Turbine Generator
SDG Sustainable Development Goal
ANNUAL REPORT 2020
TABLE OF CONTENTS
NOTICE OF THE 23rd AGM 5
CHAIRMAN’S MESSAGE 6
FROM THE DESK OF MANAGING DIRECTOR 8
VISION AND MISSION 10
COMPANY INFORMATION 11
BOARD OF DIRECTORS 13
BOARD COMMITTEES 14
NAME OF CHAIRMAN AND MANAGING DIRECTORS 15
MANAGEMENT 16
DIRECTORS’ PROFILE 17
POWER PLANTS OF EGCB LTD. 23
PROJECTS OF EGCB LTD. 32
DIRECTORS’ REPORT 35
AUDITORS’ REPORT & AUDITED FINANCIAL STATEMENTS 51
EVENTS AND UPDATES
ANNUAL REPORT 2020
22nd AGM, FY 2018-2019

5 December 2019
000
ANNUAL REPORT 2020
Electricity Generation Company of Bangladesh Limited

(An Enterprise of Bangladesh Power Development Board)
Unique Heights (level-15 & 16), 117 Kazi Nazrul Islam Avenue, Eskaton Garden, Dhaka-1217
Tel: 880-2-55138633-36, Fax: 880-2-55138637, E-mail: info@egcb.com.bd , www.egcb.gov.bd
No. 27.27.2666.108.06.001.2136 Date: 02-12-2020
Notice of The 23rd Annual General Meeting

Notice is hereby given to all members of Electricity Generation Company of Bangladesh Ltd. that the 23rd
Annual General Meeting of the Company will be held on Thursday the 24th day of December 2020 at 6.00 PM
using digital platform (link: https://zoom.us/j/92680201399?pwd=SFJ2bnBpbjN4QmtlV0RiOEt1QjVEQT09)
to transact the following business:
AGENDA
1. To receive, consider and adopt the audited Accounts for the year ended 30 June 2020 and the Auditors’
Report thereon.
2. To receive, consider and adopt the Directors’ Report for the year ended 30 June 2020.
3. To declare dividend for the year ended 30 June 2020.
4. To elect Directors of the company.
5. To appoint Auditors for the Financial Year 2020-2021 and to fix their remuneration.
6. To transact any other business with the permission of the Chairman.
By order of the Board
Kazi Nazrul Islam

Company Secretary
Note:
Members entitled to attend/join and vote at the Annual General Meeting may appoint a Proxy to attend/join in
his/her stead. The Proxy Form, duly completed and stamped must be deposited at the company’s registered
office not later than 48 hours before the meeting.
05
ANNUAL REPORT 2020
06
ANNUAL REPORT 2020
It’s my immense pleasure for being informed that Electricity Generation Company of Bangladesh
Limited (EGCB) is going to convene 23rd Annual General Meeting (AGM) on 24 December 2020 at 6
pm. The company has consistently demonstrated its success on increasing electricity generation
and revenue since its inception.
The company is operating three power plants in different locations. Commencement of Steam
Turbine unit of Siddhirganj 335 MW Combined Cycle Power Plant has enhanced total power
generation capacity of EGCB to 954 MW in this year. EGCB has taken up right strategies to
diversify its primary fuel option for generating green power. The company opted to construct power
plants using renewable and LNG as primary fuel. Accordingly the company is implementing Sonagazi
50 MW Solar Power Plant Construction Project at Feni with the financial assistance from the World
Bank. The company also signed an MOU (Memorandum of Understanding) with Alfanar Company,
Saudi Arabia for development of a 100 MW Solar Power Plant at Feni. Besides, steps have been
taken to implement 100 MW Solar Power Plant and 10 MW Wind Power Plant at Feni.
On the eve of the 23rd AGM, I would be privileged for extending my sincere gratefulness to Her
Excellency Sheikh Hasina, MP, Honorable Prime Minister (HPM), Government of the People’s
Republic of Bangladesh for her visionary and charismatic leadership and pioneering role for the
development of power sector.
I would also like to extend my deep appreciation to Dr. Tawfiq-e-Elahi Chowdhury, BB Honorable
Advisor to the Prime Minister for Power, Energy and Mineral Resources Affairs; Mr. Nasrul Hamid,
MP, Honorable State Minister, Ministry of Power, Energy and Mineral Resources; Dr. Ahmad Kaikaus
Principal Secretary to the HPM and Md. Habibur Rahman, Secretary, Power Division, Ministry of
Power, Energy and Mineral Resources for their continuous support, directives and guidance to
achieve the goal of the company and the power sector as well. Honorable Directors of the Board,
Officials and Employees of EGCB deserve deep appreciation for their relentless efforts for the same.
I wish every success of 23rd Annual General Meeting of EGCB.
Engr. Sheikh Faezul Amin

Chairman, EGCB Ltd.
and
Additional Secretary, Development Wing, Power Division
Ministry of Power, Energy and Mineral Resources
07
ANNUAL REPORT 2020
Managing Director
08
ANNUAL REPORT 2020
Electricity Generation Company of Bangladesh Limited (EGCB) is holding its 23rd Annual General Meeting and
publishing the Annual Report for the financial year 2019-2020. I would like to take this opportunity to highlight few
activities of the Company.
The company has continued to attain profit during this year as well. Presently, the company owns and operates
three gas fired power plants. Of which 2x120 MW gas turbine power plant is located at Siddhirgnaj, 335 MW
Combined Cycle Power Plant also at Siddhirganj and 412 MW Combined Cycle Power Plant at Haripur. The plants
were maintained at more than 95% availability altogether during this period.
Apart from operation, the company is in the process of implementing large grid connected renewable erergy power
plant projects. EGCB is now evaluating the Bids submitted by international EPC contractors, for construction of a
50 MW Solar PV power plant at Sonagazi, Feni with financing from World Bank, Government of Bangladesh and
EGCB. Besides, EGCB is also in the process of forming joint ventures for construction of another two 100 MW Solar
PV power plants and a 10 MW wind power plant at same location in Feni. The Company has also plan to implement
550 MW combined cycle power plant and other renewable energy power plants adjacent to the same place. Process
for acquisition of around 500 acres of land is going on for this purpose. EGCB is in the last stage of acquisition
process for acquiring about 194 acres of land at Munshiganj and has a plan to implement multiple units of NG/LNG
based combined cycle power plants there. Feasibility study is going on for the planned power plant project at
Munshiganj.
I would like to convey my deep, sincere and especial gratitude to the Hon’ble Prime Minister Her Excellency Sheikh
Hasina for her visionary and dynamic approach to the power sector. I express my thanks to the Hon’ble Advisor to
the Prime Minister for Power, Energy and Mineral Resources Affairs Dr. Tawfiq-e-Elahi Chowdhury, BB and Hon’ble
State Minister, Ministry of Power, Energy and Mineral Resources Mr. Nasrul Hamid, MP for their continuous
invaluable guidance and kind support. I also convey my deep and sincere thanks to the Secretary, Power Division,
Ministry of Power, Energy and Mineral Resources for his continuous close monitoring and kind support. I express
my sincere gratitude to the Chairman, EGCB Board; Chairman of Bangladesh Power Development Board and the
Directors of the Board for their continued support and guidance.
I wish to express my deep and sincere gratitude to my colleagues and to all level of employees for their continued
support, co-operation, loyalty and dedication towards the success of the company. Especially, I would like to
express my sincere appreciation to those who have contributed in preparing this Annual Report. I firmly believe and
hope that the company will achieve excellence in the generation sector.
Arun Kumar Saha

Managing Director
EGCB Ltd.
09
ANNUAL REPORT 2020
Vision
of
EGCB Ltd.
“Generation of Quality
Electricity for the
Betterment of the Nation”
Mission
of
EGCB Ltd.
“To excel in electricity
business by generating
efficient, reliable and cost
effective electricity in an
environmentally responsible
manner to satisfy our
customers”
10
ANNUAL REPORT 2020
Company Information
Name of the Company Electricity Generation Company of Bangladesh Limited
Registered & Corporate Office Unique Heights (level-15 & 16), 117 Kazi Nazrul Islam Avenue, Eskaton Garden, Dhaka-1217
Status of the Company Public Limited Company
(ISO Certified Company)
Date of incorporation and rename Incorporated on 23-11-1996 as Meghnaghat Power Company (Pvt. Ltd.)
Meghnaghat Power Company Limited was renamed as Electricity Generation Company
of Bangladesh Limited on 16-02-2004
Company Registration date and number Registered on 23-11-1996
Registration No. C-31833(954)/96
Conversion from Private Ltd. Electricity Generation Company of Bangladesh Limited was converted from Private Ltd.
Company to Public Ltd. Company on 15-01-2009
Authorized Capital Tk. 5000,00,00,000.00
Paid up Capital Tk. 37,89,72,000.00
Number of Shares issued 3,78,972 Shares @ Taka 1,000.00 each
Equity From GOB Tk.832,75,41,875.00
Administrative Ministry Power Division
Ministry of Power, Energy & Mineral Resources
Plants in operation 1) Siddhirganj 2×120 MW Peaking Power Plant
Financed by ADB and GOB
COD: 05-02-2012
2) Haripur 412MW Combined Cycle Power Plant
Financed by JICA, GOB and EGCB Ltd.
COD: 06-04-2014
3) Siddhirganj 335 MW Combined Cycle Power Plant
Financed by WB, GOB and EGCB Ltd.
COD : 01-05-2018 (Simple Cycle)
10-09-2019 (Combined Cycle)
Running Project Sonagazi 50 MW Solar Power Plant Construction Project, Feni
Financed by WB, GOB and EGCB Ltd.
Development Partners Asian Development Bank (ADB)
The World Bank (WB)
Japan International Co-operation Agency (JICA)
Auditor A. Qasem and Co.
Chartered Accountants
Gulshan Pink City
Suites # 01-03, Level: 7, Plot# 15, Road#103
Gulshan Avenue, Dhaka-1212, Bangladesh
11
ANNUAL REPORT 2020
Legal Advisor/retainer Sheikh & Chowdhury

Barristers • Advocates
Banglar Bani Bhaban (2nd Floor),
81, Motijheel C/A, Dhaka-1000
Tax Advisor Anowar & Associates
Shah Ali Tower (10th Floor)
33, Kawran Bazar C/A, Dhaka-1215
Bankers 1) Sonali Bank Ltd.
2) Rupali Bank Ltd.
3) Agrani Bank Ltd.
4) Janata Bank Ltd.
5) Standard Chartered Bank
6) Bank Asia Ltd.
7) Premier Bank Ltd.
8) United Commercial Bank Ltd. (UCBL)
9) Export Import Bank of Bangladesh Limited (EXIM)
Trade License No. 182082 (Dhaka North City Corporation) FY 2019-2020
ETIN 722310566476
VAT Regi. No. 19111021557
BERC License No. BERC/POWER/EGCB/PSPGC-002/L/015/5066
Dated- 25 September 2017
Generation Capacity 954 MW
ISO Certificate ISO 9001:2015, ISO-14001:2015, ISO 45001:2018
12
ANNUAL REPORT 2020
Board of Directors
Chairman
Sheikh Faezul Amin
Additional Secretary
Power Division
MPEMR
Directors
Neelufar Ahmed Md. Ekhlasur Rahman
Special Assistant to Prime Minister Additional Secretary
Finance Division, MoF
Md. Belayet Hossain
Chairman, BPDB Eradul Haque
Deputy Secretary
Mohammad Hossain Power Division, MPEMR
DG, Power cell
Power Division, MPEMR Maksud Alam Dablu
Independent Director
Professor Dr. Mahmuda Akter
Executive President Mohammad Shahinur Rahman Tutul
Bangladesh Institute of Capital Market Independent Director
Abul Khayer Md. Aminur Rahman Arun Kumar Saha

Additional Secretary Managing Director
Power Division, MPEMR EGCB Ltd.
Md. Zakir Hossain

Member (Generation), BPDB
13
ANNUAL REPORT 2020
Board
Committees
A) Administrative Affairs Committee
i. Sheikh Faezul Amin Convener
ii. Neelufar Ahmed Member
iii. Md. Belayet Hossain Member
iv. Arun Kumar Saha Member
B) Procurement and Technical Committee

i. Md. Belayet Hossain Convener
ii. Mohammad Hossain Member
iii. Abul Khayer Md. Aminur Rahman Member
iv. Arun Kumar Saha Member
C) Budget and Audit Committee

i. Dr. Mahmuda Akter Convener
ii. Mohammad Hossain Member
iii. Md. Zakir Hossain Member
iv. Mohammad Shahinur Rahman Tutul Member
D) Legal and Governance Committee

i. Md. Ekhlasur Rahman Convener
ii. Md. Zakir Hossain Member
iii. Eradul Haque Member
iv. Maksud Alam Dablu Member
14
ANNUAL REPORT 2020
Names of Chairman and Managing Directors

(Since 16-02-2004)
Chairman
Sl. Name From To
1 Syed Abdul Mayeed
(Chairman, BPDB) 16-Feb-04 19-Sep-04
2 Md. Mokhlesur Rahman Khandaker
(Chairman, BPDB) 19-Sep-04 12-Dec-04
3 Khaja Golam Ahmed
(Chairman, BPDB) 12-Dec-04 7-Jul-05
4 A N H Akhter Hossain
(Chairman, BPDB) 7-Jul-05 3-May-06
5 A N M Rizwan
(Chairman, BPDB) 3-May-06 5-Dec-06
6 A N H Akhter Hossain
(Secretary, Power Division) 5-Dec-06 24-Jan-07
7 A K M Zafar Ullah Khan
(Secretary, Power Division) 24-Jan-07 27-Jun-07
8 Dr. M Fouzul Kabir Khan
(Secretary, Power Division) 27-Jun-07 12-Dec-07
9 M Abdul Aziz
(Secretary, Ministry of Agriculture) 15-Jan-08 27-Nov-08
10 Dr. Md. Nurul Amin
(Ex-Secretary, Ministry of Industries) 20-Dec-08 5-Mar-09
11 Md. Abdul Muttalib
(Ex-Member, BPDB) 5-Mar-09 4-Jan-12
12 Tapos Kumar Roy
(Addl. Secretary, Power Division) 4-Jan-12 19-Sep-12
13 Foiz Ahamed
(Addl. Secretary (Development), Power Division) 19-Sep-12 16-Jun-14
14 Monowar Islam
(Secretary, Power Division, MPEMR) 16-Jun-14 12-Feb-17
15 Dr. Ahmad Kaikaus
(Senior Secretary, Power Division, MPEMR) 12-Feb-17 12-Dec-19
16 Mohammad Alauddin
(Additional Secretary & Chairman, SREDA) 12-Dec-19 30-Nov-20
17 Sheikh Faezul Amin
(Additional Secretary, Power Division, MPEMR) 30-Nov-20 Till Date
Managing Directors
Sl. Name From To
1 Md. Delwar Hossain 09-Oct-05 24-Dec-08
2 A M M Murtaza Ali 28-Dec-08 11-Aug-10
3 Santi Ram Roy (Additional Charge) 12-Aug-10 12-Jun-11
4 Md. Mostafa Kamal 12-Jun-11 12-Jan-16
5 A. T. M. Zahirul Islam Majumder 01-Feb-16 22-Jul-17
6 A M Monsurul Alam (Additional Charge) 01-Jun-17 23-Jul-17
7 Ali Kausar Muhammad Firoz 23-Jul-17 22-Jan-19
8 Md. Matiul Islam (Additional Charge) 22-Jan-19 24-Feb-19
9 Arun Kumar Saha 24-Feb-19 Till Date
15
ANNUAL REPORT 2020
Management
Arun Kumar Saha

Managing Director
Md. Matiul Islam

Executive Director (Administration & Finance)
and Joint Secretary, GOB
Md. Nazmul Alam

Executive Director (P&D)
and
Executive Director (O&M)
(Additional Charge)
Kazi Nazrul Islam

Company Secretary
16
ANNUAL REPORT 2020
Director’s Profile
Mr. Sheikh Faezul Amin joined as Chairman of Board of Directors of Electricity Generation
Company of Bangladesh Ltd. (EGCB) on 30 November, 2020. He is also Chairman of
Administrative Affairs Committee and Project Steering Committee of EGCBL. He is also
Director of Board of Governance of Ashuganj Power Station Company Ltd (APSCL).
At present, Mr. Amin is posted in Power Division, Ministry of Power, Energy and Mineral
Resources for discharging the responsibilities of Additional Secretary, Development.
Prior to this, he worked as member of Sustainable & Renewable Energy Development
Authority (SREDA), which acts as nodal agency for the promotion and development of
sustainable energy, scaling up of renewable energy, energy efficiency and energy
Engr. Sheikh Faezul Amin conversion.
Additional Secretary, Mr. Amin was born in 1965. He did his graduation in Mechanical Engineering from
Development Wing, Power Division
MPEMR
Bangladesh University of Engineering and Technology (BUET) in 1988. He served in Roads
and Highways Department for quite a long period as Assistant Engineer/ Sub Divisional
Engineer/ Executive Engineer and many other significant key positions where he had
proved his excellence. Later Mr. Amin was moved to Ministry of Public Administration as
Deputy Secretary in September 2009.
Mr Amin is the focal point of Hon’ble Prime Minister’s commitments and directives
regarding development works of power sector. Mr. Amin is also co-chair of Joint Working
Group between Bangladesh and India, Bangladesh and Nepal for scaling up of power
trade relations as well as member of Joint Steering Committee for the same. He is also
the co-chair of Joint Energy Group between Bangladesh and Japan.
Mr. Amin, who was awarded Abul Kashem Award in 2008, also pursued his M.Sc. in
Engineering Management from Brunel University, West London, UK with excellent
academic result. He is privileged to be a part of a good number of local training/foreign
training/international seminar on abroad.
Mr. Amin, a Life Fellow as well as Professional Engineer (PEng) of Institute of Engineers
of Bangladesh, is associated with various social and officers’ clubs, organizations etc.
Ms. Neelufar Ahmed has completed both Bachelor and Master of Arts from the
Department of Geography, University of Dhaka. She has also completed M.Ed.
(Education) from the University of Dhaka and M. Phil from the Jawaharlal Nehru
University ( Delhi). She joined the public service in 1970. She worked in Prime Minister’s
office as Director General. Now Ms. Neelufar Ahmed is working as the Special Assistant
to Prime Minister with the status of a Secretary. She is a Director of Electricity
Generation Company of Bangladesh Ltd. since 07.07.2010.
Neelufar Ahmed
Special Assistant to PM
(Secretary Status)
Prime Minester’s Office
17
ANNUAL REPORT 2020
Engr. Md. Belayet Hossain, currently serving as the Chairman of Bangladesh Power
Development Board (BPDB), joined Electricity Generation Company of Bangladesh (EGCB)
Ltd. as a Director on 05 February 2020.
He was appointed as Chairman of Bangladesh Power Development Board and took over the
charge of the office on 13 February, 2020. He is the 37th Chairman of his organization.
Before joining as Chairman, he was the Member (Generation) of BPDB.
Mr. Md. Belayet Hossain was born in Madaripur on 1 February, 1963. He did his Bachelor of
Science in Mechanical Engineering from BUET in 1984.
Mr. Md. Belayet Hossain started his career in BPDB as an Assistant Engineer on 28 October,
Engr. Md. Belayet Hossain 1984. He worked at the Ghorasal 3rd & 4th Unit Extension Projects, Ghorasal Power Station,
Chairman, BPDB Siddhirganj Power Station, Tongi 80 MW Gas Turbine Power Station, Renewable Energy
Research & Development Directorate. He was the Project Director of Pre-Payment Metering
Project and Chief Engineer, Ghorashal Power Station and Chief Engineer, (P&D) in BPDB.
Moreover, he worked in lien at a gas turbine power station under the Dubai Electricity &
water Authority (DEWA).
Currently he is also the Chairman of Ashuganj Power Station Company Ltd. & United
Ashuganj Energy Ltd. and Member of the Board of Directors of Power Grid Company of
Bangladesh Ltd., North-West Power Generation Company Ltd., Bay of Bengal Power
Company Ltd., Bangladesh India Friendship Power Company Ltd., Coal Power Generation
Company Bangladesh Ltd., Nuclear Power Plant Company Bangladesh Ltd., Bangladesh
China Power Company Ltd.; Sembcorp North West Power Company Ltd., Titas Gas
Transmission & Distribution Company Ltd. and Bakhrabad Gas Distribution Company Ltd.
He visited Russia, China, USA, Singapore, Thailand, India, Italy, Germany, Netherlands,
Switzerland, France, Belgium etc. for training and professional purposes during his long career.
He is married and blessed with four offsprings.
Mr. Mohammad Hossain, for the past 31 years of his career, has been serving in different
organizations in diverse high-profile positions. He joined Power Cell as an Assistant Director in
1996. Consequently, he served as the Deputy Director and Director of Power Cell and played a
noteworthy role in enhancing the capacity of the sector. He has also played a vital role in the
development of power generation, transmission, and distribution and to prepare several acts,
rules & regulations for spearheading the power sector development. He is serving as the Director
General of Power Cell since 2013. He was the General Secretary of The Institution of Engineers
Bangladesh (IEB), Dhaka Center. In his career, he traveled to more than 30 countries around the
world for professional purposes. Mr. Hossain is a member of the Joint Steering Committee (JSC)
for Bangladesh-India and Bangladesh Nepal power sector cooperation. He is a member of the
Governing Board of the SAARC Energy Center.
Mohammad Hossain
DG, Power Cell At the same time, he was one of the members of the renewable energy D-8 Working Group and
Power Division, MPEMR member of the Steering Committee in South Asia Regional Initiative/Energy Integration (SARI/EI).
He is also a member of UN-ESCAP's energy expert group. Mr. Hossain is an alumnus of the
Harvard Business School.
Mr. Mohammad Hossain graduated from the Bangladesh University of Engineering & Technology
(BUET) and received an MBA from IBA, University of Dhaka. Later, he received a post-graduate
diploma in Institutional and Human Resource Development (IHRD) from Denmark. He took part in
various higher training in the power sector at home and abroad. He has presented papers in
various seminars, workshops at national and international levels which are highly appreciated.
Mr. Mohammad Hossain has published numerous articles in different national and international
journals and publications. He became a Director of Electricity Generation Company of Bangladesh
Ltd. on 30th October 2014.
18
ANNUAL REPORT 2020
Professor Dr. Mahmuda Akter, Executive President, Bangladesh Institute of Capital Market,
joined Electricity Generation Company of Bangladesh Ltd. (EGCB) as a Director on April 06,
2016. She is the Convener of the Budget & Audit Committee of the Company.
Dr. Akter, a Professor of the Department of Accounting and Information Systems at the Faculty of
Business Studies, University of Dhaka, obtained her M.Sc. and Ph.D. in Management Science and
Engineering in 1997 and 2000 respectively from the University of Tsukuba, Japan. An avid learner all
her life, Dr. Akter also had enviable results at her Masters, Honors, and Higher Secondary levels. She
attended number of seminars and conferences on accounting at home and abroad, published papers in
several internationally reputed refereed journals, published two books on Management Accounting,
and has written chapters in several edited books published abroad. She was the Director of the
Professor Dr. Mahmuda Akter Masters of Professional Accounting (MPA) Program of University of Dhaka. Dr. Akter served as a
Executive President Director and was the Convener of the Audit & Finance Committee for Six years. She was also the
Bangladesh Institute of Capital Market Director of BDBL Investment Services LTD. Company.
Apart from her great contributions as an academician for almost three decades, Dr. Akter
has also been a great promoter of financial sector reformation in Bangladesh. She is a
member of the Financial Reporting Council (FRC) of Bangladesh, the regulatory body for
accounting, reporting, auditing and actuarial professions in Bangladesh.
Dr. Akter is a member of the Editorial Advisory Board of the Monden Institute of Management:
Japanese Management & International Studies, Japan and Bangladesh Accounting Review,
Department of Accounting & Information Systems, University of Dhaka. She is also a member of the
Quality Assurance Board (QAB) of the Council of Institute of Chartered Accountants of Bangladesh.
Dr. Akter is an Advisor of Sonargaon University, member of the Academic Council and the
Finance Committee of Presidency University. She has been appointed as the Member of the
Selection Committee of the Banking & Insurance Department, University of Dhaka.
Abul Khayer Md. Aminur Rahman graduated from BUET in Electrical and Electronics
Engineering in the year 1987. He served as Assistant Engineer of Unifil Textile Mills Ltd.,
Narayangonj, BPI, Tongi (A pharmaceutical Company), Karnophuli Paper Mills Ltd. ( BCIC)
and Jamuna Fertilizer Factory (BCIC) during 1988 to 1993. After that ( from 01-01-1993)
he served as Assistant Commissioner in Joipurhat, Rajshahi & Rangpur Collectorate, AC
Land, Mithapukur, Ulipur, Gongachara & Charghat; UNO of Ranisankail, Debigonj, Khoksha
and Kamarkhand; ADM/ADC (Rev)/ADC (Ge) of Nilphamari, DDLG of Nilphamari and Dhaka.
From 05-05-2016 he was serving as Deputy Secretary, Power Division. On 27/11/2016 he
was promoted to Joint Secretary and worked in good gorvernance and performance
management wing. He promoted to Additional Secretary in Power Division on 26th
Abul Khayer Md. September 2020. He became a Director of the Board of EGCB Ltd. on 12th February 2017.
Aminur Rahman
Additional Secretary
Power Division, MPEMR
19
ANNUAL REPORT 2020
Engr. Md. Zakir Hossain, Member (Generation) of Bangladesh Power Development Board (BPDB) joined
in Electricity Generation Company of Bangladesh (EGCB) as a Director of the Board on 12th May 2020.
He is also a Director of the Board of B-R Power Gen and Ashuganj Power Station Company Limited
(APSCL).
Engr. Md. Zakir Hossain was born in a muslim family in the district of Chapai Nawabganj on January
19,1962. He attained S.S.C. from Ranihati M.L High School in 1977 and H.S.C. from Rajshahi Govt.
College in 1979. He completed his B.Sc. in Electrical and Electronic Engneering (EEE) from Bangladesh
University of Engineering and Technology (BUET) in 1984.
Engr. Md. Zakir Hossain joined in Bangladesh Power Development Board (BPDB) on October 28,1984
Md. Zakir Hossain as an Assistant Engineer. Afterwards he served in Ghorasal Thermal power Extension Project (3rd & 4th
Member (Generation), BPDB Unit) and Ghorasal Power Station as Assistant Engineer, Sub-Divisional Engineer and Executive
Engineer. He also served as Manager (SE) at Bera 70 MW peaking Power Plant, Ghorasal Power
Station, Ghorasal Training Center and Tongi 80 MW Gas Turbine Power Station. He worked as
Additional Chief Engineer & Chief Engineer at 210 MW Siddhirganj Thermal Power Station. Prior to
joining the current position, he served as Chief Engineer (Generation), BPDB and Member (Company
Affairs), BPDB.
He also worked in lien at Al-Taweelah Thermal Power Station, Abu Dhabi under Abu Dhabi Electricity
and Water Authority for five years.
He is a Life Fellow of Institution of Engineers, Bangladesh.
He visited Turkey, India, Ex-USSR, South Korea, Japan, USA, Austria, China for training and official purposes.
He is married and blessed with 2 (Two) sons.
Mr. Md. Ekhlasur Rahman, Addl. Secretary, Budget and Macroeconomic Wing, Finance Division,
Ministry of Finance was born in 10th Oct, 1962. He received his S.S.C from T&T High School,
Motijheel, Dhaka and H.S.C From Notre Dame College. He obtained his Graduation and Masters from
the Department of International Relations from University of Dhaka. He also obtained a Post Graduate
Diploma in International Relation and Development from Institute of Social Studies (ISS), The Hague,
and the Netherlands. Then in 2000/2001 he obtained an MBA degree from Maastricht School of
Management (MSM), the Netherlands. He joined in the Audit and Accounts Cadre in 1988 and served
in different capacities. In 2006, he joined in Finance Division as Deputy Secretary. Worked there as
Joint Secretary and presently he is working in Finance Division as Additional Secretary.
Md. Ekhlasur Rahman Mr. Rahman is the Director of Bangladesh Development Bank Ltd (BDBL) and also serving as the
Additional Secretary Chairman of Audit Committee there. He is also serving as a board member of Bangladesh Infrastructure
Finance Division, MOF Finance Fund Limited, Bangladesh Cable Shilpa Ltd, and Padma Oil Company and Container Company
Bangladesh Ltd.
Mr. Rahman attended many professional training courses specialized in Public Administration and
Public Finance Management. Some of the highlights are Advance Course on Administration and
Development from BPATC, Financial Programming and Policies, IMF Institute, Washington, D.C, USA,
Managing at the ToP (MAAT) Courses from Asian Institute of Technology (AIT) and Wolverhampton
University, UK, Negotiation Skills and Public Management from Open University, Malaysia and
Negotiation skills and Development Administration from Duke University, USA, Public Debt
Management, UNITAR, Geneva, Switzerland, Public Debt Management from Tbilisi, Georgia and
Foreign Exchange Reserve Management from South Korea.
Mr. Rahman is married to Mrs. Fahmida Islam, a Civil Servant by Profession, serving as Senior Finance
Controller (Army) and they have one daughter and one Son. He became the Director of EGCB Ltd. on
28th October 2020.
20
ANNUAL REPORT 2020
Eradul Haque is Currently working as Deputy Secretary, Power Division, Ministry of Power,
Energy and Mineral Resources, Government of Bangladesh. He joined in the BCS
(Administration) Cadre on 10th December, 2003. He completed his B.sc (Honours) And M.Sc
Degree from Dhaka University in Botany and Secured 1st class in both degree. He served in
Field Administration as well as ministry. He worked as Assistant Commissioner and
Magistrate in Rangamati Hill District. He Served as Assistant Commissioner (Land) in
Meherpur Sadar Upazila. He was Upazila Nirbahi Offecer at Rajbari Sadar Upazila and
Kaliganj upazila under Jhenaidah District. He worked as Additianal Deputy Commissioner
and Deputy Director Local Government in Faridpur District. He has been working in power
Division from January 2019 to till date as Deputy Secretary.
Eradul Haque
Deputy Secretary In his Career, he completed Service related Several training Program in home and abroad.
Power Division, MPEMR Foundation Training from BPATC, Law and Administration Traning Course, Survey and
Settlement Course, BCS Orientation Course arranged by Army Head Quarter are the major
training Programs he completed in Bangladesh. He Completed training Program for Young
leaders of Bangladesh Civil Service in Japan, Mid-Career Training Program in India,
Environmental Health and Safety training and training on Gas Turbine Introduction for Power
Plant Management in Switzerland, Advanced Project Management Training in Thailand. He
visited Japan, India, China, Switzerland, Thailand, Srilanka for Official Purpose. He became
the Director of Electricity Generation Company of Bangladesh Ltd (EGCB) on 28th October
2020.
Maksud Alam Dablu was born in a well-respected Muslim family of Sreenagar, Munshiganj.
He has obtained BSS (Hons) at 1996 and MSS in Sociology from the University of Dhaka.
Maksud has been working as an Independent Director of Electricity Generation Company of
Bangladesh Ltd. since 28th October 2020. He also served as an Independent Director at
Sylhet Gas Fields Ltd. (A company of Petrobangla) from March 2015 to October 2020.
He is a successful organizer and engaged himself in various social organization. He is acting
as Chairman of Governing Body, Bhaggakul H.L. High School and College and Chief Advisor
of Promayon University Students Forum (PSUF), a social organization of university students
of Munshiganj, Dhaka. He is also Life Member of Dhaka University Alumni Association,
Maksud Alam Dablu Dhaka University Sociology Alumni Association and Zahirul Haque Hall Alumni Association
Independent Director
and General Body Member of Dhaka University Senate.
21
ANNUAL REPORT 2020
Mohammad Shahinur Rahman Tutul was born in a dignified Muslim Family at Sarishabari
Upazila, Jamalpur District in 1980. His father Mr. Anisur Rahman is a Freedom Fighter &
was titled Bir Pratik for his outstanding contribution in the Liberation war in 1971. He has
completed his Graduation and Post Graduation from the University of Dhaka. He is the
Chairman of SSRM Agrotec Engineering Company Ltd. as well as the Vice-Chairman of
RODAP, a Non Government Organization. He has visited many countries like United Kingdom,
UAE, Singapore, Malaysia, India as well as the United States of America along with the
Honorable Prime Minister of Bangladesh to join general assembly of United Nations. He is a
successful Businessman and engaged in different social and development activities.
Mohammad Shahinur Rahman Tutul
Independent Director Mohammad Shahinur Rahman Tutul became the Director of EGCB on 28th October 2020.
Engr. Arun Kumar Saha joined Electricity Generation Company of Bangladesh Limited as
Managing Director on 24/02/2019. He was born in 1960 at Shibchar in the district of
Madaripur. He obtained Secondary School Certificate from Nanda Kumar Institution,
Shibchar, Madaripur in 1976 and Higher Secondary Examination from Dhaka College, Dhaka
in 1978. He obtained B.Sc. Engineering degree in Electrical and Electronics with first class
from Bangladesh University of Engineering and Technology (BUET) in 1983. After having
graduation from the University he joined Bangladesh Power Development Board (BPDB) as
an Assistant Engineer in January 1984. At the beginning he was posted to System Planning
Department where he worked for 8 years, and afterwards he was promoted and posted as
Sub Divisional Engineer in Central Load Despatch Centre of Bangladesh Power Development
Eng. Arun Kumar Saha Board, where he worked for 10 years.
Managing Director
Engr. Arun Kumar Saha joined Power Grid Company of Bangladesh (PGCB) as Manager,
System Planning, in 2003. He was promoted as Superintendent Engineer, Planning in the
month of February 2012. As a Superintendent Engineer, Planning, he was responsible for
National Grid Network Planning including the Development Project Planning. In February
2015 Mr. Saha was promoted as Chief Engineer and posted as Chief Engineer (Planning &
Design) where he worked for two years and was entrusted with the responsibility of all
issues related to Planning and Design activities. This includes the Grid Network
Development Planning and Design approval of development projects, Loan Negotiation with
Development Partners etc. And then he was posted as Chief Engineer (Project Monitoring)
where he joined on 16/01/2017 and took the responsibilities of project monitoring of the
ongoing projects headed by the Superintending Engineers. During the long period of his
service career he has participated a number of training programs both at home and abroad.
22
ANNUAL REPORT 2020
Power Plants of EGCB Ltd.

1) Siddhirganj 2X120 MW Peaking Power Plant
A) General Information
Sl. Item Description
1 Name of the Power Plant Siddhirganj 2x120 MW Peaking Power Plant

2 Address / Location of the Power Plant Siddhirganj, Narayanganj
3 Plant Cost Total : 12,456.33 Million Taka
4 Financed by Asian Development Bank (ADB) and GOB
5 Loan Amount USD 110 Million, Loan No. 2039-BAN, Dated 25-02-2004
6 Repayment schedule 25 years including 5 years grace period.
Interest rate is 5.0% on Foreign and Local currency
7 EPC Contractor Bharat Heavy Electricals Limited (BHEL), India.
8 COD 05 February 2012
9 Land Area of the Plant 4.17 acres at Siddhirganj, Narayanganj
10 Power Purchase Agreement (PPA) (a) PPA was signed between EGCB Ltd. & BPDB on 29-08-2011
(Effective from 05-02-2012)
(b) 1st Revision on: 25-02-2015
(c) 2nd Revision on: 31-07-2017
(d) 3rd Revision on: 21-10-2019
11 Land Lease Agreement (LLA) LLA for 4.17 acres of land was signed between EGCB Ltd.
and BPDB on 29-08-2011
12 Safety and Security Arrangements Safety and security standards are being maintained by EGCB Ltd.
The plant is under CC camera surveillance.
13 IMS Certificate Achieved on 20 May 2019
(QMS 9001:2015, EMS 14001:2015 & OH&S 45001:2018)
14 Free Governor Mode of Operation (FGMO) Implemented on 14 November 2018
15 KPI The Power Plant is within the KPI area
16 Present Status Both Units are available for operation. Total gross generation from both
units were 333.6740 Million Kilo Watt Hour in the FY 2019-2020
23
ANNUAL REPORT 2020
B) Technical Information
1 Generation Capacity 210 MW (Net)

2 Configuration 2 Gas Turbine, Simple Cycle
3 Fuel Natural Gas
4 Thermal Efficiency 31% (Approx.)
Monthly Gross Generation of Siddhirganj 2x120 MW Peaking Power Plant

(in Million kWh)
Months 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020

Jul 128.28 117.73 44.52 41.30 0.00
Aug 90.99 58.11 36.62 42.82 62.07
Sep 87.54 65.19 65.53 26.98 5.74
Oct 74.54 18.30 44.37 41.02 5.38
Nov 117.36 30.28 54.56 56.73 32.78
Dec 107.80 19.04 52.85 49.76 30.60
Jan 32.02 46.38 52.46 70.09 5.76
Feb 0.48 27.98 81.06 49.46 2.70
Mar 1.44 23.31 100.28 59.90 17.31
Apr 37.20 36.62 55.38 43.97 58.29
May 61.35 52.03 23.04 60.01 92.93
Jun 37.71 32.65 51.69 38.77 20.10
Total 776.71 527.62 662.36 580.82 333.67
24
ANNUAL REPORT 2020
Gross Generation of Siddhirganj 2x120 MW PPP

140
120
100
MkWh
80
60
40
20
0
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
2015-2016 2016-2017 2017-2018 2018-19 2019-20
Operational Ratios (FY 2019-2020)

Availability Factor 98.51%
Auxiliary consumption 3.44%
Fuel per unit generation (Nm3/kWh) (Net) 0.388
Cost of fuel per unit generation (Tk/kWh) (Net) 1.72
25
ANNUAL REPORT 2020
2) Haripur 412 MW Combined Cycle Power Plant

1 Name of the Power Plant Haripur 412 MW Combined Cycle Power Plant
2 Address / Location of Power Plant Haripur, Bandar, Narayanganj
3 Plant Cost 31,201.573 Million Taka
4 Total Loan Amount 39977 Million Japanese Yen
5 Financed by Japan International Cooperation Agency (JICA), GoB and EGCB Ltd
6 Repayment schedule 20 years including 5 years grace period. Interest rate is 2.0% on
Foreign currency & 1.5% on Local currency
7 EPC Contractor Marubeni Corporation, Japan
8 Signing of EPC Contract 09 February 2011 (Effective from 14 February, 2011)
9 Implementation Period 29 Months (as per contract)
10 COD 06 April 2014
11 EPC Contract Price USD 376 Million (approx.)
(EGCB part+ PGCB part+ REB part)
12 Contract Price of EGCB Part USD 349 Million (approx.)
13 Land Area of the Plant 8.573 acres (at Haripur, Bandar, Narayanganj)
14 Power Purchase Agreement (PPA) PPA was signed between EGCB Ltd. & BPDB on
16-09-2013.
15 Land Lease Agreement (LLA) LLA for 8.573 acres of land was signed between
EGCB Ltd. & BPDB on 29-08-2011
16 Long Term Service Agreement (LTSA) 1st LTSA for GT signed on 29 Oct 2014.
17 Long Term Service Agreement (LTSA) 2nd LTSA for GT signed on 27 May 2019.
18 Gas Supply Agreement (GSA) GSA signed with TGTDC Ltd. on 18 August 2015
19 Safety and security arrangements Safety and security standards being maintained by EGCB Ltd.
The plant is under CC camera surveillance
20 Present Status The plant is in commercial operation since 06-04-2014. Total gross generation
from the Plant was 2924.82 Million Kilo Watt Hour in the FY 2019-20.
Clarifier of Water Treatment Plant Control Room
26
ANNUAL REPORT 2020
1 Generation capacity 409 MW (Net)

2 Configuration 1 GTG: 1 HRSG: 1 STG
3 Fuel Natural Gas
4 Major components of the Plant GT: 279 MW, MHI701F4, Japan
GTG: 412 MVA, 19 KV, MELCO, Japan
ST: 149 MW, Fuji, Japan
STG:195 MVA, 13.80KV, Fuji, Japan
GBC: MAN-TURBO, Germany
HRSG: Horizontal type, DOOSAN HI, Korea
Unit Transformer: 570 MVA, ABB. India
5 Thermal Efficiency 56% (Approximately- Combined Cycle)
27
ANNUAL REPORT 2020
Monthly Gross Generation of Haripur 412 MW CCPP

(in Million kWh)
Months 2015-16 2016-17 2017-18 2018-19 2019-20

Jul 0.00 225.82 136.65 253.18 247.86
Aug 0.00 262.69 291.74 284.41 275.42
Sep 0.00 126.36 292.78 268.44 246.15
Oct 0.00 225.32 299.41 161.09 276.28
Nov 0.00 279.29 268.48 93.09 250.42
Dec 0.00 277.11 291.78 258.56 263.67
Jan 15.04 276.85 291.67 279.14 245.24
Feb 181.47 262.69 214.24 236.93 255.04
Mar 236.00 241.91 289.72 275.81 269.40
Apr 307.33 261.57 263.03 223.13 228.44
May 298.45 281.98 255.74 255.10 263.48
Jun 254.39 269.54 259.94 253.79 103.43
Total 1292.68 2991.13 3155.18 2842.66 2924.82
Monthly Gross Generation of Haripur 412 MW CCPP in MkWh
Gross Generation of Haripur 412 MW CCPP

350
300
250
200
MkWh
150
100
50
0
2015-16 2016-17 2017-18 2018-19 2019-20

Fuel per unit generation (Nm /kWh)
3
0.1788
Cost of fuel per unit generation (Tk/kWh) 0.8192
28
ANNUAL REPORT 2020
3. Siddhirganj 335 MW Combined Cycle Power Plant

1 Name of the Power Plant Siddhirganj 335 MW Combined Cycle Power Plant
2 Address / Location of Power Plant Siddhirganj, Narayanganj
3 Plant Cost 39,712.919 Million Taka
4 Financed by World Bank, GOB and EGCB Ltd.
5 Total Loan Amount USD total 403.60 Million from WB:

a) The fund for EGCB under IDA credit no. 4508-BD for the project
is USD 226.89 Million
b) The fund for EGCB under IDA credit no. 5737- BD for the project
is USD 176.71 Million
6 Repayment schedule 20 years including 5 years grace period. Interest rate is 4.0%
Foreign currency & 3.0% on Local currency
7 EPC Contractor JV of Isolux Ingenieria S.A, Spain and Samsung C & T Corporation,
Korea, replaced by Samsung C & T Corporation, Korea as the sole Contractor
8 Signing of EPC Contract 28 May 2012 (Effective from 27 September 2012) with JV of
Isolux Ingenieria S.A, Spain and Samsung C & T Corporation, Korea.
9 Signing of EPC Contract Amendment Agreement 13 September 2017 with Samsung C & T Corporation, Korea
10 Signing of Supplemental Agreement Signed on 13 September 2017 between EGCB Ltd, Samsung C & T
Corporation, Korea and Isolux Ingenieria S.A, Spain
11 Implementation Period January 2009 to June 2020
12 COD Simple Cycle: 01 May 2018

Combined Cycle: 10 September 2019
13 EPC Contract Price USD 327.94 Million (approx.)
14 Land Area of the Plant 9.24 Acres (Siddhirganj, Narayanganj)
15 Power Purchase Agreement (PPA) 1. Provisional Power Purchase Agreement was signed between EGCB Ltd.
and BPDB on 16 Sept 2013
2. Power Purchase Agreement was signed between EGCB Ltd.
and BPDB on 02 Sept 2020
16 Land Lease Agreement (LLA) Provisional Land Lease Agreement (LLA) for 9.24 acres of land was
signed between EGCB Ltd. and BPDB on 27 Jul 2011
29
ANNUAL REPORT 2020
17 Long Term Service Agreement (LTSA) (1) Parts Supply and Repair Work Agreement signed between EGCB Ltd.
and GE Energy Parts Inc. and
(2) Maintenance Service Agreement signed between EGCB Ltd.
& GE International Inc.
18 Gas Supply Agreement (GSA) Gas Supply Agreement between EGCB and TGTDCL was signed on
18 Aug 2015
19 Safety and security arrangements Safety and security standards being maintained by EGCB Ltd.
The plant is under CC camera surveillance.
20 Present Status The plant is in commercial operation in Combined Cycle mode since
10-09-2020. Total gross generation from the Plant was 989.02 Million
Kilo Watt Hour in the FY 2019-20.
1 Generation Capacity 335 MW (Net)

2 Configuration 1 GTG: 1 HRSG: 1 STG
3 Fuel Natural Gas.
4 Major components of the Plant GT: 217 MW (Net); GE, USA
GTG: 332 MVA; GE, USA.
ST: 118 MW (Net); GE, USA
STG: 169 MVA; GE, USA
GBC : Cameron, USA
HRSG : CMI, Belgium
GT Step-up Transformer: 230/15 KV, 305 MVA; ABB, Poland
ST Step-up Transformer: 230/14.5 KV, 170 MVA; ABB, Poland
5 Thermal Efficiency 54.00% (Approximately- Combined Cycle)
30
ANNUAL REPORT 2020
Monthly Gross Generation of Siddhirganj 335 MW Combined

Cycle Power Plant
(in Million kWh)
Months 2017-2018 2018-2019 2019-2020

Jul 43.02 18.91
Aug 137.77 20.25
Sep 90.49 78.54
Oct 68.29 85.28
Nov 66.57 92.49
Dec 65.45 209.37
Jan 98.97 163.70
Feb 46.88 29.13
Mar 39.14 9.87
Apr 38.70 104.67
May 124.75 26.01 21.66
Jun 117.34 53.09 155.13
Total 242.09 774.37 989.02
Gross Generation of Siddhirganj 335 MW CCPP

250
200
150
MkWh
100
50
0
2017-2018 2018-2019 2019-2020

Fuel per unit generation (Nm3/kWh) 0.2250
Cost of fuel per unit generation (Tk/kWh) 1.0572
31
ANNUAL REPORT 2020
Projects of EGCB Ltd.

Sonagazi 50 MW Solar Power Plant Construction Project
Period 01 July 2019 to 30 June 2021 (As per approved DPP)
Project Cost (in Lac Taka) Total 74,676.23 [PA (WB) - 62,100.68, GOB - 8,754.25 & Own Fund - 3,821.30]
DPP DPP approved by ECNEC on 07 November 2018
Loan Agreement • Loan Agreement with World Bank was signed on 29 August 2019 ( No. 6363-BD)
• Subsidiary Loan Agreement was signed with GOB on 26 November 2019
• WB Loan became effective on 08 December 2019
Status Ongoing
Activities • EGCB acquired 999.65 acres of land at Sonagazi upazilla under Feni district
• Approximately 210 acres of land will be used for implementation of the Project
• Bids invited from International Bidders on 10 December 2019 for engaging EPC Contractor for the Project
• Evaluation of the received Bids are in progress
• Owner’s Engineer selection in progress
• CEGIS conducted Route Survey, IEE, ESIA & RAP of Transmission Line and submitted Final Report
• As part of RAP Implementation “Training for income and livelihood assistance of sharecroppers
and vulnerable households including seeds and equipment’s for livelihood restoration” has been completed
• Contract signed with two individual consultants (International Procurement Consultant and
International Technical Consultant) for assisting in OE and EPC Selection Process
Sonagazi site
32
ANNUAL REPORT 2020
Future Development Plan

To meet the future demand of electricity of Bangladesh at affordable cost with minimum environmental impact, the Company has
drawn a long-term technology-oriented roadmap. Solar Power is becoming a key part of the solutions for power generation. There is
a strong potential for solar energy within the country especially in Feni area. EGCB is going to implement 350 MW Grid Connected
Photovoltaic Solar Power Plant Project and 20 MW Grid Connected Wind Power Plant Project at Sonagazi, Feni. EGCB has also
planned to implement several gas based Combined Cycle Power Plant Projects at Feni and Munshiganj for ensuring reliable supply of
electricity.
Expected
Sl. Capacity
Name of the Project Fuel Commissioning Remarks
No. (MW) Time
01. Sonagazi 100 MW Solar 100 Solar 2023  Land acquisition completed
Power Plant Project-1, Feni.  MoU has been signed with
Alfanar, Saudi Arabia for Joint
Venture
 Feasibility Study finalization
work is going on by Alfanar
 Tariff Proposal preparation
in process
02. Sonagazi 100 MW Solar 100 Solar 2023  Land acquisition completed
Power Plant Project-2, Feni.  Joint Venture Partner has been
selected
 Darft MOU with Marubeni
Corporation, Japan is in final
stage of approval
03. Sonagazi 10 MW Wind 10 Wind 2024  Land acquisition completed
Power Plant Project, Feni.  The project will be developed
observing success of the similar
nearby projects
04. Sonagazi 100 MW Solar 100 Solar 2025  Land acquisition is in process
Power Plant Project, Feni.  DPP for Land Acquisition in
progress
05. Sonagazi 10 MW Wind 10 Wind 2025  Land acquisition is in process
Power Plant Project, Feni.  DPP for Land Acquisition is in
the process of approval
06. Munshiganj 660 MW 660 Natural Gas/ 2030  Land acquisition completed
Combined Cycle Power LNG  DPP for Land Development is
Plant Project (1st Phase). in the process of approval
 Feasibility study is going on
07. Munshiganj 660 MW 660 Natural Gas/ 2031  Land acquisition completed
Combined Cycle Power LNG  DPP for Land Development
Plant Project (2nd Phase). in the process of approval
 Feasibility study going on
08. Sonagazi, Feni 500-600 MW 550 Natural 2028  Land acquisition in process
CCPP (1st Unit). Gas/LNG  DPP for Land Acquisition in
CCPP (2nd Unit). Gas/LNG  DPP for Land Acquisition in
33
ANNUAL REPORT 2020
Sl. Expected
Name of the Project Capacity Fuel Commissioning Remarks
No. (MW) Time
CCPP (3rd Unit). Gas/LNG  DPP for Land Acquisition in
CCPP (4th Unit). Gas/LNG  DPP for Land Acquisition in
12. Large Solar Power Plant 500 Solar 2030  Land searching is going on
Project in New Area.
Total 4340
Land demarcation in Munshiganj project site
34
ANNUAL REPORT 2020
35
ANNUAL REPORT 2020
Honorable Shareholders,
The Board of Electricity Generation Company of Bangladesh Limited (EGCB) is pleased to present the Directors’ Report,
Auditor’s Report and the audited Financial Statements for the year ended 30 June 2020.
1. Operating Performance
In the FY 2019-20, EGCB generated 4247.51 MkWh of electricity through its three power plants:
 Siddhirganj 2x120 MW Peaking Power Plant (First Power Plant of EGCB) started commercial operation on 05 February 2012.
 Haripur 412 MW Combined Cycle Power Plant (Second Power Plant of EGCB) started commercial operation on 06 April 2014.
 Siddhirganj 335 MW Combined Cycle Power Plant (Third Power Plant of EGCB) started commercial operation of simple cycle
on 01 May 2018 and inclusion of Steam Turbine of Siddhirganj 335 MW CCPP on 10 September 2019 has enhanced power
generation capacity of EGCB to 954 MW.
Plant-wise Net Generation Capacity:

Sl Plants Generation Capacity (MW)
1 Siddhirganj 2x120 MW PPP 210
2 Haripur 412 MW CCPP 409
3 Siddhirganj 335 MW CCPP 335
Total 954
Month-wise net electricity generation: Figures in Million kilo Watt hour (MkWh)
Months 2015-16 2016-17 2017-18 2018-19 2019-20
Jul . 128.28 343.55 181.17 321.66 266.77
Aug 90.99 320.80 328.36 440.66 357.75
Sep 87.54 191.55 358.31 369.69 330.42
Oct 74.54 243.62 343.78 258.86 366.94
Nov 117.36 309.57 323.04 207.01 375.69
Dec 107.80 296.15 344.63 356.15 503.64
Jan 47.06 323.23 344.13 426.38 414.71
Feb 181.95 290.67 295.30 318.20 286.87
Mar 237.44 265.22 390.00 358.10 296.58
Apr 344.53 298.19 318.41 290.99 391.39
May 359.80 334.01 403.53 325.07 378.07
Jun 292.10 302.19 428.97 328.79 278.67
Total 2069.39 3518.75 4059.63 4001.56 4247.51
1.1 Operational Power Plants

EGCB is committed to produce quality electricity at least cost principle. The Company is successfully operating the
following three power plants:
1.1.1 Siddhirganj 2×120 MW Peaking Power Plant

Siddhirganj 2x120 MW PPP, first Power Plant of EGCB, started commercial operation on 05 February 2012. Availability
factor of the plant was 98.51% in FY 2019-20. The plant has been running in Free Governor Mode of Operation (FGMO)
36
ANNUAL REPORT 2020
since November 2018. Total electricity generated from the plant was 333.67 MkWh with auxiliary consumption of 3.41%
and net efficiency of 25.03%.
1.1.2 Haripur 412 MW Combined Cycle Power Plant
Haripur 412 MW CCPP is one of the largest CCPPs of Bangladesh. This power plant came into commercial operation on 06
April 2014. Availability factor of the plant was 93.01% in FY 2019-20. The plant has been running in FGMO since April
2018. Total generation of electricity from the plant was 2924.82 MkWh with auxiliary consumption of 4.17% and net
efficiency of 52.08%.
1.1.3 Siddhirganj 335 MW Combined Cycle Power Plant
Among the operational plants of EGCB, Siddhirganj 335 MW CCPP is the latest one. Commercial operation of its Simple
Cycle commenced on 01 May 2018 and the Combined Cycle started operating commercially on 10 September 2019.
Availability factor of the plant was 80.95% in FY 2019-20. Due to some commissioning and synchronizing activities of
combined cycle operation the unit needed to shut down several times resulting lower availability. The plant has been running
in FGMO since August 2020. Total electricity generated from the plant was 989.02 MkWh with auxiliary consumption of
4.44% and net efficiency of 37.036%.
2. Financial Performance
With the passage of time, growth of EGCB is on rise and financial activities are expanding gradually. Compared to the last
year, financial indicators of this year are more favorable. Addition of steam turbine of Siddhirganj 335 MW CCPP into
commercial operation has enhanced the revenue and profit.
Operational performance and financial growth of last five years are shown in the following table:
(Figures in BDT Crore)
Particulars FY FY FY FY FY
2015-16 2016-17 2017-18 2018-19 2019-20
Profitability Growth
Sales Revenue 401.83 678.26 834.03 935.30 1178.62
Growth -22.71% 68.79% 22.97% 12.14% 26.02%
Cost of Sales 399.21 523.43 595.44 698.16 885.42
Growth 1.84% 31.12% 13.76% 17.25% 26.82%
Gross Profit 2.62 154.83 238.59 237.14 293.20
Growth -97.95% 5809.54% 54.10% -0.61% 23.64%
Net Profit/(Loss) -18.31 59.28 175.02 181.63 243.91
Growth -130.49% 423.76% 195.24% 3.78% 34.29%
Financial Growth
Current Assets 1185.6 1465.73 1648.54 1872.07 1689.25
Growth 42.27% 23.63% 12.47% 13.56% -9.77%
Non-Current Assets 6009.32 6328.42 6567.99 6582.49 6705.60
Growth 12.09% 5.31% 3.79% 0.22% 1.87%
Total Assets 7194.92 7794.15 8216.53 8454.56 8394.85
Growth 16.15% 8.33% 5.42% 2.90% -0.71%
Net Assets 1039.5 1421.76 1357.1 1498.02 1613.62
Growth -0.93% 36.77% -4.55% 10.38% 7.72%
Non-Current Liabilities 5179.93 5182.47 5590.22 5600.03 5603.63
Growth 19.65% 0.05% 7.87% 0.18% 0.06%
Current Liabilities & Provisions 975.49 1189.93 1269.2 1356.51 1177.60
Growth 19.51% 21.98% 6.66% 6.88% -13.19%
Total External Debt 6155.42 6372.40 6859.42 6956.54 6781.23
Growth 19.63% 3.53% 7.64% 1.42% -2.52%
37
ANNUAL REPORT 2020
Financial Structure
Last 5 Years Financial Performance
9000 Total
1400
Assets
1200 8000
Sales 7000
1000 Equity
6000
BDT Crore
800 Cost of
BDT Crore
sales 5000 Total
600
Gross 4000 External
400 Profit Debt
3000
200 Net
Profit 2000
0 1000
-200 2015 -16 2016 -17 2017 -18 2018 -19 2019 -20
0
Financial Years 2015 -16 2016 -17 2017 -18 2018 -19 2019 -20
Financial Years
Asset Equity and Liabilities

8000 6000
5000
6000
BDT Crore
BDT Crore
4000
4000 3000
2000
2000 1000
0 0
2015 -16 2016 -17 2017 -18 2018 -19 2019 -20 2015-16 2016-17 2017-18 2018-19 2019-20
Financial Years
Financial Years
Equity Non-Current Liabili�es Current Liabili�es & Provisions
Current Assets Non -Current Assets
Asset Composition Equity and Liabilities Composition

20% Equity
14% 19%
Non-Current Libilities
Current Assets
80% Current Liabilities
Non-Current Assets & Provisions
67%
FY 2019-2020 FY 2019-2020
38
ANNUAL REPORT 2020
Major financial performance indicators (from 2015-16 to 2019-20) are stated below:
Units of FY FY FY FY FY
Particulars Name of The Indicators Measure
ment 2015 -16 2016-17 2017-18 2018-19 2019-20
1 Current Ratio Ratio 1.22:1 1.23:1 1.3:1 1.38:1 1.43:1

Liquidity
2 Quick Ratio Ratio 1.19:1 1.21:1 1.26:1 1.17:1 1.19:1
Debt Coverage
3 Ratio 1.21:1 1.28:1 1.52:1 1.30:1 1.32:1
Service Ratio
4 Debt -Equity Ratio:
Financial
Structure/ (i) Long Term Debt
Leverage 4.98:1 3.65:1 4.12:1 3.74:1 3.47:1
to Equity Ratio Ratio
(ii)Total Externel Ratio 5.92 4.48 5.05 4.64:1 4.20:1
Liabilities to Equity
5 Gross Profit Ratio % 0.65% 22.83% 28.61% 25.35% 24.88%

Operating Profit
% (2.89%) 20.07% 25.26% 22.94% 22.90%
6 Ratio
Profitability 7 Net Profit Ratio % (4.56%) 8.74% 20.98% 19.42% 20.69%
8 Return on Equity % (3.70%) 8.19% 12.90% 12.12% 15.12%
9 Return on Total % (0.42%) 1.24% 2.13% 2.15% 2.91%

Assets
A/R Turnover Ratio
10 Times 1.67 2.88 3.06 2.68 3.26
(times)
Activity
11 A/R Velocity
In Months 7.18 4.16 3.92 4.48 3.68
(months)
3. Dividend
Taking the current liquidity position in consideration and bearing the future expansion plan in mind, the Board of Directors
has unanimously recommended cash dividend of Tk. 12 (Twelve) crore against 3,78,965 shares (face value of each share
Tk. 1,000) of Bangladesh Power Development Board (BPDB) from the profit of the Company for the FY 2019-20 subject to
the approval of the shareholders in the Annual General Meeting. Shareholders (7 shareholder having 1 share each) other than
BPDB agreed at the Board Meeting not to receive any dividend.
4. Development Activities
Despite the Covid-19 pandemic, EGCB has expanded its horizons and has drawn up plans to develop into a fuel-diversified
Power Generation Company having presence in all types of conventional and non-conventional source of energy. EGCB’s
current development activities can be summarized as follows:
4.1 Upcoming Renewable Energy Projects

Following Renewable Energy Policy of Bangladesh, EGCB is striving to achieve the target of generating 10% of total
electricity from renewable energy sources and to achieve Nationally Determined Contribution (NDC) target for tackling
Green House Gas (GHG) emissions and adapting unavoidable climate changes. Keeping the above policies and targets in
mind, EGCB has undertaken plan to implement following power generation projects of total 260 MW capacity from
renewable energy at 999.65 acres of acquired land at Sonagazi Upazilla under Feni District.
39
ANNUAL REPORT 2020
a) Sonagazi 50 MW Solar Power Plant Construction Project
 Required land has been allocated for this project.
 DPP of the project was approved by ECNEC on 07 November 2018.
 The Project is financed by The World Bank, GOB and EGCB with total project cost of BDT 7,467.62 Million (as per approved DPP).
 Loan Agreement with World Bank was signed on 29 August 2019.
 Bidding process for engaging EPC Contractor is going on.
 Engagement of Owners Engineer is at final stage.
b) Feni 100 MW Solar Power Plant Project-1

 Land acquisition has been completed.
 MOU was signed on 7 March 2019 with Alfanar Company, Kingdom of Saudi Arabia to develop the project forming Joint Venture Company.
 Draft Feasibility Study Report was submitted by TATA Consulting Engineers Ltd., India to Alfanar.
 Finalization of Feasibility Study is going on.
c) Feni 100 MW Solar Power Plant Project-2

 Approval for signing MOU to develop the project forming Joint Venture with selected JV Partner Marubeni Corporation,
Japan is under process.
d) Feni 10 MW Wind Power Plant Project

 Initial plan was to develop the project through Joint Venture, but due to less capacity (10MW), parties regretted to be JV partner.
 EGCB will develop the project observing success of the similar nearby projects.
 EGCB is collecting wind resource data at that area.
4.2 Upcoming Combined Cycle Power Plant Projects

The following combined cycle power generation projects have been planned by EGCB to meet countrywide growing demand
of electricity and ensure sustainable supply of electricity:
SL. Name of the Project and location Fuel Generation Expected

No Capacity (MW) Commissioning
Year
1 Sonagazi 500-600 MW Combined Cycle Natural Gas/LNG 550 2028
Power Plant (1st Unit)
2 Munshiganj 660 MW CCPP Project, Natural Gas/LNG 660 2032
Munshiganj (Phase-1)
3 Sonagazi 500-600 MW Combined Cycle Natural Gas/LNG 550 2036
Power Plant (2nd Unit)
Progress of upcoming combined cycle power generation projects is mentioned below –

1. Sonagazi 500-600 MW Combined Cycle Power Plant (1st and 2nd Unit)
 Required land can be accommodated from the acquired land at Sonagazi, Feni, moreover additional land acquisition is in process.
 Feasibility study completed.
40
ANNUAL REPORT 2020
2. Munshiganj 660 MW CCPP Project, Munshiganj (Phase-1)
 Land acquisition is at final stage.
 DPP for land development is in the process of approval.
 Feasibility study is going on.
Contract signing for feasibility study of Munshiganj project
5. Achievements and Challenges

5.1 Achievements
5.1.1 Enterprise Resource Planning and Enterprise Asset Management Implementation
 EGCB adopted seven modules of Enterprise Resource Planning (ERP) & Enterprise Asset Management (EAM).
 Go-live of ERP and EAM completed on 11 September 2019.
 EGCB is the pioneer to implement ERP & EAM in power sector of Bangladesh.
5.1.2 Siddhirganj 2x120 MW PPP

 Contract for extension of LTSA of the GT portion of Siddhirganj 2x120 MW PPP with BGGTS, India signed on 05 November 2019.
5.1.3 Siddhirganj 335 MW CCPP

 Power Purchase Agreement (PPA) signed on 02 September 2020.
 Reliability Test Run of the plant completed on 24 September 2019.
 Performance Test of the plant completed on 26 September 2019.
 Combined Cycle started commercial operation on 10 September 2019.
 LTSA amendment signed on 19 November 2020.
5.1.4 Introduction of FGMO in Operational Power Plants

 Haripur 412 MW CCPP, Siddhirganj 2x120 MW PPP and Siddhirganj 335 MW CCPP are running in FGMO from April
2018, November 2018 and August 2020 respectively for Power System Stability requirement of NLDC and BPDB.
41
ANNUAL REPORT 2020
5.1.5 Land Acquisition Project at Munshiganj
 Value of land acquisition deposited in DC office, Munshiganj. Land handover by DC office is in process.
 Contract for conducting feasibility study signed on 08 January 2020 and feasibility study is going on.
 Contract for land demarcation signed on 14 September 2020.
5.2 Challenges
As a power generation entity EGCB is facing the following challenges:
a) Indigenous Natural Gas is the fuel of Haripur 412 MW CCPP. The Plant supplies quality electricity to National Grid at lower
cost. But due to excessive dust particles in Gas supplied by Titas, the Plant goes through frequent shut down and needs
frequent change and cleaning of Seal Gas Filter of Fuel Gas Compressor. Due to these frequent shut down, there is a high
risk of permanent damage of different expensive equipment of the Plant. Hence, supply of electricity at lower cost would
not be possible which may lead to huge financial loss of EGCB.
b) Although both the units of Siddhirganj 2x120 MW Peaking Power Plant are capable of generating power at full load and
ready to dispatch power, but due to unavailability of gas, the plant cannot operate at higher Plant Load Factor (PLF).
c) Procurement of Spares and Inspecting Services from Original Equipment Manufacturer (OEM)/ single supplier may lead to
excessive O & M cost.
d) Haripur 412 MW CCPP and Siddhirganj 335 MW CCPP are located in the bank of Sitalakhya river. Water for cooling and
production of steam is pumped from the river throughout the year. But during winter, water condition of Sitalakhya gets
worse resulting huge chemical use for the treatment of water. Operation of Steam Turbine through handling the situation
is very critical and costly.
e) EGCB adopted seven modules of ERP & EAM system. Users of different level are getting conversant with this new system.
Being new users, different issues observed during design and operation phase, are being simultaneously solved for having
effective ERP & EAM system.
6. COVID-19 Pandemic
The coronavirus (COVID-19) pandemic emerged in late 2019. The virus was confirmed to have spread in Bangladesh on 8
March 2020. Since then, the pandemic is spreading day by day over the whole nation and the number of affected people is
increasing. In order to protect the people, the government declared "lockdown" throughout the country from 27 March to
30 May and took necessary steps to create awareness. Infections remained low until the end of March 2020 but a steep
rise occurred in April. Health, law enforcing agency, energy, water and other emergency services were kept outside the rules
of lockdown.
EGCB being an emergency service providing company had faced the challenge of working under the threat of COVID-19
infection. Summary of COVID-19 infection till 30-11-2020 in EGCB is as follows:
Date of Number of identified Number of patients Number of Number of Number of

Report patients under patients in patients died
COVID-19 patients recovered after being quarantine
infected treatment in
hospital
30/11/2020 22 19 00 3 00
42
ANNUAL REPORT 2020
Disinfecting for COVID-19
7. Risk Management
There are a number of uncertainties in the business of electricity. As the risks emerge from uncertainty, all the risks
associated with the business cannot be eliminated. However, the company management is very vigilant to manage the risk to
the best of ability. Accident, natural calamities, gas supply, foreign currency fluctuation, river water pollution and
environmental issues are the main sources of risk. Utilizing latest technology, taking insurance policy and maintaining
standard procedures, EGCB is minimizing the potential risks. The management regularly reviews and evaluates the overall risk
management system.
8. Diversity and equal opportunity

EGCB is practicing wide range of diversity in every section. EGCB is zero tolerant with gender, color, cast, religion and ethnic
discrimination. EGCB pays equal consideration to all at the time of recruitment and any appointment. EGCB’s belief in diversity
is reflected in the composition of its board. Twelve directors of EGCB’s Board are from different academic and professional
background with diverse knowledge and experience.
9. Innovation
Innovation and innovative ideas are always welcomed and encouraged in the company. With the passage of time many innovative
ideas have been implemented in the plant operation and office work. Best innovators are motivated through incentives and/or
awards. There is an innovation committee at EGCB. The committee regularly meets and analyzes innovative ideas placed to them
and best ideas are applied in practice. Innovation Committee keeps the innovative works under constant supervision.
43
ANNUAL REPORT 2020
10. Human Resource Management (HRM)
Human Resource Management (HRM) division is headed by a General Manager with adequate personnel. Company’s
administrative activity is also done by this division. HRM division’s utmost duty is to engage/recruit right person for the right
position and enhance capacity of the employees. Activity of HRM basically encompasses recruitment, promotion,
performance evaluation, training etc. Apart from the above, welfare of the employees is also taken care of by this division.
10.1 Recruitment and employee information

With a view to ensuring smooth operation of the plants, projects and the Company as a whole, EGCB deploys skilled man
power. In the FY 2019-20, the Company has recruited 41 employees at different levels. Recruitment and employee related
information for the last 5 years is shown below:
Year
Employee status
2015-16 2016-17 2017-18 2018-19 2019-20
Number of employees recruited 24 38 24 2 41
Number of employees retired 2 2 2 6 3
Number of employees resigned 7 2 3 6 7
Number of employees dismissed 7 - 1 0 1
Number of employees promoted 17 40 30 53 51
Number of employees at the end of FY 332 366 384 374 404
(Including casual)
10.2 Training and Development
EGCB has articulated a need based and profession-oriented training manual containing 65 technical and non-technical
courses. These training programs are contributing in the area of capacity building and performance improvement of the
employees. During this period against the target of 60 hours training for every employee, 53.70 hours were achieved. The
target could not be achieved due to Covid-19. The training history of the last 5 years is as follows:
Year
Training Status
2015-16 2016-17 2017-18 2018-19 2019-20
Foreign training (Number of employees) 5 44 76 90 28
Foreign training (Man-hour) 1040 2568 4872 6708 1824
Local training (Number of employees) 261 357 368 366 407
Local training (Man-hour) 27509.5 25901 26287 24259 19926
Achievement 98.44 78.43 81.57 83.69 53.70
11. Insurance
11.1 Employee insurance
Group Insurance policies covering death or partial/full disabilities risk is in force for all permanent employees of EGCB. Group
insurance coverage has been taken from government owned Jiban Bima Corporation. During this period, two employees died
and their family got full insurance benefit duly from Jiban Bima Corporation.
11.2 Plant insurance

Siddhirganj 2x120 MW PPP and Haripur 412 MW CCPP are covered under insurance policy. Insurance coverage was taken
from government owned Sadharan Bima Corporation. Siddhirgaj 335 MW CCPP construction completed and insurance
coverage activities are in progress.
44
ANNUAL REPORT 2020
12. Internal Audit
Internal audit activities ensure independent, effective and efficient company operations, specifically its internal control
structure and compliance with relevant government laws, regulations as well as rules & procedures of the Company. Internal
audit division is keen to bring transparency and accountability in all the organizational activities. Its function helps add value
and improve the organization’s Internal Control System. It establishes good corporate governance in the company by
examining, evaluating and monitoring the competence and effectiveness of company’s activities to achieve corporate
objectives.
To bring discipline in financial transaction and procurement, the Company has introduced procurement policy and delegation
of financial power. For government and development partner funded projects, PPA-2006 & PPR-2008 are followed (for
procurement of goods, works & services).
Internal auditors perform the audit activities as per audit plan cycle. In special cases, a special audit is done as per direction of
the management. After conducting the audit, the observations are raised and if any deviation or anomaly found, the auditee takes
necessary action to settle the same. In case of any gross mistakes or irregularities, the issues are brought to the management for
necessary actions. Under the guidance of Budget and Audit Committee, Internal audit division performs all the activities.
13. External Audit

Statutory audit is being done by the Chartered Accountancy firm regularly to ensure financial regularity and fair presentation
of financial information. Auditor ensures true and fair view of the financial statements. Auditor also ensures if Company
follows the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).
In addition to statutory audit, government audit performs through the Foreign Aided Projects Audit Directorate (FAPAD) and
Directorate of Power, Energy and Natural Resources Audit.
14. Electronic Government Procurement (e-GP)

EGCB is conducting all applicable national tendering activities thorough e-GP portal (i.e., https://eprocure.gov.bd). e-GP
system statistics are as follows for last five years:
FY No. of e-Tender included in No. of e-Tender

Annual Procurement Plan actually Invited
2015-16 43 38
2016-17 103 103
2017-18 85 74
2018-19 103 94
2019-20 111 78
15. Information and Communications Technology (ICT)

EGCB is now focusing with highest priority to adopt the Enterprise Architecture (EA) in order to establish the Enterprise
Governance of IT (EGIT), which will lead the organization to achieve good governance in all aspects of business. This will
enable the IT to be aligned with the overall business strategy of the organization.
15.1 ERP and EAM System

The state of art, ERP technology and SAP system have been implemented in EGCB. Since September 2019, EGCB has been
practicing the FICO, HCM, PP, PS, PM, MM and BI modules to operate the day to day business. These platforms with new
features and functionalities have enabled employees serve better, as a result customers are enjoying a superior transaction
experience.
45
ANNUAL REPORT 2020
EGCB embraced major decisions on revamping infrastructure of all power plants network, storage, blade servers and remote
support systems. Unified communication has been a platform that needs to keep connected with offices located in different
power plants. All critical system including SAP, Mail Server, Anti-Virus Server, Active Directory (AD), Unified Communications
Manager (UCM), File server etc. run from Rated IV National Data Center, Bangladesh Computer Council (BCC) which has been
connected through redundant fiber optics connection with Disaster Recovery (DR) center in EGCB Corporate office.
15.2 Unified Communications (UC)

Unified Communications is an Internet Protocol Telephone (IPT) based communications system. It enables more effective,
secure communications and can transform the way in which the users communicate. The system that has been introduced in
all plants and corporate office through which accountability of the caller is ensured. IPT system has reduced the
communication cost of the Company as a whole.
15.3 Video Surveillance

Video Surveillance system has been installed in all power plants and corporate office. Adequate CC cameras are placed in and
outside of plants and corporate office.
15.4 Website
The web portal of EGCB has been re-constructed and updated regularly by ICT department of EGCB Ltd. gywRekZel©, Annual
Performance Agreement (APA), Complain Box, Innovation Corner, Grievance Redress System (GRS), Right to Information
(RTI), National Integrity Strategy (NIS), and Citizen Charter have been added in the renovated website. The new website
address of EGCB is www.egcb.gov.bd which is also incorporated in Bangladesh National Portal.
15.5 Video and Teleconference

Video and Teleconferencing system has been installed to facilitate audio-visual communication with Power Division and other
power sector entities.
15.6 Cloud Meeting

Due to COVID-19, social distancing is being maintained in official activities. To avoid close contact cloud meeting apps are
being used for meetings needed to operate the Company activity. Company’s Board meeting, committee meeting and other
internal meetings are being conducted through Zoom Cloud Meetings app. Necessary devices have been installed in corporate
and plant office.
16. Environment, Occupational Health and Safety

Environmental Management Plans (EMP), which are set in Environmental Impact Assessment (EIA) are regularly monitored
and managed in the power plants of EGCB. EGCB always try to maintain highest standard of Occupational Health and Safety
(OHS) by following International Organization for Standardization (ISO), World Bank (WB) guidelines and Environment
Conservation Rules (ECR) 2010.
Weather monitoring station and online emission monitoring devices are installed in 2x120 MW Peaking Power Plant. Standard
water treatment plant, Effluent treatment plant and Online emission monitoring devices are installed in Siddhirganj 335 MW
CCPP and Haripur 412 MW CCPP. The above-mentioned running power plants under EGCB have renewed Environmental
Clearance Certificate (ECC) from Department of Environment (DoE). To maintain safety in this pandemic situation a vigilance
team is formed. This vigilance team not only reports the present situation of the office but also reminds everyone to follow
rules to avoid covid-19 infection. The company has adopted Integrated Management System (IMS) for ISO 9001:2015, ISO
14001:2015 and ISO 45001:2018 in the year 2019.
46
ANNUAL REPORT 2020
17. Security
To secure the power plants and projects of EGCB, utmost importance is given to its security system. As the plants and
projects are heavily capital intensive, security is not compromised. Security of power plants and corporate office has been
ensured through series of measures. Police, Ansar and own security forces are working round the clock in the power plants
and project sites. Security is being reviewed by local police stations and KPI authority regularly. All the offices are covered by
CC cameras (fixed camera and motion detector camera). Biometric control system has been installed in the plants and
corporate office for entry control. Security situation is reviewed monthly and necessary steps are taken. Extra security
measures are taken when foreigners work in EGCB premises. To increase sense of belongingness among the security
personnel, EGCB is recruiting required number of security personnel on permanent basis.
18. Directors’ Responsibility Statement

To the best of Directors’ knowledge and belief and according to the information and explanations obtained by them, Directors
ensure that as per the requirement of the Companies Act, 1994 under section 181:
a) the Company keeps proper books of accounts of all transactions and prepares financial statements that give true and
fair view of the state of the Company's financial affairs;
b) proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the
provisions of the Companies Act, 1994 for safeguarding the assets of the Company and for preventing and detecting
fraud and other irregularities;
c) the financial statements have been prepared and presented in accordance with the requirements of applicable laws and
regulations of Bangladesh, Generally Accepted Accounting Principles and Bangladesh Financial Reporting Standards
(BFRS);
d) the annual Financial Statements have been prepared on a going concern basis; and
e) proper internal financial control systems are being followed and the financial controls are adequate and operating
effectively.
This report confirms to the mandate of the Board under Section 184 of the Companies Act, 1994 to present the Board’s
Report of the Company at the Annual General Meeting.
19. Auditor
A. Qasem & Co., Chartered Accountants was appointed as auditor of the Company for the FY 2019-20 at 22nd AGM held on
05 December 2019 at an audit fee of Tk.3,05,555/- and VAT Tk. 45,833/- total Tk. 3,51,388/-. A. Qasem & Co. intimated
to be Auditor of the company for the FY 2020-21 at the same fees. Board of Directors recommended to appoint A. Qasem &
Co. as an auditor for the FY 2020-21 at an audit fee of Tk.3,05,555/- and VAT Tk. 45,833/- total Tk. 3,51,388/-. AIT will be
deducted from audit fee as per applicable rules of GOB.
20. Auditors’ Report

A. Qasem & Co., Chartered Accountants audited the financial statements for the financial year 2019-20 and provided
unqualified audit opinion on the financial statements. There are no qualifications or adverse remarks made by the Auditors in
the Audit Report. In the year under review no incident of fraud or material irregularity was found by the auditor.
21. Board Meeting

Ten Board meetings were held during the FY 2019-20 and no meeting was adjourned. The individual attendance by the
directors at those meetings which they were eligible to attend, is summarized in the following table:
47
ANNUAL REPORT 2020
Attendance of Directors in the Board Meeting (FY 2019-2020)
Sl. Name of the Directors Meetings held whilst a Director Meetings attended
1 Dr. Ahmad Kaikaus 06 06
2 Mohammad Alauddin 04 04
3 Neelufar Ahmed 10 10
4 Khaled Mahmood 06 06
5 Sheikh Faezul Amin 06 05
6 Mohammad Hossain 10 09
7 M. Anamul Kabir Emon 10 08
8 Dr. Mahmuda Akter 10 10
9 Mahfuza Mondol Rina 10 09
10 Abul Khayer Md. Aminur Rahman 10 10
11 Sayeed Ahmed 06 06
12 Begum Rubina Amin 10 09
13 Yasmin Begum 04 04
14 Md. Zahurul Hauqe 01 01
15 Md. Belayet Hossain 04 04
16 Md. Zakir Hossain 02 02
17 Arun Kumar Saha 10 10
Virtual Board Meeting
22. Board Committees

The Board Committees of EGCB are as follows:
1. Administrative Affairs Committee
2. Budget and Audit Committee
3. Procurement and Technical Committee
4. Legal and Governance Committee
Board Committees accomplish their functions and responsibilities as and when assigned by the Board. Committee takes
decisions within the framework of delegated authority, and make specific recommendations to the Board on matters in their
areas or purview.
To enable better and more focused attention on the affairs of the Company, the Board delegates particular matters to the
committees of the Board set up for the purpose. After reviewing items in detail committee places it to the Board for
consideration.
48
ANNUAL REPORT 2020
22.1 Administrative Affairs Committee
Administrative Affairs Committee is comprised of four directors and chaired by Sheikh Faezul Amin, Chairman, EGCB. The
Committee prepares/updates service related rules and regulations for the employees. The Committee also assists in the
recruitment and promotion process of the top management.
22.2 Budget and Audit Committee

Budget and Audit Committee is comprised of four directors and chaired by an Independent Director Professor Dr. Mahmuda
Akter, Executive President, Bangladesh Institute of Capital Market. The committee oversees the company’s financial
reporting process and the disclosure of its financial information to ensure the correctness of financial statements. Company’s
proposed budget, quarterly and annual accounts are presented to the committee for review, guidance and suggestion. The
committee also monitors the internal audit system and guides the internal audit section to perform the audit activities as per
applicable laws, regulations and standard practice.
22.3 Procurement and Technical Committee

Procurement and Technical Committee is comprised of four directors and chaired by Md. Belayet Hossain, Chairman, BPDB.
All the members of the committee are technically sound and have vast experience in procurement field. Major project
proposals, procurement proposals, tender evaluation reports, feasibility study report etc. are presented before the committee
for their opinion. Besides technical or procurement, issues related to operation and maintenance of the power plants are also
dealt by the committee. The committee also negotiates with the vendors/suppliers whenever necessary.
22.4 Legal and Governance Committee

Legal and Governance Committee plays a vital role to enhance compliance and corporate governance. Legal and Governance
Committee is comprised of four directors and chaired by Md. Ekhlasur Rahman, Additional Secretary, Finance Division. Legal
and Governance Committee works on the legal and governance issues of the Company. Legal aspects of contracts, joint
venture agreements and MOUs are reviewed by the committee. The committee provides legal opinion on the assigned issues.
23. Election of Directors

EGCB board is comprised of twelve Directors including Managing Director (ex-officio). In accordance with the Companies Act,
1994 (Sections 79-81of schedule-1) and Articles of Association of EGCB (sections 75 and 76), one third of Directors i.e. four
Directors will retire at the next AGM and they may be reappointed. As such Director Engr. Sheikh Faezul Amin, Mohammad
Hossain, Dr. Mahmuda Akter and Neelufar Ahmed will retire in the 23rd AGM. The retiring Directors, being eligible, offered
themselves for re-election.
24. Management Appreciation

The Members of the Board of Directors would like to take the opportunity to express their heartfelt thanks and gratitude to
the Shareholders, Power Division, Energy and Mineral Resources Division, Bangladesh Power Development Board, Concerned
Ministries, Titas Gas Transmission and Distribution Company Ltd., Banks, Insurance Companies, Auditors and other
Stakeholders for their continuous support and contribution towards the success of the Company. The Board is thankful to the
Development Partners of the Company namely JICA, The World Bank and Asian Development Bank for their continued
supports. The Board also appreciates the contributions of contractors, vendors and consultants in the implementation of
various Projects of the Company.
Finally, the Board expresses sincere gratitude to the employees of the Company for their efforts and commitment to ensure
the continuous growth of the Company and looks forward to their continued involvement and support.
On behalf of the Board of Directors,
Engr. Sheikh Faezul Amin

Chairman
49
ANNUAL REPORT 2020
50
ANNUAL REPORT 2020
EVENTS
AND
UPDATES
51
ANNUAL REPORT 2020
Mujib Corner at Corporate Office
100th Brithday Celebration of Father of the Nation
52
ANNUAL REPORT 2020
National mouring day, 2020
Innovation award winners of EGCB Ltd.
53
ANNUAL REPORT 2020
Fairwell of recent past Chairman Mr. Mohammad Alauddin
Receiption of new Chairman Engr. Sheikh Faezul Amin
54
ANNUAL REPORT 2020
Women’s Day observation, 2020
55
ANNUAL REPORT 2020
Training session at corporate office
Officials of Siddhirganj 2x120 PPP
56
ANNUAL REPORT 2020
Officials of Haripur 412 CCPP
Officials of Siddhirganj 335 MW CCPP
57
ANNUAL REPORT 2020
Independent Auditor’s Report

&
Audited Financial Statements
of
Electricity Generation Company
of Bangladesh Limited
As on & for the year ended 30 June 2020
51
ANNUAL REPORT 2020
A. Qasem & Co.

Independent Auditor’s Report
To the shareholders of
Report on the audit of the financial statements
Opinion
We have audited the financial statements of Electricity Generation Company of Bangladesh Limited (the
“Company”), which comprise the statement of financial position as at 30 June 2020, and the statement profit
and loss and other comprehensive income, statement of changes in equity and statement of cash flow for
the year then ended, and notes to the financial statements, including a summary of significant accounting
policies.
In our opinion, the accompanying financial statements of the Company give a true and fair view of the
financial position of the Company as at 30 June 2020, and its financial performance and its cash flows for
the year then ended in accordance with International Financial Reporting Standards (IFRS) and comply with
the Companies Act, 1994 and other applicable Laws and Regulations.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities
under those standards are further described in the auditor’s responsibilities for the audit of the financial
statements section of our report. We are independent of the Company in accordance with the International
Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code) and we
have fulfilled our other ethical responsibilities in accordance with the IESBA Code and the Institute of
Chartered Accountants of Bangladesh (ICAB) Bye Laws. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Other information
Management is responsible for the other information. The other information comprises the director’s
reports, management discussion and analysis, statement of corporate governance, financial highlights,
economic value -added statement, value added statement and certification on corporate governance but
doesn’t include the financial statements and our auditor’s report. The director’s reports, management
discussion and analysis, statement of corporate governance, financial highlights, economic value added
(EVA) statement, value added statement and certification on corporate governance are expected to be
made available to us after the date of this auditor’s report.
Our opinion on the financial statements does not cover other information and we do not express any form of
assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
identified above when it becomes available and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise
appears to be materially misstated.
52
ANNUAL REPORT 2020
Responsibilities of management and those charged with governance for the financial statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with IFRS, and for such internal control as management determines is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company’s ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless management either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the Company’s financial reporting process.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes
our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit
conducted in accordance with ISAs will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken based on these
financial statements.
As part of an audit in accordance with ISA, we exercise professional judgement and maintain professional
skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud
or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that
is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by management.
• Conclude on the appropriateness of management’s use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If
we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report
to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify
our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s
report. However, future events or conditions may cause the Company to cease to continue as a going
concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and events in
a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or
business activities within the Company to express an opinion on the financial statements. We are
responsible for the direction, supervision and performance of the Company’s audit. We remain solely
responsible for our audit opinion.
We communicate with those charged with governance, among other matters, the planned scope and timing
of the audit and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit.
53
ANNUAL REPORT 2020
We also provide those charged with governance with a statement that we have complied with relevant
ethical requirements regarding independence, and to communicate with them all relationships and other
matters that may reasonably be thought to bear on our independence, and where applicable, related
safeguards.
Report on other legal and regulatory requirements
In accordance with the Companies Act, 1994 we also report that:
(i) we have obtained all the information and explanations which to the best of our knowledge and belief
were necessary for the purpose of our audit and made due verification thereof;
(ii) in our opinion, proper books of account as required by law have been kept by the Company so far as it
appeared from our examination of those books; and
(iii) the financial statements of the Company with the annexed notes dealt with by the report are in
agreement with the books of account and returns.
Place: Dhaka
Date: 30 November 2020
A. Qasem & Co.
54
ANNUAL REPORT 2020

Statement of Financial Position
As on 30 June 2020
Notes Amounts in BDT
Properties and Assets 30 June 2020 30 June 2019
Non-Current Assets
Property, plant & equipment 3 62,540,980,279 47,904,365,857
Intangible assets 4 4,184,675 41,467,480
Right-of-use assets 5 168,708,716 -
Capital work in progress 6 3,559,752,776 17,365,156,422
Investment in research & development fund 7 782,325,502 513,876,022
67,055,951,948 65,824,865,781
Current Assets
Inventories 8 2,857,394,896 2,819,512,309
Advance, deposits & prepayments 9 316,635,526 498,543,762
Trade & other receivables 10 3,408,049,932 4,046,736,979
Cash and cash equivalents 11 10,310,422,272 11,355,916,930
16,892,502,626 18,720,709,980
Total Assets 83,948,454,574 84,545,575,761
Equity and Liabilities

Equity
Share capital 12.2 378,972,000 378,972,000
Equity from government 13 8,327,541,875 9,103,039,209
Research & development fund 14 782,325,502 513,876,023
Retained earnings 15 7,325,852,820 5,481,139,170
Reserve for foreign currency fluctuation gain/(loss) 32.1 (678,525,704) (496,834,799)
16,136,166,493 14,980,191,603
Liabilities
Non- Current Liabilities
Loan from government- non current portion 16 A 4,313,598,783 5,045,747,329
Loan from ADB- non current portion 17 A 4,868,470,523 5,310,139,705
Loan from JICA- non current portion 18 A 20,059,993,467 21,784,460,553
Loan from World Bank- non current portion 19 A 26,609,648,731 23,859,967,570
Lease Liabilities 21 184,557,236 -
56,036,268,740 56,000,315,157
Current Liabilities & Provisions
Loan from government- current portion 16 B 215,150,324 124,899,025
Loan from ADB-current portion 17 B 463,663,843 461,751,264
Loan from JICA-current portion 18 B 1,880,249,203 1,866,898,885
Loan from World Bank- current portion 19 B 1,900,048,058 -
Security deposit & retention money 22 19,873,443 22,013,711
Trade & other payables 23 2,171,156,285 2,487,672,075
Interest payable on loan 24 4,882,660,075 8,417,502,489
Provision for WPPF 25 168,136,588 124,673,975
Provision for income tax 26 75,081,522 59,657,577
11,776,019,341 13,565,069,001
Total Equity and Liabilities 83,948,454,574 84,545,575,761
Company Secretary Director Managing Director

1. Independent Auditors' Report- Pages 1,2 & 3
2. The accompanying notes 1 to 48 and "Annexures A to H" form are the integral part of these financial statements.
As per our Report of same date
Dated, Dhaka A. Qasem & Co.

30-Nov-2020 Chartered Accountants
55
ANNUAL REPORT 2020

Statement of Profit or Loss and other Comprehensive Income
For the Year Ended 30 June 2020

30 June 2020 30 June 2019
Revenue from sales of energy 27 11,786,203,041 9,352,991,077
Cost of energy sold 28 (8,854,236,860) (6,981,617,419)
Gross profit 2,931,966,181 2,371,373,658
Administrative expenses 29 (232,520,819) (225,613,454)
Operating profit 2,699,445,362 2,145,760,204
Non operating income 30 727,384,017 589,938,406
Financial expenses 31.1 (782,439,645) (740,310,670)
Foreign exchange gain/(loss)-realized 31.2 2,101,059 (20,678,433)
Profit before contribution to WPPF & income tax 2,646,490,793 1,974,709,507
Contribution to workers' profit participation fund (5%) 25 (132,324,540) (98,735,475)
Profit before income tax 2,514,166,253 1,875,974,031
Income tax provision 26.1 (75,081,522) (59,657,577)
Profit after income tax (A) 2,439,084,731 1,816,316,454
Other comprehensive income

Foreign currency fluctuation gain/(loss)-unrealized (B) 32.1.1 (181,690,906) (746,732,668)
Total comprehensive income for the year (A+B) 2,257,393,825 1,069,583,787
Earnings per share (EPS)-basic 48 5,957 4,793

A. Qasem & Co.

Dated, Dhaka Chartered Accountants
30-Nov-2020
56
Statement of Changes in Equity
For the year Ended 30 June 2020
Share Money Research & Reserve for Foreign

Particulars Share Capital Govt. Equity Retained Earnings Currency Fluctuation Total Taka
Deposit Development Fund Gain/(Loss)
Balance on 1 July 2018 17,673,000 361,299,000 8,448,594,266 321,383,365 4,172,167,362 249,897,869 13,571,014,861
Equity from govt. - - 654,444,943 - - - 654,444,943
Share money deposit converted to share capital 361,299,000 (361,299,000) - - - -
Profit after income tax - - - - 1,816,316,455 - 1,816,316,455
Foreign currency fluctuation gain/(loss)-unrealized - - - - - (746,732,668) (746,732,668)
R&D fund- allocated from retained earnings - - - 181,631,646 (181,631,646) - -
Interest income added to R&D fund - - - 10,861,012 - - 10,861,012
Dividend paid - - - - (350,000,000) - (350,000,000)
Received from welfare fund trustee 24,316,015 24,316,015
Prior years adjustments (Refe. Note 31) - - - - (29,016) - (29,016)
Balance on 30 June 2019 378,972,000 - 9,103,039,209 513,876,023 5,481,139,170 (496,834,799) 14,980,191,603
Balance on 1 July 2019 378,972,000 - 9,103,039,209 513,876,023 5,481,139,170 (496,834,799) 14,980,191,602

Equity from govt. - - (775,497,335) - - - (775,497,336)
Share money deposit converted to share capital - - - - - -
Profit after income tax - - - - 2,439,084,731 - 2,439,084,731
Foreign currency fluctuation gain/(loss)-unrealized - - - - - (181,690,906) (181,690,906)
R&D fund- allocated from retained earnings - - - 243,908,473 (243,908,473) - -
Interest income added to R&D fund - - - 24,541,007 - - -
Dividend paid - - - - (350,000,000) - (350,000,000)
Adjustment of Haripur 100 MW HFO project expenses - - - - (462,608) - (462,608)
- - - - - - -
Balance on 30 June 2020 378,972,000 - 8,327,541,874 782,325,502 7,325,852,820 (678,525,704) 16,136,166,493
Notes 12 20.1 13 14 15 32.1

2. The accompanying notes 1 to 48 and "Annexures A to H" form are the integral part of these financial statements.
57
ANNUAL REPORT 2020
A. Qasem & Co.

Dhaka, 30-Nov-2020 Chartered Accountants
ANNUAL REPORT 2020

Statement of Cash Flows
For the Year Ended 30 June 2020

A. Cash flows from operating activities 30 June 2020 30 June 2019
Cash received from operation 34 12,638,139,854 8,258,935,887
Cash received from other income 35 514,134,251 580,852,746
Payment for cost of sales of energy 36 (5,295,557,576) (3,311,280,166)
Paid for income tax 26 (59,657,577) (54,176,203)
Paid for WPPF 25 (88,861,927) (233,446,498)
Received from welfare fund trustee 15 - 24,316,015
Payment for administrative expenses 37 (164,529,140) (252,737,947)
Net cash flows from operating activities 7,543,667,885 5,012,463,834
B. Cash flows from investing activities `

Purchase of fixed assets 38 15,340,621 (69,792,942)
Paid for work-in-progress 39 (3,208,427,634) (3,178,913,856)
Investment of R&D fund 40 (243,908,473) (181,685,713)
Net cash used in investing activities (3,436,995,486) (3,430,392,511)
C. Cash flows from financing activities:

Equity from GOB 41 (a) (775,497,335) 654,444,943
Loan from GOB 41 (b) (516,998,223) 436,296,629
Loan paid to GOB 42 (124,899,026) (249,798,052)
Loan paid to ADB 43 (462,844,177) (458,199,341)
Loan paid to JICA 44 (1,856,698,976) (1,321,332,129)
Loan from World Bank 45 4,540,550,820 1,697,568,077
Refund to World Bank 19.1.1 - (128,254,742)
Dividend paid 46 (350,000,000) (350,000,000)
Interest paid 47 (5,605,780,139) (2,352,620,393)
Net cash used in financing activities (5,152,167,057) (2,071,895,009)
D. Net cash increase/(decrease) (A+B+C) (1,045,494,658) (489,823,686)
E. Opening cash & cash equivalents 11 11,355,916,930 11,845,740,616
F. Closing cash & cash equivalents (D+E) 11 10,310,422,272 11,355,916,930

A. Qasem & Co.

Dated, Dhaka Chartered Accountants
30-Nov-2020
58
ANNUAL REPORT 2020
Electricity Generation Company

of Bangladesh Limited
Notes to the Financial Statements
As on and for the year ended

30 June 2020
59
ANNUAL REPORT 2020
1.00 The Company and its activities

a) Legal form of the company
Electricity Generation Company of Bangladesh Limited (the Company) was registered as the 'Private
Limited Company' with the Registrar of Joint Stock Companies and Firms (RJSC), Dhaka on 23
November 1996, vide registration number C-31833 (954) /96 in the name of “Meghnaghat Power
Company Ltd.” Subsequently, it was renamed as the "Electricity Generation Company of Bangladesh
Limited" from 16th February 2004 vide memo no.-51, approved by the Registrar of Joint Stock
Companies and Firms (RJSC). Electricity Generation Company of Bangladesh Limited was converted
from Private Limited Company to Public Limited Company on 15 January 2009.
b) Address of registered/corporate office of the company
The Registered address of the Company is WAPDA Building, Motijheel C/A, Dhaka-1000, and
Corporate office address is Unique Heights (Level 15 &16), 117 Kazi Nazrul Islam Avenue , Eskaton
Garden, Dhaka-1217.
c) Objective of business
· To operate and maintain the facilities for harnessing, development and generation of electricity.
· Set-up new power plants.
· Increase the sector’s efficiency and make the sector commercially viable.
d) Nature of business
The principal activity of the Company is to set up power plants for generation of electricity and sale
the same to BPDB.
2.00 Summary of significant accounting policies and basis of preparation of the financial statements:
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless otherwise
stated. The specific Accounting policies selected and applied by the Company’s management for
significant transactions and events that have a material effect within the framework of "IAS 1
Presentation of Financial Statements". In the preparation and presentation of financial statements
accounting and valuation methods are disclosed for reasons of clarity.
2.1 Basis of preparation of the financial statements
a) Accounting standards
The Financial Statements of the Company have been prepared in accordance with International
Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) adopted by the
Institute of Chartered Accountants of Bangladesh (ICAB).
b) Accounting convention and assumptions
The financial statements, except cash flow statements are prepared on the accrual basis under the
historical cost convention.
c) Other regulatory compliances
Other regulatory compliances followed are,
i) The Companies Act 1994,
ii) Income Tax Ordinance 1984 and The Income Tax Rules 1984,
iii) The Value Added Tax and Suppelentary Duty Act 2012
iv) The Registrar of Joint Stock Companies and Firms (RJSC)
60
ANNUAL REPORT 2020
v) Other applicable laws & regulations.

d) Critical accounting estimates, assumptions and judgments
The preparation of the financial statements in conformity with IFRS requires the use of certain
critical accounting estimates. It also requires management to exercise its judgment in the process
of applying the Company’s accounting policies.
e) Application of standards
The following standards are applicable for these financial statements:
IAS 1 : Presentation of Financial Statements

IAS 2 : Inventories
IAS 7 : Statement of Cash Flows
IAS 8 : Accounting Policies, Changes in Accounting Estimates and Errors
IAS 10 : Events after the Reporting Period
IAS 12 : Income Taxes
IAS 16 : Property, Plant and Equipment
IAS 19 : Employee Benefits
IAS 21 : The Effects of Changes in Foreign Exchange Rates
IAS 23 : Borrowing Costs
IAS 24 : Related Party Disclosures
IAS 33 : Earnings Per Shares (EPS)
IAS 36 : Impairment of Assets
IAS 37 : Provisions, Contingent Liabilities and Contingent Assets
IAS 38 : Intangible Assets
IFRS 9 : Financial Instruments
IFRS 15 : Revenue from Contracts with Customers
IFRS 16 : Leases
2.2 Functional and presentation currency

These Financial Statements are presented in Taka, which is also the Company’s functional currency.
2.3 Reporting period
The Company's financial statements cover one year from 01 July to 30 June every year and
consistently followed. These financial statements are covering the year from 01 July 2019 to 30 June
2020.
2.4 Statement of cash flows
Statement of cash flows is presented in accordance with "IAS 7 Statement of Cash Flows" under
direct method.
2.5 Comparative information
As guided in the paragraph of "IAS 1 Presentation of Financial Statements", comparative information
in respect of the previous year has been presented in all numerical information in the financial
61
ANNUAL REPORT 2020
statements and the narrative and descriptive information where it is relevant for understanding of
the current year's financial statements.
2.6 Property, plant and equipment
2.6.1 Recognition & measurement
Tangible assets are accounted for according to "IAS 16 Property, Plant and Equipment" at historical
cost less accumulated depreciation and the capital work-in-progress is stated at cost. Historical
cost includes expenditure that is directly attributable to the acquisition of the items.
2.6.2 Subsequent cost
Subsequent costs are included in the asset’s carrying amount or recognized as separate assets, as
appropriate, only when it is probable that future economic benefits associated with the item will flow
to the Company and the cost of the item can be measured reliably. All other maintenance costs are
charged to the income statement.
2.6.3 Depreciation
Property, plant & equipment are stated at cost less accumulated depreciation. The depreciation is
charged on "Straight Line Method". Addition to fixed assets during the period, depreciation is
charged from the begining of the month irrespective of the date of acquisition of that month of a
paricular asset (policy updated fom this FY 2019-20). In case of commissioning of new plant
depreciation is charged from the month in which it starts its commercial operation. For disposal of
fixed assets, no depreciation is charged in the year of disposal. The rates of depreciation are as
under:
Name of the Assets Depreciation Rate (%)
Land & land development 0%
Building & other constructions 3.50%
Plant & machinery 5%
Plant & machinery (HGPI) 25%
Motor vehicles 15%
Computer & printers 20%
Photocopy machine 20%
Fax machine 20%
Air-condition 10%
Telephone with PABX 10%
Mobile phone 20%
Other equipments 15%
Furniture & fixture 10%
2.7 Intangible assets

2.7.1 Recognition & measurement
Intangible assets are accounted for according to "IAS 38 Intangible Assets" at historical cost less
accumulated amortization. Historical cost includes expenditure that is directly attributable to the
62
ANNUAL REPORT 2020
acquisition of the items.

2.7.2 Subsequent cost
Subsequent costs are included in the asset’s carrying amount or recognized as separate assets, as
appropriate, only when it is probable that future economic benefits associated with the item will flow
to the Company and the cost of the item can be measured reliably. All other maintenance costs are
charged to the income statement.
2.7.3 Amortization of intangible assets
Intangible assets are stated at cost less accumulated amortization. The amortization is charged on
"Straight Line Method". Amortization on addition to intangible assets during the period is charged
from the begining of the month of acquisition irrespective of the date of acquisition of that month at
a normal amortization rate. In case of disposal of Intangible Assets, no amortization is charged in
the year of disposal. The rate of amortization is as under:
Name of the Assets Amortization Rate (%)
Intangible assets 20%
2.8 Cash and cash equivalents

Cash and cash equivalents are comprised of cash and short-term deposits those are free from any
restriction to use.
2.9 Share capital
i) Authorized share capital :
The authorized share capital of the Company is BDT 50,000,000,000 (50,000,000 ordinary shares @
1000 each) as on 30 June 2020. .
ii) Paid up share capital :
The Paid-up capital of the Company is BDT 378,972,000 (378,972 shares @ 1000 each) as on 30 June
2020.
2.10 Revenue recognition
Commercial operation of Siddhirganj 2x120 MW Peaking Power Plant started from 05 February
2012, Haripur 412 MW Combined Cycle Power Plant started from 06 April 2014 and Siddhirganj 335
MW Peaking Power Plant started its combined cycle operation from 10 September 2019. Invoice
against sale of energy has been raised and submitted by the Company to Bangladesh Power
Development Board (BPDB) as per the respective Power Purchase Agreement (PPA) on monthly
basis. The Company recognizes revenue from the above sale of energy upon delivery of the
electricity, raising invoices for the same and duly certified by BPDB.
2.11 Other income/non operating income
i) Other Income comprises of interest income from investment on fixed deposits and bank deposits,
sale of tender/scrap, miscellaneous receipts etc. in corporate office & plant during the year.
ii) Non operating income consisting of bank interest and other income of all projects of the
Company which have been transferred to the corporate office as per decision of the management.
63
ANNUAL REPORT 2020
2.12 Income tax

2.12.1 Income tax provision
Income tax provision is calculated as per prevailing tax act and rules. Currently the rate is 32.5% on
net profit before Income Tax or 0.6% of gross receipts (applicable cases) as reported in the
Statement of Profit or Loss & Other Comprehensive Income.
2.12.2 Deferred taxation
As per the provision of the Power Purchase Agreement (PPA) between BPDB and the Company,
from and after the commercial operation date, BPDB shall reimburse the company the corporate tax
only related to the sale of energy to BPDB on actual basis. As a result the Company hasn't
considered any effect of deferred taxation in these financial statements.
2.13 Earnings per share (EPS)-basic
The Company presents Earning Per Share (EPS) in accordance with IAS 33 Earning Per Share,
which has been shown on the face of statement of profit or loss and other comprehensive income.
i) Basic earnings per share (BEPS)
This has been calculated by dividing the profit or loss attributable during the period by number of
ordinary shares outstanding at the end of the period.
ii) Diluted earnings per share
No diluted EPS is required to be calculated for the period as there is no dilutive potential ordinary
shares during the period under review.
2.14 Contingent liabilities and assets
Contingent liabilities and assets are current or possible obligations or assets, arising from past
events and whose existence is due to the occurrence or non-occurrence of one or more uncertain
future events which are not within the control of the Company.
In accordance with "IAS 37 Provisions, Contingent Liabilities and Contingent Assets" during this
financial year Income tax authority has selected the Company tax return file for the assessment year
2016-17 for tax audit and claimed additional tax approximately tk 13.46 crore. An appeal has been
forwarded to the Tax Commisioner (Appeal) in this connection, the process is under review.
2.15 Employee benefit
a) Contributory provident fund:
The Company maintains a contributory provident fund (CPF) that was recognized by the
Commissioner of Taxes, Tax Zone-07, Dhaka vide ref .# P:F:/K:A:-7/2009-10/650, dated-21/04/2010.
Employees contribute 10% of their basic salary to the fund after completion of 1 year service and the
Company also contributes an equal amount according to the Company's "Service Rules" & "
Employees Provident Fund Rules". The fund is managed and operated by a board of Trustees.
b) Gratuity
The Company maintains a gratuity scheme. Under the gratuity scheme, the Company pays to a
retired employee, having completed at least three years of service, at the rate of two and half (2.5)
months’ last drawn basic salary for every completed year of service. In the FY 2013-14 gratuity fund
of the Company was recognized by the NBR vide ref # 08.01.0000.035.02.0028.2013/15 dated
12/02/2014. As per Gratuity Trust Deed & Gratuity Trust Rules a separate Board of Trustees manage &
operate the said fund.
Actuarial valuation of Gratuity Fund has not yet been done. Management will actively consider the
64
ANNUAL REPORT 2020
actuarial valuation very soon.

c) Workers profit participation fund (WPPF)
The Company makes provision of 5% on Net Profit before Contribution to WPPF, Other Funds &
Income Tax for this fund. Payment is made to the beneficiaries as per provision of the Bangladesh
Labor Law (#42) 2006, Bangladesh Labor (amendment) Law 2013 and other applicable laws and
regulations.
2.16 Interest bearing loans and borrowings

All such loans and borrowings are initially recognized at fair-value including transaction costs.
2.17 Borrowing cost
Borrowing costs relating to projects have been adjusted with project-in-progress as interest during
construction (IDC).
2.18 Foreign currency fluctuation effects
2.18.1 Foreign exchange gain/(loss)
Foreign exchange gain/ (loss) those are realized are shown under non operating income/expenses
in the statement of profit or loss and other comprehensive income.
2.18.2 Foreign currency fluctuation gain/(loss)
Foreign currency fluctuation gain/(loss) those have not been realized yet are shown under other
comprehensive income in the statement of profit or loss and other comprehensive income.
2.19 Offsetting
Financial assets and financial liabilities are offset and the net amount reported in the balance sheet
when there is a legally enforceable right to offset the recognized amounts and there is an intention
to settle on a net basis, or realizes the asset and settle the liability simultaneously. Appropriate
disclosures have been made in the financial statements.
2.20 Preparation and presentation of financial statements
The management of the Company is responsible for the preparation and presentation of Financial
Statements for the year ended 30 June 2020.
2.21 Statement of compliance
The financial statements have been prepared in accordance with International Financial Reporting
Standards (IFRSs) as issued by The International Accounting Standards Board (IASB) and adopted
by The Institute of Chartered Accountants of Bangladesh (ICAB) vide letter no 1/1/ICAB-2017 dated
14 December 2017.
2.22 Changes in significant accounting policies
The Company has applied IFRS 15: Revenue from Contracts with Customers and IFRS 9: Financial
Instruments from 1 July 2018 and IFRS 16: Leases from 30 June 2020.
2.23 IFRS 15 Revenue from contracts with customers

IFRS 15 establishes a five-step model to account for revenue arising from contracts with customers.
It replaces IAS 18: Revenue, IAS 11: Construction Contracts and related interpretations. Under IFRS
15, revenue is recognised when a customer obtains control of the goods or services. Determining
the timing of the transfer of control - at a point in time or over time - requires judgement. However,
adoption of IFRS 15 does not have any significant impact in recognition of revenue for the Company.
65
ANNUAL REPORT 2020
2.24 IFRS 9 Financial instruments

IFRS 9 sets out requirements for recognising and measuring financial assets, financial liabilities and
some contracts to buy or sell non-financial items. This standard replaces IAS 39 Financial
Instruments: Recognition and Measurement. However, adoption of IFRS 9 does not have any
significant impact on the financial statements of the Company.
2.25 Related party transactions
The Company in the normal course of business has entered into transactions with other entities that
fall within the definition of related party contained in IAS 24. The Company believes that the terms of
related party transactions are not significantly different from those that could have been obtained
from third parties. The significant related party transactions during the year are as follows:
Name of the party Nature of relationship Receivable/(payable)
Nature of transaction
as at '30 June 2020 BDT
Bangladesh Power Controlling 1. Receivable from sale of energy 3,183,972,138
Development Board organization 2. Land lease rent payable -
(BPDB) 3. Income tax reimbursement -
4. Insurance/FGMO reimbursement 76,894,326
Total 3,260,866,464
Transactions with related companies are priced on arm's length basis and are in the ordinary course of
business.
2.26 General
"i) Previous year’s phrases and figures have been rearranged, wherever considered necessary to
conform to the presentation of current year's financial statements. "
ii) All fractional amounts in the financial statements have been rounded off to the nearest Taka.
66
ANNUAL REPORT 2020

30 June 2020 30 June 2019
3.00 Property, plant & equipment
( For details see annexure A-1 )
Acquisition cost:
Opening balance Annex A-1 60,864,478,322 57,503,395,582
Add: Addition during the year 18,692,207,818 3,361,195,740
Add: Adjustments during the year - (113,000)
79,556,686,140 60,864,478,322
Less: Adjustments - -
79,556,686,140 60,864,478,322
Depreciation:
Opening balance 12,960,112,465 9,779,350,648
Add: Addition during the year 4,055,593,396 3,180,810,217
17,015,705,861 12,960,160,865
Add/(Less): Depreciation adjustment - (48,400)
Total accumulated depreciation 17,015,705,861 12,960,112,465
Written down value as on 30 June 2020 62,540,980,279 47,904,365,857
4.00 Intangible assets

Opening balance Annex A-2 47,140,885 1,064,435
Add: Addition during the year (40,096,450) 46,076,450
7,044,435 47,140,885
Less: Amortization adjustment (2,859,760) (5,673,405)
Written down value as on 30 June 2020 4,184,675 41,467,480
Only cost of software is included under intangible assets as per IAS 38 intangible assets.
5.00 Right to use of assets

Opening balance Annex A-3 - -
Add: Addition during the year 184,557,236 -
184,557,236 -
Less: Amortization (15,848,520) -
Written down value as on 30 June 2020 168,708,716 -
6.00 Capital work In progress

(For details see annexure- B)
Siddhirganj 335 MW CCPP project Annex. B-1 - 13,004,851,030
Munj. 300-400 MW Col Proj. (Ex. 600-800 MW) Annex. B-2 1,766,345,794 1,750,892,737
LA for Feni 100 MW Solar & 100 MW wind p p proj. Annex. B-3 1,048,279,251 1,036,833,651
LA for Pekua 2x600 MW USC coal based p p proj. Annex. B-4 52,002,104 1,571,137,268
Haripur 100MW HFO power plant project Annex. B-5 - 462,608
Sonagazi 50 MW solar power plant construction project Annex. B-6 22,016,824 31,785
Siddhirganj 335 MW CCPP project Annex. B-7 671,108,803 -
Corporate office (Interior works of 13th floor) Annex. B-8 - 947,343
3,559,752,776 17,365,156,422
67
ANNUAL REPORT 2020
7.00 Investment in research & development fund Notes Amounts in BDT

30 June 2020 30 June 2019
Bank balance 233,077,980 55,387,198
FDR 305,339,049 282,370,277
R&D fund receivable 243,908,473 176,118,547
782,325,502 513,876,022
Bank A/c:
Bank Asia Ltd, BSMMU Br., STD A/c No. 08536000038 25,737,998 24,834,133
UCBL,Elephant Road Br., STD A/c No: 0171301000000295 207,339,982 30,553,065
233,077,980 55,387,198
FDRs:
Modhumoti Bank, Banglamotor Br., FDR#1123254000000037 58,720,823 53,970,794
SIBL, Dhanmondi Br., FDR # 1537 63,636,384 58,399,483
SIBL, FDR # 0245320010119 54,600,997 50,000,000
RBL, FDR # 079418/35/1337 73,806,030 70,000,000
IFIC, FDR # 1313175/483384/204 54,574,815 50,000,000
- -
305,339,049 282,370,277
8.00 Inventories
Siddhirganj 2x120 MW PPP(O&M) 8.1 203,312,197 190,667,060

Haripur 412 MW CCPP (O&M) 8.2 2,654,082,699 2,628,845,249
2,857,394,896 2,819,512,309
8.1 Siddhirganj 2x120 MW PPP(O&M)
Opening balance 190,667,060 178,252,247
Add: Addition during the year 36,125,804 59,015,435
226,792,864 237,267,682
Consumption during the year (23,480,667) (46,600,622)
203,312,197 190,667,060
8.2 Haripur 412 MW CCPP (O&M)
Opening balance 2,628,845,249 343,489,119

Add: Transferred from DPP-2 Project* - 2,193,188,827
2,769,820,249 2,673,697,646
Consumption during the year (115,737,550) (44,852,397)
2,654,082,699 2,628,845,249
9.00 Advance, deposits & pre-payments
Corporate office 9.1 135,390,811 124,830,716

Siddhirganj 2x120 MW PPP(O&M) 9.2 15,347,141 21,398
Haripur 412 MW CCPP (O&M) 9.3 165,896,696 2,501,694
Haripur 412 MW CCPP project (2nd DPP) 9.4 878 878
Siddhirganj 335 MW CCPP project 9.5 - 371,189,076
316,635,526 498,543,762
68
ANNUAL REPORT 2020

9.1 Corporate office 30 June 2020 30 June 2019
Temporary advance 1,195,146 4,052,889

Security deposit for telephone connection 75,000 75,000
Security deposit for car fuel 87,830 87,830
Advance tax at source (AIT) 9.1.1 134,032,835 120,614,997
135,390,811 124,830,716
9.1.1 Advance tax at source (AIT):
Opening balance 120,614,997 116,155,953

193,690,412 174,791,200
Adjusted against corporate income tax (59,657,577) (54,176,203)
134,032,835 120,614,997
9.1.1.1 Unit office wise AIT balance
Corporate office 131,942,628 118,401,802

Siddhirganj 2x120 MW PPP(O&M) 123,795 82,996
Haripur 412 MW CCPP (O&M) 666,894 404,798
Haripur 412 MW CCPP project(DPP-2) 18,615 147,545
Siddhirganj 335 MW CCPP project 833,209 1,413,671
Siddhirganj 335 MW CCPP (O&M) 444,056 160,399
LA for Munshiganj 300-400 MW project - 3,000
Sonagazi 50MW Solar PP Const. Proj. 3,638 -
LA for Feni 100 MW solar & 100 MW wind PP project - 785
134,032,835 120,614,997
9.2 Siddhirganj 2x120 MW PPP(O&M)
Temporary advance 15,325,743 -

Security deposit for telephone connection 21,398 21,398
15,347,141 21,398
9.3 Haripur 412 MW CCPP (O&M)
Temporary advance 1,317,524 1,044,494

Prepaid Interest (JICA BD P-58) 139,776,701 -
Prepaid Interest (GoB-412MW) 23,345,271 -
Security deposit to BREB 1,457,200 1,457,200
165,896,696 2,501,694
9.4 Haripur 412 MW CCPP project (2nd DPP)
Advance tax at source - -

Custom house, Dhaka (CD-VAT) A/c-1020 878 878
878 878
9.5 Siddhirganj 335 MW CCPP project
Temporary advance - 1,766,926

Global tax - 59,230
CD-VAT A/c with custom house 9.5.1 - 369,362,920
- 371,189,076
69
ANNUAL REPORT 2020

9.5.1 CD-VAT A/c with custom house 30 June 2020 30 June 2019
Custom house, Dhaka (CD-VAT) A/c-1020 - 92,769,407

Custom house, Ctg. port (CD-VAT) A/c-615 - 276,593,514
- 369,362,920
10.00 Trade & other receivables
Accounts receivable from sale of energy-BPDB 10.1 3,183,972,138 4,035,908,951

Other receivables 10.2 224,077,794 10,828,028
3,408,049,932 4,046,736,979
10.1 Accounts receivable from sale of energy-BPDB
Siddirganj 2x120 MW PPP (O&M) 10.1.1 842,775,600 743,732,815

Haripur 412MW CCPP (O&M) 10.1.2 1,591,413,835 2,753,296,369
Siddirganj 335 MW CCPP (O&M) 10.1.3 749,783,002 538,880,066
3,183,972,437 4,035,909,250
Less: Adjustment from Loan & Advance from BPDB (299) (299)
3,183,972,138 4,035,908,951
10.1.1 Siddirganj 2x120 MW PPP(O&M)
Opening balance 743,732,815 964,065,751

Add: Receivable increase during the year 2,386,200,183 2,924,556,229
3,129,932,998 3,888,621,980
Less: Received during the year (2,155,320,449) (2,581,361,595)
Total receivable 974,612,548 1,307,260,385
Provision for plant outage during the period 10.1.1.1 (131,836,948) (563,527,570)
Net receivable 842,775,600 743,732,815
10.1.1.1 Plant outage
Opening balance 2,438,163,327 1,874,635,757

Add: Provision for plant outage during the year 131,836,948 563,527,570
Add/(Less): Additional provision for plant outage for preceding year - -
2,570,000,275 2,438,163,327
10.1.2 Haripur 412MW CCPP (O&M)
Opening balance 2,753,296,369 1,535,847,585

9,348,491,010 6,997,204,952
Total receivable 1,915,120,962 2,971,710,111
Net receivable 1,591,413,835 2,753,296,369
Opening balance 2,124,449,063 1,906,035,321

Add/(Less): Additional provision for plant outage for preceding year 7,884,420 -
2,448,156,191 2,124,449,063
70
ANNUAL REPORT 2020

10.1.3 Siddhirganj 335 MW CCPP (O&M) 30 June 2020 30 June 2019
Opening balance 538,880,066 441,940,724

4,592,820,936 2,514,112,591
Total receivable 1,543,371,580 862,033,140
Net receivable 749,783,002 538,880,066
Opening balance 323,153,074 -

1,116,741,652 323,153,074
10.2 Other receivables:
Corporate office 147,157,970 9,145,992

Sid. 2x120 MW PPP (FGMO/Insurance Reimbursement) 76,894,326 -
Haripur 412 MW CCPP-O&M 25,498 20,515
Siddhirganj 335 MW CCPP-O&M - 1,661,521
224,077,794 10,828,028
11.00 Cash and cash equivalents
Cash in hand 11.1 120,000 100,000

Cash at bank 11.2 1,191,401,182 3,469,362,479
Fixed deposit receipts (FDR) 11.3 9,118,901,090 7,886,454,451
10,310,422,272 11,355,916,930
11.1 Cash in hand
Imprest for corporate 30,000 30,000

Imprest for Siddhirganj 2x120 MW PPP (O&M) 20,000 20,000
Imprest for Haripur 412 MW CCPP (O&M) 30,000 30,000
Imprest for Siddhirganj 335 MW CCPP project - 10,000
Imprest for Siddhirganj 335 MW O&M 20,000 10,000
Imprest for Sonagazi 50 MW Solar power plant project 20,000 -
120,000 100,000
11.2 Cash at bank
A) Corporate office:
SBL, Kawran Bazar Br. STD A/c No.: 01172-36000294 32,519,655 416,912,127
SBL, Kawran Bazar Br, STD A/c No.:01172-36000996 (SD) 1,488,406 1,249,995
SBL, Kawran Bazar Br, STD A/c No.:01172-36001004 (Misc.) 16,182,172 1,409,055
Bank Asia Ltd, BSMMU Br., STD A/c No. 08536000036 11,008,656 7,481,032
Janata Bank, SND#0100100216862 (Sid.2x120 MW) 581,470,161 342,288,672
Janata Bank, SND#0100100226728 (Har. 412 MW) 261,542,338 18,239,334
Rupali Bank Ltd, local office, STD A/c No.: 0018024000166(Ex-1667, L/C) 6,110,697 5,663,650
Standard Chartered Bank, Gulshan Br., A/c No.: 02-3770680-01 (officers salary) 13,939,360 3,601,782
UCBL, Elephant Road Br., STD A/c No: 0171301000000320 7,660,973 13,097,234
931,922,418 809,942,881
71
ANNUAL REPORT 2020

30 June 2020 30 June 2019
B) Siddhirganj 2x120 MW PPP (O&M)
Agrani Bank Ltd., SPS Br., A/c No. 0200011857453 (Contr. STD) 9,912,721 398,338
Agrani Bank Ltd., SPS Br., A/c No. 36000484(551) 9,372,768 7,257,090
Agrani Bank Ltd., SPS Br., A/c # 36000501(561)(SD) 7,719,101 7,166,994
27,004,589 14,822,422
C) Haripur 412 MW CCPP (O&M)
Agrani Bank, Sidd. power station Br., SND A/c No# 016636000567 (SD)` 11,235,795 8,605,859
Agrani Bank, Sidd. power station Br., SND A/c No# 36000575 (Misc) 10,526,645 4,687,732
Exim Bank, Shimrail Br., SND A/c No# 01213100463734 13,710,140 2,170
Exim Bank, Shimrail Br., SND A/c No# 01213100409158 10,061,726 4,608,388
45,534,306 17,904,149
D) Haripur 412 MW CCPP project (2nd DPP)
UCBL, Elephant Road Br., SND A/c # 0171301000000251 697

UCBL, Elephant Road Br., SND A/c # 0171301000000262 -
UCBL, Elephant Road Br., SND A/c # 0171301000000273 2,299,099
UCBL, Elephant Road Br., SND A/c # 0171301000000284 -
- 2,299,796
E) Siddhirganj 335 MW CCPP project
Premier Bank Ltd, Kaw. Br., STD A/c No. 107-13100000750 80,430,422 5,481,268
Premier Bank Ltd, Kaw. Br.,STD A/c No.107-131-0000-561-1(SD) 10,133 225,161
Premier Bank Ltd, Kaw. Br.,STD A/c No.107-131-0000-561-2(Misc) 61,772,360 60,185,736
SBL, local office Br., STD A/c No. 8600009(FCAE-EURO) - 769,120,979
SBL, local office Br., STD A/c No. 00024(FCAD-USD) - 1,641,346,722
SBL, local office Br., STD A/c No. 0117-360003131 (LC) 681,057 2,350
SBL, Kawranbazar Br., STD A/c No. 0117-36000988 (fund) 2,986,463 2,148
145,880,435 2,476,364,364
F) Siddhirganj 335 MW CCPP (O&M)
Agrani Bank, SND A/c # 0200003830762 - -

Exim Bank , SND A/c # 01213100532736 37,563,509 148,028,867
37,563,509 148,028,867
G) Sonagazi 50 MW Solar power plant construction project
Bank Asia, SND# 08536000075 3,486,639 -

Bank Asia, STD# 08536000071 9,286 148,028,867
3,495,925 148,028,867
Total (A+B+C+D+E+F+G) 1,191,401,182 3,469,362,479
72
ANNUAL REPORT 2020

30 June 2020 30 June 2019
11.3 Fixed deposit receipts (FDR)
Opening balance 7,886,454,450 8,311,150,339
Add: Interest / Principal re-investment 6,118,561,201 4,451,051,549
14,005,015,651 12,762,201,888
FDR encashment (4,886,114,562) (4,875,747,437)
9,118,901,090 7,886,454,451
12.00 Share capital
12.1 Authorized capital

Opening balance (3,000,000 ordinary share @ Tk. 1,000 Each) 50,000,000,000 3,000,000,000
Add: Addition during the year (47,000,000 ordinary share @ Tk. 1,000 Each) - 47,000,000,000
Total authorize capital (50,000,000 ordinary share @ Tk. 1,000 Each) 50,000,000,000 50,000,000,000
12.2 Issued, subscribed & paid-up capital
Opening balance ( 17,673 shares @ Tk. 1000 each) 378,972,000 17,673,000

Add: Issued during the year ( 361,299 shares @ Tk. 1000 each) - 361,299,000
Total paid-up capital (378,972 ordinary share @ Tk. 1,000 Each) 378,972,000 378,972,000
12.3 Composition of shareholders as on 30 June 2020
Sl. Number of Number of

No. Name & Address Shares Shares
1 Bangladesh power development board (BPDB), * 378,965 378,965
WAPDA building, Motijheel C/A, Dhaka.
2 Mohammad Alauddin 1 -
Additional Secretary, Power division, MPEMR, Bangladesh secretariat, Dhaka.
3 Dr. Ahmad Kaikaus - 1
Secretary, Power division, MPEMR, Bangladesh secretariat, Dhaka.
4 "Neelufar Ahmed" 1 1
Special assistant to Prime Minister's, Dhaka-1212.
5 Begum Rubina Amin 1 1
Additional secretary, Finance division, MOF.
6 Md. Belayet Hossain, 1 -
Chairman, BPDP, WAPDA building, Motijheel C/A, Dhaka.
7 Khaled Mahmood, - 1
Chairman, BPDP, WAPDA building, Motijheel C/A, Dhaka.
8 "Md. Zakir Hossain " 1 -
Member (Generation), BPDP, WAPDA building, Motijheel C/A, Dhaka.
9 "Sayeed Ahmed " - 1
Member(Generation), BPDP, WAPDA building, Motijheel C/A, Dhaka.
10 Abul Khayer Md. Aminur Rahman 1 1
Additional Secretary, Power division, MPEMR, Bangladesh secretariat, Dhaka.
11 M. Anamul Kabir Emon 1 1
Barrister at-law, Advocate, Supreme court of Bangladesh, Dhaka.
Total 378,972 378,972
73
ANNUAL REPORT 2020
13.00 Equity from government Notes Amounts in BDT

30 June 2020 30 June 2019
Shiddhirganj 2x120MW PPP (O&M) 13.1 2,229,784,463 2,229,784,463
Haripur 412 MW CCPP (O&M) 13.2 1,784,812,355 1,784,812,355
Haripur 412 MW CCPP project (DPP-2) 13.3 (a) - -
Shiddhirganj 335 MW CCPP project 13.4 (a) - 2,568,652,877
Shiddhirganj 335 MW CCPP O&M 13.5 (a) 2,707,538,967 -
LA of 100 MW solar & 100 MW wind project 13.6 (a) 572,280,000 572,280,000
LA of 2x600 MW coal based power plant project 13.7 (a) - 914,383,424
LA of Munshiganj 300-400 MW coal based power plant project 13.8 (a) 1,033,126,089 1,033,126,089
8,327,541,875 9,103,039,209
"The company has written to power division under ministry of power, energy and mineral resources
requesting them to give necessary direction to the company to issue shares against the equity received
from the GoB. "
13.1 GOB equity for Shiddhirganj 2x120MW PPP (O&M)
Opening balance 2,229,784,463 2,229,784,463

Add: Addition during the period - -
2,229,784,463 2,229,784,463
13.2 GOB equity for Haripur 412 MW CCPP (O&M)
Opening balance 1,784,812,355 1,517,186,307

Add: Transfer from project (DPP-2) 13.3(a) - 267,626,048
1,784,812,355 1,784,812,355
13.3 GOB finance for Haripur 412 MW CCPP project (DPP-2)
Opening balance - 888,956,000

Add: Addition during the period - 227,500,000
- 1,116,456,000
Refund to GOB - (670,412,586)
- 446,043,414
Transfer to O&M - (446,043,414)
- -
Classification of GOB finance:
(a) As equity (60%) - 267,626,048
(b) As loan (40%) - 178,417,366
- 446,043,414
13.4 GOB finance for Siddhirganj 335 MW CCPP project
Opening balance 4,281,088,129 4,469,310,787

4,881,088,129 4,619,310,787
Refund to GOB (368,523,184) (338,222,658)
Transfer to O&M (4,512,564,946) -
- 4,281,088,129
74
ANNUAL REPORT 2020

30 June 2020 30 June 2019
(a) As equity (60%) - 2,568,652,877
(b) As loan (40%) - 1,712,435,252
- 4,281,088,129
13.5 GOB finance for Siddhirganj 335 MW CCPP O&M
Opening balance - -
Add: Transfer from project 4,512,564,946 -
4,512,564,946 -
Refund to GOB - -
4,512,564,946 -
(a) As equity (60%) 2,707,538,967 -
(b) As loan (40%) 1,805,025,978 -
4,512,564,946 -
13.6 GOB finance for LA of 100 MW solar & 100 MW wind project
Opening balance 953,800,000 953,800,000

Add: Addition during the year - -
953,800,000 953,800,000
Refund to GOB - -
953,800,000 953,800,000
(a) As equity (60%) 572,280,000 572,280,000

(b) As loan (40%) 381,520,000 381,520,000
953,800,000 953,800,000
13.7 GOB finance for LA of 2x600 MW coal based power plant project
Opening balance 1,523,972,373 1,523,972,373

Add: Addition during the year -
1,523,972,373 1,523,972,373
Refund to GOB (1,523,972,373) -
- 1,523,972,373
(a) As equity (60%) - 914,383,424
(b) As loan (40%) - 609,588,949
- 1,523,972,373
13.8 GOB finance for LA of Munshiganj 300-400 MW coal based power plant project
Opening balance 1,721,876,815 -
Add: Addition during the year - 1,721,876,815
1,721,876,815 1,721,876,815
Refund to GOB - -
1,721,876,815 1,721,876,815
75
ANNUAL REPORT 2020

30 June 2020 30 June 2019
(a) As equity (60%) 1,033,126,089 1,033,126,089
(b) As loan (40%) 688,750,726 688,750,726
1,721,876,815 1,721,876,815
14.00 Research & development fund
Opening balance 513,876,023 321,383,365

Add: Addition during the year (10% of net profit after tax) 243,908,473 181,631,646
Add: Interest during the year from investment of the fund 24,541,007 10,861,012
782,325,502 513,876,023
Less: Fund used - -
782,325,502 513,876,023
15.00 Retained earnings
Opening balance 5,481,139,170 4,172,167,362

Add: Net profit/(loss) after tax for the year 2,439,084,731 1,816,316,455
Add: Received from welfare fund trustee - 24,316,015
Add: Prior years adjustments - (29,016)
7,920,223,901 6,012,770,816
Less: Dividend paid (350,000,000) (350,000,000)
Less: Adjustment of Haripur 100 MW HFO project expenses (462,608) -
Less: Allocation to research & development (R&D) fund (243,908,473) (181,631,646)
(594,371,081) (531,631,646)
7,325,852,820 5,481,139,170
16.00 Loan from Government

(Details in annexure-C)
Siddhirganj 2x120MW PPP (O&M) 16.1 817,587,637 891,913,785
Haripur 412 MW CCPP-O&M (DPP-1) 16.2 657,447,399 708,020,276
Haripur 412 MW CCPP-O&M (DPP-2) 16.3 178,417,366 178,417,366
Siddhirganj 335 MW CCPP project 13.4 (b) - 1,712,435,252
Siddhirganj 335 MW CCPP O&M 13.5 (b) 1,805,025,978 -
LA of 100 MW solar & 100 MW wind project 13.6 (b) 381,520,000 381,520,000
LA of 2x600 MW coal based power plant project 13.7 (b) - 609,588,949
LA of 300-400 MW coal based power plant project 688,750,726 688,750,726
4,528,749,106 5,170,646,354
Classification :
A. Non-current portion
(a) Loan from government- 2x120MW 743,261,489 817,587,637

(b) Loan from government- 412MW(DPP-1) 606,874,522 657,447,399
(c) Loan from government- 412MW (DPP-2) 178,417,366 178,417,366
(d) Siddhirganj 335 MW CCPP project - 1,712,435,252
(e) Siddhirganj 335 MW CCPP O&M 1,714,774,679 -
(e) LA of 100 MW solar & 100 MW wind project 381,520,000 381,520,000
(f) LA of 2x600 MW coal based power plant project - 609,588,949
(g) LA of 300-400 MW coal based power plant project 688,750,726 688,750,726
4,313,598,783 5,045,747,329
76
ANNUAL REPORT 2020

30 June 2020 30 June 2019
B. Current portion
(a) Loan from government- (2x120MW) 74,326,148 74,326,148
(b) Loan from government- (412MW) 50,572,877 50,572,877
(C) Loan from government- (335 MW) 90,251,299 -
215,150,324 124,899,025
4,528,749,106 5,170,646,354
16.1 Siddhirganj 2x120MW PPP (O&M)
Opening balance 891,913,785 1,040,566,083

Add: addition during the year - -
891,913,785 1,040,566,083
Payment during the year (74,326,149) (148,652,298)
817,587,637 891,913,785
16.2 GOB loan for Haripur 412 MW CCPP (O&M)-DPP-1
Opening balance 708,020,276 809,166,030

Add: Transfer from project - -
708,020,276 809,166,030
Less: Payment/adjustment during the year (50,572,877) (101,145,754)
657,447,399 708,020,276
16.3 GOB loan for Haripur 412 MW CCPP (O&M)-DPP-2
Opening balance 178,417,366 -

Add: Transfer from project (DPP-2) - 178,417,366
178,417,366 178,417,366
Less: Payment/adjustment during the year - -
178,417,366 178,417,366
17.00 Loan from ADB for Siddhirganj 2x120 MW PPP 30 June 2020 30 June 2019 30 June 2020 30 June 2019
(Details in annexure-D-1) US Dollar US Dollar BDT BDT
Opening balance 68,306,402 73,770,914 5,771,890,969 6,174,625,502
Add: Addition during the year - - - -
68,306,402 73,770,914 5,771,890,969 6,174,625,502
Less: Payment during the year (5,464,512) (5,464,512) (462,844,177) (458,199,341)
62,841,890 68,306,402 5,309,046,792 5,716,426,161
Add/(Less): Curr. exch. loss/(gain)-realized - - 1,092,913 819,687
Book value before unrealized curr. fluc. loss/(gain) 62,841,890 68,306,402 5,310,139,705 5,717,245,848
Add/(Less): Curr. exch. loss/(gain)-unrealized - - 21,994,662 54,645,121
62,841,890 68,306,402 5,332,134,367 5,771,890,969
Classification :
A. Loan from ADB- non-current portion 57,377,378 62,841,890 4,868,470,523 5,310,139,705
B. Loan from ADB- current portion 5,464,512 5,464,512 463,663,843 461,751,264
62,841,890 68,306,402 5,332,134,367 5,771,890,969
ADB loan profile:
A subsidiary loan agreement (SLA) was signed between government of Bangladesh ( GoB) &
Bangladesh power development board (BPDB) under loan no- 2039 BAN (funded by ADB) to construct
Siddhirgonj 2x100 MW (renamed as 2x120MW) peaking power plant. Later on board of BPDB took
decision by a board resolution of 1158th board meeting held on 11/09/05 to hand over the assets &
77
ANNUAL REPORT 2020
liabilities of the said plant to the company. In this context ministry of finance also assured through a
letter vide ref # 07.141.032.00.00.045.2013-231, dated- 30/12/13, as the company has taken over assets &
liabilities of the said plant so there will be no constraint to repay DSL by the company both principal &
interest to govt. as per aforementioned SLA with BPDB. The terms & conditions as per the said SLA are
given in the below:
Loan limit : USD 186 Million

Loan taken so far : USD 109,290,242.44
Purpose : To construct Siddhirganj 2x120 MW PP Plant.
Interest rate : 5%
Tenure : 25 Years including a grace period of 5 years
Repayment : 40 half yearly installment payable on 15 January & 15 July every year
starting from 15 January 2012
Security : None
18.00 Loan from JICA (Haripur 412 MW CCPP) 30 June 2020 30 June 2019 30 June 2020 30 June 2019
JPY JPY BDT BDT
(Details in annexure-D-2 to 4)
JICA loan BD P-55 18.1 10,368,218,236 11,459,609,629 8,177,413,720 8,974,020,300
JICA loan BD P-58 18.2 17,450,017,689 12,339,297,208 13,762,828,950 14,677,339,138
JICA loan BD P-58 18.3 - - - -
27,818,235,925 23,798,906,837 21,940,242,670 23,651,359,438
Classification :
A. Loan from JICA- non-current portion 25,434,250,629 27,818,235,925 20,059,993,467 21,784,460,553
B. Loan from JICA- current portion 2,383,985,296 2,383,985,296 1,880,249,203 1,866,898,885
27,818,235,925 30,202,221,221 21,940,242,670 23,651,359,438
18.1 JICA loan BD P-55 (DPP-1) 30 June 2020 30 June 2019 30 June 2020 30 June 2019
(Details in annexure-D-2) JPY JPY BDT BDT
Opening balance 11,459,609,629 12,551,001,01 8,974,020,300 9,489,811,870
Add: Addition/Adjustment during the year (2nd DPP) - - -
11,459,609,629 12,551,001,022 8,974,020,300 9,489,811,870
Payment during the year (1,091,391,393) (1,091,391,393) (853,904,626) (832,731,634)
10,368,218,236 11,459,609,629 8,120,115,674 8,657,080,236
Add/(Less): Curr. exch. loss/(gain)-realized - - (763,974) 7,530,601
Book value before unrealized curr. fluc. loss/(gain) 10,368,218,236 11,459,609,629 8,119,351,700 8,664,610,837
10,368,218,236 11,459,609,629 8,177,413,720 8,974,020,300
18.2 JICA loan BD P-58 (DPP-1) 30 June 2020 30 June 2019 30 June 2020 30 June 2019
Opening balance 18,742,611,591 12,985,594,160 14,677,339,138 9,818,407,744
Add: Addition/Adjustment during the year (2nd DPP) - - - -
18,742,611,591 12,985,594,160 14,677,339,138 9,309,372,453
Payment during the year (1,292,593,903) (646,296,951) (1,002,794,350) (488,600,495)
17,450,017,689 12,339,297,208 13,674,544,788 8,820,771,958
Add/(Less): Curr. exch. loss/(gain)-realized - - (9,435,935) (64,630)
Book value before unrealized curr. fluc. loss/(gain) 17,450,017,689 12,339,297,208 13,665,108,853 8,820,707,328
17,450,017,689 12,339,297,208 13,762,828,950 9,662,903,644
Add: Transfer from (DPP-2) - 6,403,314,383 - 5,014,435,493
17,450,017,689 18,742,611,591 13,762,828,950 14,677,339,138
78
ANNUAL REPORT 2020
30 June 2020 30 June 2019 30 June 2020 30 June 2019

18.3 JICA loan BD P-58 (DPP-2) JPY JPY BDT BDT
(Details in annexure-D-4)
Opening balance - 6,402,867,012 - 4,841,207,748
Add: Addition/Adjustment during the year - 447,371 - -
- 6,403,314,383 - 4,841,207,748
Add/(less): Curr. fluctuation loss/(gain) adjustment* - - 173,227,745
- 6,403,314,383 - 5,014,435,493
Transfer to O&M - (6,403,314,383) - (5,014,435,493)
- - - -
JICA loan profile
The company, by two subsidiary loan agreements ( SLA) with the govt. of Bangladesh (GoB) is enjoying a long term loan facility from JICA
under the loan No.BD P-55 & 58 on the following terms and conditions:
Loan limit : JP ¥ 37,636,632,956

Loan taken so far : BD P-55 JPY 16,370.87 million.
BD P-58 JPY 12985.59 million (DPP-1) and JPY 640.33 million (DPP-2),
i.e, Total loan for BD P-58 = 19,388.91 million
Grand total loan for Haripur 412 MW = JPY 35,759.77 million (Both BD P-55 & P-58)
Purpose : To construct Haripur 412 MW combined cycle power plant
Interest rate : 2%
Tenure : 20 Years including a grace period of 5 years
Repayment : 30 semi- annual installments payable on 15 January & 15 July of every year,
starting from 15 January 2015 for BD P-55 and 15 January 2019 for BD P-58
Security : None

19.00 Loan from World Bank US Dollar US Dollar BDT BDT
Shiddhirganj 335 MW CCPP 19.01 335,895,355 282,366,480 28,500,720,848 23,859,967,570

Sonagazi 50 MW Solar PPCP 19.02 105,786 - 8,975,941 -
336,001,141 282,366,480 28,509,696,789 23,859,967,570
Classification 30 June 2020 30 June 2019 30 June 2020 30 June 2019

US Dollar US Dollar BDT BDT
A. Non-current portion
i) Loan from WB (Sid.335 MW) 313,502,331 282,366,480 26,600,672,790 23,859,967,570
ii)Loan from WB (Sonagazi 50 MW)- non-current portion 105,786 - 8,975,941 -
313,608,117 282,366,480 26,609,648,731 23,859,967,570
B. Current portion
i) Loan from WB (Sid.335 MW) 22,393,023.67 - 1,900,048,058 -
ii)Loan from WB (Sonagazi 50 MW)- current portion - - - -
22,393,024 - 1,900,048,058 -
336,001,141 282,366,480 28,509,696,789 23,859,967,570
19.01 Loan from World Bank for Shiddhirganj 335 MW CCPP 30 June 2020 30 June 2019 30 June 2020 30 June 2019
WB loan 4508-BD 19.1.1 223,243,198 223,057,406 18,942,185,350 18,848,350,862
WB loan 5737-BD 19.1.2 112,652,157 59,309,073 9,558,535,498 5,011,616,708
335,895,355 282,366,480 28,500,720,848 23,859,967,570
79
ANNUAL REPORT 2020

19.1.1 WB loan 4508-BD
Opening balance 223,057,406 224,129,897 18,848,350,862 18,759,672,363
Add: Addition during the year 185,792 446,905 15,711,478 37,621,899
223,243,198 224,576,801 18,864,062,340 18,797,294,262
Less: Refund during the year - (1,519,395) - (128,254,742)
Add/Less: Curr. fluctuation loss/(gain) adjust.* - - 78,123,010 179,311,342
223,243,198 223,057,406 18,942,185,350 18,848,350,862

19.1.2 WB loan 5737-BD
Opening balance 59,309,073 39,554,420 5,011,616,708 3,310,704,900
Add: Addition during the year 53,343,083 19,754,654 4,515,852,822 1,659,946,178
112,652,157 59,309,073 9,527,469,530 4,970,651,078
Payment during the year - - - -
Add/Less: Curr. fluctuation loss/(gain) adjust.* - - 31,065,968 40,965,631
112,652,157 59,309,073 9,558,535,498 5,011,616,708
World bank loan profile

The company by a subsidiary loan agreement (SLA) with the government of Bangladesh (GoB) is enjoying a long term loan facility from
World bank under loan No - 4508 BD & 5737 BD on the following terms & conditions:
Loan limit : USD 403.60 million ( including additional financing of US$ 176.71 million)
Loan taken so far : 4508-BD USD 223.24 million, 5737-BD 112.65 million,
Total 335.90 million
Purpose : To construct Siddhirgonj 335 MW combined cycle power plant.
Interest rate : 4%
Tenure : 20 years including a grace period of 5 years
Repayment : 30 semi- annual installments payable on 1st February & 1st August of every year
Security : None
19.02 WB Loan 63630 BD 30 June 2020 30 June 2019 30 June 2020 30 June 2019
(Sonagazi 50 MW Solar PPCP) US Dollar US Dollar BDT BDT
Opening balance - - - -
Add: Addition/Adjsutment during the year 105,786 - 8,986,520 -
105,786 - 8,986,520 -
Payment during the year - - - -
105,786 - 8,986,520 -
Add/Less: Curr. fluctuation loss/(gain)-unrealized - - (10,579) -
105,786 - 8,975,941 -
80
ANNUAL REPORT 2020

20.00 Loans & advances from BPDB
30 June 2020 30 June 2019
Opening Balance - 299
Less: Transfer to share money deposit 20.1 - -
- 299
Less: Adjsuted with receivable from BPDB - (299)
- -
20.1 Share money deposit
Opening balance - 361,299,000
- 361,299,000
Less: Converted to ordinary share capital - (361,299,000)
- -
21.00 Lease Liabilities
Corporate Office 9,809,450 -

Sid. 2x120 MW PPP 48,874,484
Haripur 412 MW CCPP 102,296,644 -
Sid. 335 MW CCPP 23,576,658 -
184,557,236 -
22.00 Security deposit & retention money
Corporate 1,263,391 1,059,672

Siddhirganj 2x120 MW PPP - O&M 6,300,025 5,972,865
Haripur 412 MW CCPP (O&M) 11,235,795 8,605,859
Siddhirganj 335 MW CCPP project - 6,289,810
Siddhirganj 335 MW CCPP (O&M) 1,074,230 85,505
19,873,443 22,013,711
23.00 Trade & other payables

Corporate 23.1 294,624,891 237,017,606
Siddhirganj 2x120 MW PPP - O&M 23.2 611,505,904 501,133,413
Haripur 412 MW CCPP -O&M . 23.3 733,806,272 1,186,787,484
Siddhirganj 335 MW CCPP- project 23.4 145,880,435 80,555,805
Siddhirganj 335 MW CCPP- O&M 23.5 385,338,763 482,177,767
Sonagazi 50 MW Solar Power plant project 23.6 20 -
2,171,156,285 2,487,672,075
23.1 Corporate
Provision for audit fees 535,388 426,500
Payable to gratuity trust 45,027,208 59,612,955
VAT & tax payable 41,829 40,802
Salary payable 67,386 2,175
Sundry bills payable 4,979,132 807,304
Payable to PM relief fund 8,548 8,548
Payable to R&D fund 243,908,473 176,118,547
Others payable 56,927 775
294,624,891 237,017,606
81
ANNUAL REPORT 2020

23.2 Siddhirganj 2x120 MW PPP - O&M 30 June 2020 30 June 2019
Gas bill payable- Titas gas 386,099,231 237,664,936

Provision for HHV factor- Titas gas 215,536,047 215,536,047
VAT & tax payable - 7,350,460
Sundry bills payable 9,870,626 20,964,310
Land lease rent payable to BPDB 23.2.1 - 19,617,660
611,505,904 501,133,413
23.2.1 Land lease rent payable to BPDB
Opening balance 19,617,660 15,258,180

Add: Addition during the year - 4,359,480
19,617,660 19,617,660
Payment during the year (19,617,660) -
- 19,617,660
23.3 Haripur 412 MW CCPP -O&M
Gas bill payable- Titas Gas 710,101,414 865,633,048
Provision for HHV factor- Titas Gas 19,650,042 280,076,036
Sundry bills payable 4,054,816 -
733,806,272 1,186,787,484
Opening balance 41,078,400 32,115,840

41,078,400 41,078,400
Less: Payment during the year (41,078,400) -
- 41,078,400
23.4 Siddhirganj 335 MW CCPP project
Provision for HHV factor- Titas Gas - 10,273,080

Vat & tax payable - 70,282,070
Other liabilities 145,880,435 655
145,880,435 80,555,805
23.5 Siddhirganj 335 MW CCPP (O&M)
Gas bill payable- Titas Gas 385,203,710 385,545,536

Provision for HHV factor- Titas Gas - 72,387,732
Vat & tax payable 7,540 11,957,017
Sundry bills payable 127,513 76,162
385,338,763 482,177,767
Opening balance 12,211,320 9,684,840

12,211,320 12,211,320
Less: Payment during the year (12,211,320) -
- 12,211,320
82
ANNUAL REPORT 2020

23.6 Sonagazi 50 MW Solar Power plant project 30 June 2020 30 June 2019
Revenue Stamp 20 -
-
20 -
24.00 Interest payable on loan
Interest on GOB loan 24.1 618,966,635 1,026,872,068
Interest on ADB loan (Siddhirganj 2x120 MW PPP ) 24.2 - 1,862,691,953
Interest on JICA loan (Haripur 412 MW CCPP) 24.3 23,583 1,566,529,226
Interest on WB loan (Sid. 335 MW CCPP) 24.4 4,263,649,969 3,961,409,242
Interest on WB loan (Sonagazi 50 MW Solar PP Proj.) 22.5 19,888 -
4,882,660,075 8,417,502,489
24.1 Interest payable on GOB loan
(Details in annexure-C)
Siddhirganj 2x120 MW PPP 24.1.1 - 449,204,843
Haripur 412 MW CCPP (O&M) 24.1.2 - 54,119,906
Haripur 412 MW CCPP (O&M, DPP-2) 24.1.3 6,876,261 1,523,740
Siddhirgonj 335 MW CCPP-project 24.1.4 - 458,472,011
Siddhirgonj 335 MW CCPP-O&M 24.1.5 511,858,767 -
LA for Feni 100 MW solar & 100 MW wind PP project 24.1.6 36,704,315 25,258,715
LA for 2x600 MW USC coal based PP project 24.1.7 41,789,187 37,217,270
LA for Munshiganj 300-400 MW USC coal based PP project 24.1.8 21,738,105 1,075,583
618,966,635 1,026,872,068
24.1.1 Siddhirganj 2x120 MW
Opening balance 449,204,843 401,961,921
490,786,760 449,204,843
Less: Paid during the year (490,786,760) -
- 449,204,843
24.1.2 Haripur 412 MW(O&M)-DPP-1
Opening balance (Including IDC) 54,119,906 42,959,234
64,125,022 54,119,906
Less: Paid during the year (87,470,293) -
(23,345,271) 54,119,906
Less: Prepaid Interest 23,345,271 -
- 54,119,906
24.1.3 Haripur 412 MW(O&M)-DPP-2
Opening balance(IDC) 1,523,740 -
6,876,261 1,523,740
Less: Paid during the year - -
6,876,261 1,523,740
24.1.4 Siddhirgonj 335 MW CCPP project
Opening balance(IDC) 458,472,011 404,490,144
Add: Addition during the year(IDC) 53,386,756 53,981,866
511,858,767 458,472,011
Less: Transfer during the year (511,858,767) -
- 458,472,011
83
ANNUAL REPORT 2020

24.1.5 Siddhirgonj 335 MW CCPP -O&M 30 June 2020 30 June 2019
Opening balance - -
Add: Transfer during the year 511,858,767 -
511,858,767 -
511,858,767 -
24.1.6 LA for Feni 100 MW solar & 100 MW wind PPP project
36,704,315 25,258,715
36,704,315 25,258,715
24.1.7 LA for Pekua 2x600 MW coal based power plant project
41,789,187 37,217,270
41,789,187 37,217,270
24.1.8 LA for Munshiganj 300-400 MW coal based power plant project

Opening balance(IDC) 1,075,583 -
21,738,105 1,075,583
21,738,105 1,075,583
24.2 Interest Payable on ADB Loan 30 June 2020 30 June 2019 30 June 2020 30 June 2019
(Details in annexure-D-5) US Dollar US Dollar BDT BDT
Opening balance 22,043,692 29,467,568 1,862,691,953 2,466,435,442
Add: Addition during the year 3,231,173 3,505,148 274,165,029 296,185,006
25,274,865 32,972,716 2,136,856,982 2,762,620,448
Less: Paid during the year (25,274,865) (10,929,024) (2,141,978,699) (916,562,598)
- 22,043,692 (5,121,717) 1,846,057,850
Add/(Less): Curr. fluctuation loss/(gain) adjustment-realized - - 5,121,717 1,803,269
- 22,043,692 - 1,847,861,119
Add/(Less): Curr. fluctuation loss/(gain) adjustment-unrealized - 14,830,834
- 22,043,692 - 1,862,691,953
24.3 Interest payable on JICA loan 30 June 2020 30 June 2019 30 June 2020 30 June 2019
JPY JPY BDT BDT
(Details in annexure-D-6 to 8)
Interest on JICA loan BD (BD P-55, DPP-1) 24.3.1 29,901 1,146,159,748 23,583 897,557,699
Interest on JICA loan BD (BD P-58, DPP-1) 24.3.2 - 775,352,258 - 607,178,353
Interest on JICA loan BD (BD P-58, DPP-2) 24.3.3 - 78,908,407 - 61,793,174
29,901 2,000,420,414 23,583 1,566,529,226
84
ANNUAL REPORT 2020
24.3.1 Interest payable on JICA loan BD (BD P-55, DPP-1) 30 June 2020 30 June 2019 30 June 2020 30 June 2019
JPY JPY BDT BDT
Opening balance (Including IDC) 1,146,159,748 2,055,447,770 897,557,699 1,554,124,059
1,361,089,100 2,291,905,939 1,067,072,479 1,739,294,451
Less: Payment during the year (1,361,059,199) (1,145,746,191) (1,062,798,179) (864,350,927)
29,901 1,146,159,748 4,274,300 874,943,524
Add/(Less): Curr. fluctuation loss/(gain) adjustment-realized - - (8,146,253) 1,947,768
29,901 1,146,159,748 (3,871,953) 876,891,292
Add/(Less): Curr. fluctuation loss/(gain) adjustment-unrealized 3,895,536 20,666,407
29,901 1,146,159,748 23,583 897,557,699
24.3.2 Interest payable on JICA loan BD (BD P-58, DPP-1) 30 June 2020 30 June 2019 30 June 2020 30 June 2019
Opening balance (Including IDC) 775,352,258 1,264,244,565 607,178,353 955,895,316

Add: Merging of JICA loan BD P-58 (DPP-2) 24.3.3 78,908,407 - 61,793,174 -
1,211,583,200 1,520,344,268 950,791,809 1,156,446,994
Less: Payment during the year (1,388,807,367) (744,992,010) (1,100,392,618) (571,706,868)
(177,224,167) 775,352,258 (149,600,809) 584,740,126
Add/(Less): Curr. fluctuation loss/(gain) adjustment-realized - - 9,824,108 8,418,410
(177,224,167) 775,352,258 (139,776,701) 593,158,536
Add/(Less): Curr. fluctuation loss/(gain) adjustment-unrealized - 14,019,817
(177,224,167) 775,352,258 (139,776,701) 607,178,353
Less : Transfer to Prepaid Interest 177,224,167 - 139,776,701 -
- 775,352,258 - 607,178,353
24.3.3 Interest payable on JICA loan BD P-58 (DPP-2) 30 June 2020 30 June 2019 30 June 2020 30 June 2019
JPY JPY BDT BDT
Opening balance (IDC) 78,908,407 - 61,793,174 -
Add: Addition during the year-IDC - 128,066,288 - 100,288,710
78,908,407 128,066,288 61,793,174 100,288,710
Less: Merging with DPP-1 (78,908,407) (49,157,880) (61,793,174) (38,495,536)
- 78,908,407 - 61,793,174
24.4 Interest payable on World Bank loan JPY JPY BDT BDT
Interest on WB loan BD (4508-BD) 24.4.1 42,477,337 42,065,683 3,604,202,072 3,554,550,175
Interest on WB loan BD (5737-BD) 24.4.2 7,771,926 4,814,900 659,447,897 406,859,067
50,249,263 46,880,583 4,263,649,969 3,961,409,242

24.4.1 Interest on WB loan BD (4508-BD) US Dollar US Dollar BDT BDT
Opening balance (IDC) 42,065,683 33,134,455 3,554,550,175 2,773,353,884

Add: Addition during the period (IDC) 8,924,956 8,931,228 757,282,498 754,688,728
50,990,638 42,065,683 4,311,832,673 3,528,042,611
50,990,638 42,065,683 4,326,555,662 3,554,550,175
Paid during the year (8,513,301) (722,353,590) -
42,477,337 42,065,683 3,604,202,072 3,554,550,175
85
ANNUAL REPORT 2020

24.4.2 Interest on WB loan BD (5737-BD) US Dollar US Dollar BDT BDT
Opening balance (IDC) 4,814,900 2,688,078 406,859,067 224,992,165
Add: Addition during the period (IDC) 2,957,026 2,126,822 250,903,615 179,716,439
7,771,926 4,814,900 657,762,681 404,708,604
7,771,926 4,814,900 659,447,897 406,859,067
24.5 Interest on WB loan BD 30 June 2020 30 June 2019 30 June 2020 30 June 2019
(Soangazi 50 MW Solar PPCP) US Dollar US Dollar BDT BDT
Opening balance (IDC) - - - -
Add: Addition during the period (IDC) - - 19,888 -
- - 19,888 -
Add/(Less): Curr. fluctuation loss/(gain) adjustment-unrealized - -
- - 19,888 -
25.00 WPPF provision Notes Amounts in BDT

30 June 2020 30 June 2019
Opening balance 124,673,975 259,384,998
Add: Addition during the year @ 5% on net income before WPPF and tax. 132,324,540 98,735,475
256,998,515 358,120,473
Paid during the year (88,861,927) (233,446,498)
168,136,588 124,673,975
26.00 Income tax provision
Current tax:
Opening balance 59,657,577 54,176,203
Add: Addition during the year (minimum tax @0.6%) 26.1 75,081,522 59,657,577
134,739,099 113,833,780
Less: AIT adjustment against corporate tax current assessment year (59,657,577) (54,176,203)
75,081,522 59,657,577
26.1 Income tax expense during the year
Addition during the year 75,081,522 59,657,577

Reimbursement of corporate income tax - -
75,081,522 59,657,577
* As per decision of the management IncomeTax provision has been made under minimum tax rate @ 0.6% on gross receipts as follows:
Revenue Items Revenue Amount (tk) Tax rate Tax Amount

Revenue from sales of energy 11,786,203,040.85 0.6% 70,717,218
Non operating income 727,384,017.00 0.6% 4,364,304
Total 12,513,587,057.85 0.6% 75,081,522
86
ANNUAL REPORT 2020
Deferred tax :
As per provision of power purchase agreement (PPA) between EGCB and BPDB, BPDB will pay the corporate income tax of
the company only to the extent of income tax related to sales of energy to BPDB on actual basis. Therefore, no provision for
deferred tax has been considered in these financial statements.
NB: Income Tax authority conducted audit on the Company’s Tax return file for the FY 2015-16 (AY 2016-17) and issued a tax
demand amounting to BDT 134,628,538. In response of that, the Company attended tax hearing and conducted tax appeal,
tribunal and other related undertakings to settle the issue. The said issue is now under tribunal phase which may be solved by
next financial year.
27.00 Revenue from sales of energy

(Details in Annexure-E)
30 June 2020 30 June 2019
Siddhirganj 2x120 MW PPP - O&M 27.1 2,254,363,235 2,361,028,659
Haripur 412 MW CCPP - O&M 27.2 6,271,487,514 5,242,943,625
Siddhirganj 335 MW CCPP - O&M 27.3 3,260,352,292 1,749,018,793
11,786,203,041 9,352,991,077
27.1 Siddhirganj 2x120 MW PPP - O&M
Capacity payment 1,656,822,456 2,112,289,290

Energy payment 729,377,726 812,266,939
2,386,200,183 2,924,556,229
Plant outage (131,836,948) (563,527,570)
2,254,363,235 2,361,028,659
27.2 Haripur 412 MW CCPP - O&M

Energy payment 2,915,176,410 2,018,913,580
6,595,194,641 5,461,357,367
Plant outage (323,707,128) (218,413,742)
6,271,487,514 5,242,943,625
27.3 Siddhirganj 335 MW CCPP - O&M

Energy payment 1,282,849,543 920,738,509
Pre-COD invoice - 117,779,561
4,053,940,870 2,072,171,867
Plant outage (793,588,578) (323,153,074)
3,260,352,292 1,749,018,793
28.00 Cost of energy sold

Siddhirganj 2x120 MW PPP - O&M 28.1 1,543,528,571 1,741,815,602
Haripur 412 MW CCPP - O&M 28.2 4,420,237,020 3,454,353,696
Siddhirganj 335 MW PPP - O&M 28.3 2,890,471,269 1,785,448,121
8,854,236,860 6,981,617,419
87
ANNUAL REPORT 2020
28.1 Siddhirganj 2x120 MW PPP - O&M Notes Amounts in BDT

30 June 2020 30 June 2019
i) Gas bill for generation Annex-F-1 642,918,951 697,431,588
ii) Salary & employee benefits Annex-H-1 112,548,667 109,718,841
iii) Security services Annex-G-1.1 3,777,250 3,716,450
iv) Electricity expenses 72,813 48,799
v) Advertising & promotion 699,557 563,567
vi) Repair & maintenance-plant Annex-G-1.2 41,115,246 103,947,685
vii) Repair & maintenance-vehicle Annex-G-1.3 2,539,325 3,393,068
viii) Repair & maintenance-other assets Annex-G-1.4 3,355,135 3,140,522
ix) Bank charge & commission 45,176 49,602
x) Printing & stationary 531,530 428,930
xi) Travelling & communication expense Annex-G-1.5 1,880,065 1,743,472
xii) Legal, license & professional fees Annex-G-1.6 1,081,108 2,050,799
xiii) Consultants expense 2,336,613 6,760,618
xiv) Entertainment expense 63,926 120,538
xv) Chemical & detergent 299,700 -
xvi) Insurance premium 36,797,456 37,735,441
xvii) Training (capacity building) expenses 1,356,896 899,812
xviii) Miscellaneous expenses Annex-G-1.7 1,402,824 1,435,214
xix) Gratuity expense 8,979,329 12,341,784
xx) Amortization of right to use asset 4,359,480 4,359,480
xxi) Depreciation & amortization Annex-A-1.2, A-2 714,164,981 789,664,833
1,580,326,027 1,779,551,043
Insurance reimbursement (36,797,456) (37,735,441)
1,543,528,571 1,741,815,602
28.2 Haripur 412 MW CCPP - O&M
i) Gas bill for generation Annex-F-2 2,389,586,552 1,632,619,097
ii) Salary & other benefits Annex-H-2 135,844,548 138,315,465
iv) Electricity expense Annex-G-2.2 235,944 262,019
v) Advertising & promotion 639,821 735,184
vi) Chemical & detergent 24,484,665 30,546,198
vii) Repair & maintenances-plant Annex-G-2.3 124,015,096 73,055,596
viii) Repair & maintenances-vehicles Annex-G-2.4 3,450,285 3,540,460
ix) Repair & maintenances-other fixed assets Annex-G-2.5 5,993,902 3,612,501
x) Bank charge & commission 2,045,047 1,286,264
xi) Printing & stationary 421,778 782,699
xii) Travelling & communication expenses Annex-G-2.6 967,943 1,225,937
xiii) Legal, license & professional fees Annex-G-2.7 3,972,797 4,687,102
xiv) Consultants expense 30,000 790,636
xv) Entertainment expense 155,690 138,472
xvi) Insurance premium 68,038,754 68,016,826
xvii) Training (capacity building) expenses 2,402,560 1,745,913
xviii) Miscellaneous expenses Annex-G-2.8 1,041,805 1,109,676
xx) Amortization of right to use asset 8,962,560 8,962,560
xxi) Depreciation expense Annex-A-1.3 1,700,299,411 1,530,373,386
4,488,275,774 3,522,370,522
Insurance reimbursement (68,038,754) (68,016,826)
4,420,237,020 3,454,353,696
88
ANNUAL REPORT 2020

28.3 Siddhirganj 335 MW CCPP - O&M 30 June 2020 30 June 2019
i) Gas bill for generation Annex-F-3 1,105,896,440 797,708,203
ii) Salary & other benefits Annex-H-3 106,458,946 89,082,935
iv) Advertising & promotion 725,411 13,972
v) Chemical & detergent 7,515,811 -
vi) Repair & maintenances-plant Annex-G-3.2 26,207,597 28,115,119
vii) Repair & maintenance- vehicles Annex-G-3.3 1,397,320 984,018
viii) Repair & maintenance- other fixed assets Annex-G-3.4 125,028 38,210
ix) Bank charge & commission 27,599 17,307
x) Printing & stationery 362,384 127,998
xi) Travelling & communication expense Annex-G-3.5 1,078,268 506,669
xii) Legal, license & professional fees Annex-G-3.6 294,468 1,157,987
xiii) Entertainment expense 66,006 49,776
xiv) Training (capacity building) expenses 457,612 703,597
xv) Miscellaneous expense Annex-G-3.7 1,960,498 238,375
xvi) Gratuity expense (O&M) 8,878,456 9,541,589
xvii) Amortization of right to use asset 2,526,480 2,526,480
xviii) Depreciation expense Annex-A-1.4 1,617,574,590 847,542,018
2,890,471,269 1,785,448,121
29.00 Administrative expenses ( corporate office)
i) Salary & other benefits Annex-H-4 134,059,855 124,826,455

ii) Wages & security services 883,960 850,080
iii) Rent & utilities Annex-G-4.1 5,101,806 1,284,479
iv) Advertising & promotion 1,165,734 7,558,084
v) Repair & maintenances-vehicles Annex-G-4.2 6,728,371 6,705,064
vi) Repair & Maintenances- other fixed assets Annex-G-4.3 1,455,636 1,168,460
vii) Bank charge & commission 2,736,452 2,685,873
viii) Printing & stationary 1,633,580 1,750,134
ix) Travelling & communication expenses Annex-G-4.4 4,186,192 2,662,867
x) Legal, license & professional fees Annex-G-4.5 3,312,846 1,089,720
xi) Consultants expense 3,001,237 3,648,498
xii) AGM/EGM exp. 3,026,880 1,635,887
xiii) Recruitment,training (capacity building) & Innovation exp. Annex-G-4.6 12,147,001 12,403,146
xiv) Honorarium Annex-G-4.7 2,950,500 3,735,000
xv) Group insurance premium 8,507,637 7,813,292
xvi) Donation/Subscription/CSR/Ceremonial expense Annex-G-4.8 5,456,072 6,239,045
xvii) Entertainment expense 750,895 706,739
xviii) Miscellaneous expense Annex-G-4.9 1,324,084 1,771,914
xx) Depreciation & amortization Annex-A-1.1, A-2 20,740,769 17,892,942
232,520,819 225,613,454
30.00 Non Operating Income (NOI)
Corporate office 30.1 707,364,797 574,786,486

Siddhirganj 2x120 MW (O&M) 30.2 2,821,315 6,405,651
Haripur 412 MW CCPP (O&M) 30.3 12,902,359 7,152,126
Siddhirgonj 335 MW CCPP (O&M) 30.6 4,295,546 1,594,143
727,384,017 589,938,406
89
ANNUAL REPORT 2020

30.1 Non operating income- corporate 30 June 2020 30 June 2019
Interest on bank account 22,282,710 18,520,097
Interest on FDR 665,040,854 529,166,422
Income from notice pay 154,173 399,880
Non operating income- Haripur 412 MW CCPP Project (DPP-2) 30.4 186,153 1,475,453
Non operating income- Siddhirganj 335 MW CCPP project 30.5 8,332,101 14,106,716
Non operating income- Feni 100 MW land acquisition project 30.7 36,382 7,854
Sale of tender document 1,774,757 48,000
Liqidity damage - 64,500
Income from recruitment process 9,541,260 9,985,591
Income from transport charge 13,780 15,955
Gain on sale of assets - 48,400
Miscellaneous income 2,627 947,618
707,364,797 574,786,486
Non operating income consisting of bank interest and other income of all projects of EGCB Ltd. have
been recognized as Non operating income of the company and transferred to corporate office as
per decision of the management (Note 2.11.ii).
30.2 Non operating income- Siddhirganj 2x120 MW PPP (O&M)
Interest on bank account 1,237,955 829,963

House rent recovery 385,590 335,820
Sale of scrap - 1,360,490
Sale of tender document 200 19,000
Miscellaneous income 1,184,730 3,833,274
2,821,315 6,405,651
30.3 Non operating income- Haripur 412 MW CCPP(O&M)

House rent recovery 753,000 761,000
Sale of scrap 325,137 805,021
Sale of tender document 3,000 -
Liquidity damage 6,026,116 1,931,299
Miscellaneous income 199,068 369,263
12,902,359 7,152,126
30.4 Non operating income- Haripur 412 MW CCPP project (DPP-2)
Interest on Bank account 186,153 1,475,453

Miscellaneous income - -
186,153 1,475,453
Transfer to corporate office (186,153) (1,475,453)
- -
90
ANNUAL REPORT 2020

30 June 2020 30 June 2019
30.5 Non operating income- Siddhirganj 335 MW CCPP project

8,332,101 14,106,716
Transfer to corporate office (8,332,101) (14,106,716)
- -
30.6 Non operating income- Siddhirganj 335 MW CCPP (O&M)

Sale of scrap 11,100 10,500
Sale of tender document 100 300
Liquidity damage 7,552 -
Miscellaneous income 112,500 20
4,295,546 1,594,143
30.7 Non operating income- Feni 100 MW land acquisition project
Interest on bank account 36,382 7,854

36,382 7,854
Transfer to corporate office (36,382) (7,854)
- -
31.00 Non-operating expense
Financial expense 31.1 782,439,645 740,310,670

Foreign exchange gain/loss - realized 31.2 (2,101,059) 20,678,433
780,338,586 760,989,103
31.1 Financial expense
Interest on ADB loan (Sid. 2x120 MW) 274,165,029 296,185,006

Interest on GOB loan (Sid. 2x120 MW) 41,581,917 47,242,922
Interest on JICA loan (BD P-55, DPP-1) (Har. 412 MW) 169,514,780 185,170,392
Interest on JICA loan (BD P-58, DPP-1) (Har. 412 MW) 281,820,282 200,551,678
Interest on GOB loan (Har. 412 MW) 10,005,116 11,160,672
Interest on GOB loan (Har. 412 MW)-DPP-2 5,352,521 -
782,439,645 740,310,670
91
ANNUAL REPORT 2020

31.2 Foreign exchange (loss)/gain-realized 30 June 2020 30 June 2019
Foreign exchange (loss)/gain against ADB installment payment (1,092,913) (819,687)

Foreign exchange (loss)/gain against ADB interest payment (5,121,717) (1,803,269)
Foreign exchange (loss)/gain against JICA installment payment(BD P-55) 763,974 (7,530,601)
Foreign exchange (loss)/gain against JICA installment payment(BD P-58) 9,435,935 64,630
Foreign exchange (loss)/gain against JICA interest payment (BD P-55) 8,146,253 (1,947,768)
Foreign exchange (loss)/gain against JICA interest payment (BD P-58) (9,824,108) (8,418,410)
Foreign exchange (loss)/gain against bill payment-Sid. 2x120 MW (206,364) -
Foreign exchange (loss)/gain against bill payment-Haripur 412 MW - (223,328)
2,101,059 (20,678,433)
32.00 Other comprehensive income

Reserve for foreign currency fluctuation gain/(loss) 32.1 (678,525,704) -
- (746,732,668)
(678,525,704) (746,732,668)
32.1 Reserve for foreign currency fluctuation gain/(loss)
Opening balance (496,834,799) 249,897,869
Add/(less) : Foreign currency fluctuation gain/(loss)-unrealized 32.1.1 (181,690,906) (746,732,668)
(678,525,704) (496,834,799)
32.1.1 Foreign currency fluctuation gain/(loss)-unrealized
Foreign currency fluctuation gain/(loss) on ADB loan 17 (21,994,662) (54,645,121)

Foreign exchange eain/(loss) against ADB interest 24.2 - (14,830,834)
Foreign exchange (loss)/gain against bill payment-Sid. 2x120 MW (18,591) -
Foreign currency fluctuation gain/(loss) on JICA loan (BD P-55) 18.1 (58,062,019) (309,409,463)
Foreign currency fluctuation gain/(loss) on JICA loan (BD P-58) 18.2 (97,720,098) (333,161,025)
Foreign exchange gain/(loss) against JICA interest (BD-P 55) 24.3.1 (3,895,536) (20,666,407)
Foreign exchange gain/(loss) against JICA interest (BD-P 58) 24.3.2 (14,019,817)
(181,690,906) (746,732,668)
33.00 Prior years adjustments

Notice pay back to employee - (29,016)
- -
- (29,016)
34.00 Cash received from operation

Revenue from sales of energy 27 11,786,203,041 9,352,991,077
Add : Accounts receivable (increase) / decrease 851,936,813 (1,094,055,190)
12,638,139,854 8,258,935,887
35.00 Cash received from other income
Other income 30 727,384,017 589,938,406

Add: Other income receivable (increase) / decrease 10.2 (213,249,766) (9,085,660)
514,134,251 580,852,746
92
ANNUAL REPORT 2020

36.00 Payment for cost of sale of energy 30 June 2020 30 June 2019
Cost of energy sold ( Siddhirgonj 2x120 MW PPP plant) 28.1 (1,543,528,571) (1,741,815,602)
Cost of energy sold ( Haripur 412 MW CCPP plant) 28.2 (4,420,237,020) (3,454,353,696)
Cost of energy sold ( Sid. 335 MW CCPP plant) 28.3 (2,890,471,269) (1,785,448,121)
Depreciation & amortization Anx-A 4,032,038,982 3,167,580,237
Amortization of lease assets Anx-B 15,848,520
Inventory decrease/(Increase) 8 (37,882,587) (104,582,116)
Payable for Siddhirgonj 2X120MW plant - increase/(decrease) 23.2 110,372,491 103,939,780
Payable for Haripur 412 MW plant increase/(decrease) 23.3 (452,981,212) 276,388,238
Payable for Sid. 335 plant increase/(decrease) 23.5 (96,839,004) 234,104,230
Payable for SD Siddhirgonj 2x120 MW plant increase/(decrease) 22 327,160 (573,656)
Payable for SD Haripur 412 MW plant increase/(decrease) 22 2,629,936 (6,167,185)
Payable for SD Sid. 335 plant MW plant increase/(decrease) 22 988,726 8,527
Advance, deposits & pre-payments 2x120 MW plant (increase)/decrease 9.2 (15,325,743) -
Advance, deposits & pre-payments 412 MW plant (increase)/decrease 9.3 (273,030) (108,459)
Prior year adjsutments - (29,016)
Currency fluctuation (gain)/loss against bill payment 31.2 (224,955) (223,328)
Net cash outflows (5,295,557,576) (3,311,280,166)
37.00 Payment for administrative expenses
Payment for administrative expenses 29 (232,520,819) (225,613,454)

Depreciation & amortization (corporate office) Anx-A-1.1,A- 2 20,740,769 17,892,942
Payable for corporate office -increase/(decrease) 23.1 57,607,285 (37,188,814)
Advance, deposits & pre-payments (increase)/decrease 9.1 (10,560,095) (7,979,480)
Payable for SD increase/(decrease) 22 203,719 150,859
Net cash outflows (164,529,140) (252,737,947)
38.00 Purchase of fixed assets
Corporate office Anx-A1.1 (12,568,036) (23,840,908)

Siddhirgonj 2x120 MW PPP Anx-A1.2 39,969,470 (45,686,137)
Haripur 412 MW CCPP Anx-A1.3 (11,506,967) (74,150)
Siddhirgonj 335 MW PPP Anx-A1.4 (553,846) (191,747)
Net cash outflows (15,340,621) (69,792,942)
39.00 Cash paid for work-in-progress
Haripur 412 MW CCPP project (DPP-2) 39.1 - 442,694,839

Siddhirgonj 335 CCPP project 39.2 (4,706,483,405) (1,888,024,830)
Munshigonj 300-400 MW coal project (Previous 600-800 MW) 39.3 - (1,729,450,964)
Land acquisition for Feni 100 MW solar & 100 MW wind power plant project 39.4 - -
Land acquisition for pekua 2x600 MW USC coal based power plant project 39.5 1,523,707,081 (3,153,773)
Cash paid for Sonagazi 50 MW solar power plant project 39.6 (21,975,710) (31,785)
cash paid for corpoarte 39.7 (3,675,601) (947,343)
Net cash outflows (3,208,427,634) (3,178,913,856)
93
ANNUAL REPORT 2020

30 June 2020 30 June 2019
39.1 Cash paid for work-in-progress- Haripur 412 MW CCPP project (DPP-2)
Work-in-progress B-1 - (462,619,468)

Current liabilities for WIP -increase/(decrease) 21.4 - (954,765)
Interest payable increase 22.3 - 63,316,914
Currency fluctuation (gain)/loss 17 - 173,227,745
Advance, deposits & pre-payments -(increase)/decrease 8.4 - 669,724,413
- 442,694,839
39.2 Cash paid for work-In-progress- Sid. 335 MW CCPP project
Work-in-progress B-2 (6,323,877,353) (3,034,274,706)

Current liabilities for WIP increase/(decrease) 21.5 & 21.6 65,324,630 (109,378,308)
Interest payable increase 22.4 & 22.2.4 1,061,572,869 1,017,045,060
Payable for SD increase/(decrease) 20.4 (6,289,810) 4,178,241
Currency fluctuation (gain)/loss 125,597,183 220,276,972
Advance, deposits & pre-payments -(increase)/decrease 8.5 371,189,076 14,127,912
(4,706,483,405) (1,888,024,830)
39.3 Cash paid for work-in-progress-Munshigonj 300-400 MW coal project (Prev. 600-800 MW)
Work-in-progress B-3 (20,662,522) (1,730,526,547)

Interest payable increase 20,662,522 1,075,583
- (1,729,450,964)
39.4 Cash paid for land Acquisition for Feni 100 MW solar & 100 MW wind power plant project
Work-in-progress B-4 (11,445,600) (11,445,600)

- -
39.5 Cash paid for land acquisition for Pekua 2x600 MW USC coal based power plant project
Work-in-progress B-5 1,519,135,164 (21,433,441)

Mobile phone transfer to 412 MW O&M - (8,000)
1,523,707,081 (3,153,773)
39.6 Cash paid for Sonagazi 50 MW solar power plant project
Work-in-progress B-6 (21,985,039) (31,785)

Current liabilities for WIP increase/(decrease) 20 -
Currency fluctuation (gain)/loss (10,579) -
Interest payable increase 19,888 -
(21,975,710) (31,785)
94
ANNUAL REPORT 2020

39.7 Cash paid for corporate office
30 June 2020 30 June 2019
Work-in-progress B-6 (3,675,601) (947,343)
(3,675,601) (947,343)
40.00 Investment of R&D fund
Investment in FDRs 7 (22,968,772) (179,220,277)

Investment in SND A/c 7 (177,690,782) (6,659,317)
Interest received 13.2 24,541,007 10,861,012
R&D fund receivable (increase)/decrease (67,789,926) (6,667,131)
(243,908,473) (181,685,713)
41.00 Net cash received from govt. during the year
Received from govt. for Haripur 412 MW CCPP project (DPP-2) 13.3 - 227,500,000
Received from govt. for Siddhirgonj 335 MW CCPP project 13.4 600,000,000 150,000,000
Received from govt. for LA of Munshiganj 300-400 MW 13.8 - 1,721,876,815
- -
Total received from govt. 600,000,000 2,099,376,815
Refund to govt. Siddhirgonj 335 MW CCPP 13.4 (368,523,184) (338,222,658)

Refund to govt. Pekua 2x600MW coal Project 13.7 (1,523,972,373)
Refund to govt. 412 MW Project (DPP-2) 13.3 - (670,412,586)
Total refund to govt. (1,892,495,557) (1,008,635,244)
Net cash inflows/ (outflows) (1,292,495,557) 1,090,741,571
Classification of loan received from GOB:

(a) Equity from GOB. (60%) (775,497,335) 654,444,943
(b) Loan from GOB. (40%) (516,998,223) 436,296,629
(1,292,495,558) 1,090,741,572
42.00 Loan paid to GOB
Siddhirganj 2x120MW PPP 16.1 (74,326,149) (148,652,298)

haripur 412 MW CCPP 16.2 (50,572,877) (101,145,754)
(124,899,026) (249,798,052)
43.00 Loan paid to ADB
(Siddhirganj 2x120MW PPP)

ADB Loan Repayment 17 (462,844,177) (458,199,341)
- -
(462,844,177) (458,199,341)
95
ANNUAL REPORT 2020
44.00 Loan paid to JICA Notes Amounts in BDT

30 June 2020 30 June 2019
(Haripur 412 MW CCPP)
JICA Loan BD P-55 18.1 (853,904,626) (832,731,634)
JICA Loan BD P-58 18.2 (1,002,794,350) (488,600,495)
(1,856,698,976) (1,321,332,129)
45.00 Loan received from World Bank
WB Loan 4508 BD
WB Loan 5737 BD }
Siddhirganj 335 MW CCPP
19.1.1
19.1.2
15,711,478
4,515,852,822
37,621,899
1,659,946,178
WB Loan 63630 BD -Sonagazi 50 MW Solar PP Project 19.02 8,986,520 -
4,540,550,820 1,697,568,077
46.00 Dividend paid

Dividend (350,000,000) (350,000,000)
(350,000,000) (350,000,000)
47.00 Interest paid

Interest on GOB loan (Sid. 2x120MW) (490,786,760) -
Interest on GOB loan (Har. 412 MW) (87,470,293) -
Interest on ADB Loan (BAN 2039) (2,141,978,699) (916,562,598)
Interest on JICA Loan (BD P-55) (1,062,798,179) (864,350,927)
Interest on JICA Loan (BD P-58) (1,100,392,618) (571,706,868)
Interest on WB Loan (5737 BD) (722,353,590) -
(5,605,780,139) (2,352,620,393)
48.00 Earnings per share (EPS)-basic [note ref. 2.13]
The Computation of EPS is given in the below:

Earnings attributable to shareholders (PAT) 2,257,393,825 1,069,583,787
No. of ordinary shares outstanding during the year 378,972 378,972
5,957 4,793
96
Annexure-A Fixed Assets Schedule
A-1 Property, plant and equipment (A-1.1+A-1.2+A-1.3+A-1.4) As on 30 June 2020
Cost Depreciation
Written Down
Sl. Written Down Value
Particulars Opening Balance on Addition During the Adjustment During Balance as on Opening Balance Addition During the Adjustment During Accumulated Value as on
No. as on 30.06.19
Rate %
01.07.19 Year the Year 30.06.20 on 01.07.19 Year the Year Depreciation As on 30.06.20
Depreciation
30.06.20
1 2 3 4 5 = (2+3+4) 6 7 8 =(2x6)+(3x6xm) 9 10 =(7 + 8+ 9) 11 =(5 - 10) 12=(2-7)
1 Plant & machinery 58,606,135,478 18,543,693,288 - 77,149,828,766 5% 12,061,179,653 3,699,985,099 - 15,761,164,752 61,388,664,014 46,544,955,825
2 Plant & machinery (HGPI, TI etc.) 1,321,988,342 - - 1,321,988,342 25% 686,883,950 312,411,381 - 999,295,331 322,693,011 635,104,392
3 Land 225,902,489 - 225,902,489 0% - - - - 225,902,489 225,902,489
4 Building(non residential) 347,123,821 112,410,515 - 459,534,336 3.5% 49,307,007 12,457,043 - 61,764,050 397,770,286 297,816,814
5 Building(residential) 129,759,587 - - 129,759,587 3.5% 23,747,576 4,541,586 - 28,289,162 101,470,425 106,012,011
6 Vehicle 144,314,291 24,591,165 - 168,905,456 15% 87,213,660 16,924,405 - 104,138,065 64,767,391 57,100,631
7 Computer & printer 15,427,097 178,032 - 15,605,129 20% 11,706,263 1,238,777 - 12,945,040 2,660,089 3,720,834
8 Photocopy machine 2,436,409 818,888 - 3,255,297 20% 1,478,434 257,375 - 1,735,809 1,519,488 957,975
9 Fax machine 53,100 - - 53,100 20% 53,099 - - 53,099 1 1
10 Air-conditioner 12,561,230 3,718,614 - 16,279,844 10% 6,078,285 1,372,808 - 7,451,093 8,828,751 6,482,945
11 Telephone with PABX 681,692 70,350 - 752,042 10% 257,159 71,334 - 328,493 423,549 424,533
12 Mobile phone 1,591,537 36,000 - 1,627,537 20% 843,874 281,685 - 1,125,559 501,978 747,663
13 Other equipments 18,523,138 2,193,727 - 20,716,865 15% 8,097,239 2,599,598 - 10,696,837 10,020,028 10,425,899
14 Furniture & fixture 25,100,893 4,497,239 - 29,598,132 10% 12,377,728 2,540,125 - 14,917,853 14,680,279 12,723,165
15 Deep tube well 10,528,721 - - 10,528,721 15% 8,567,930 904,980 - 9,472,910 1,055,811 1,960,791
16 Lift 2,279,997 - - 2,279,997 15% 2,279,996 - - 2,279,996 1 1
17 Bicycle 70,500 - - 70,500 15% 40,613 7,200 - 47,813 22,687 29,887
18 Other assets - - - - 15% - - - - - -
Total in FY 2019-20 60,864,478,322 18,692,207,818 - 79,556,686,140 12,960,112,465 4,055,593,396 - 17,015,705,861 62,540,980,279 47,904,365,856
Total in FY 2018-19 57,503,395,580 3,361,195,740 (113,000) 60,864,478,319 9,779,350,649 3,180,810,217 (48,400) 12,960,112,465 47,904,365,857 47,724,044,932
97
ANNUAL REPORT 2020
98
Corporate Office
A-1.1. Property, plant and equipment As on 30 June 2020
Cost Depreciation
Written Down
No. as on 30.06.19
Rate %
ANNUAL REPORT 2020
Depreciation
30.06.20
1 2 3 4 5 = (2+3+4) 6 7 8 =(2x6)+(3x6xm) 9 10 =(7 + 8+9) 11 =(5 - 10) 12=(2-7)
1 Plant & machinery - - - - 5% - - - - - -
2 Plant & machinery (HGPI) - - 25% - -
3 Land - - - - 0% - - - - - -
4 Building(non residential) 240,608,049 871,319 - 241,479,368 3.5% 37,555,802 8,419,667 - 45,975,469 195,503,899 203,052,247
5 Building(residential) - - - - 3.5% - - - - - -
6 Vehicles 63,726,740 9,470,100 - 73,196,840 15% 34,838,721 7,232,381 - 42,071,102 31,125,738 28,888,019
7 Computer & printer 6,783,046 90,032 - 6,873,078 20% 5,797,954 262,006 - 6,059,960 813,118 985,092
8 Photocopy machine 1,961,958 818,888 - 2,780,846 20% 1,177,484 187,975 - 1,365,459 1,415,387 784,474
9 Fax machine 53,100 - - 53,100 20% 53,099 - - 53,099 1 1
10 Air-conditioner 9,821,430 1,739,607 - 11,561,037 10% 4,472,395 1,082,336 - 5,554,730 6,006,307 5,349,035
11 Telephone with PABX 327,722 70,350 - 398,072 10% 157,247 35,937 - 193,184 204,888 170,475
12 Mobile phone 1,079,668 - - 1,079,668 20% 601,020 198,636 - 799,656 280,012 478,648
13 Other equipments 4,251,520 1,271,977 - 5,523,497 15% 2,452,252 592,217 - 3,044,469 2,479,028 1,799,268
14 Furniture & fixture 14,933,189 2,858,707 - 17,791,895 10% 7,196,922 1,533,614 - 8,730,536 9,061,359 7,736,267
15 Deep tube well - - - - 15% - - - - - -
16 Lift - - - - 15% - - - - - -
17 Bicycle - - - - 15% - - - - - -
18 Other assets - - - - 15% - - - - - -
Total in FY 2019-20 343,546,422 17,190,980 - 360,737,401 94,302,896 19,544,769 - 113,847,665 246,889,737 249,243,526
Total in FY 2018-19 322,109,914 17,933,508 3,503,000 343,546,422 77,022,270 17,239,626 41,000 94,302,896 249,243,526 245,087,644
SIDDHIRGONJ 2x120 MW- O&M
A-1.2. Property, plant and equipment As on 30 June 2020
Cost Depreciation
Written Down
Sl. Accumulated Written Down Value
Particulars Opening Balance on Addition During the Adjustment During Balance as on Opening Balance Addition During the Adjustment During Value as on
No. as on 30.06.19
Rate %
Depreciation
30.06.20
1 2 3 4 5 = (2+3+4) 6 7 8 =(2x6)+(3x6xm) 9 10 =(7+8+9) 11 =(5 - 10) 12=(2-7)
1 Plant & machinery 12,018,980,185 - - 12,018,980,185 5% 4,400,152,360 600,949,009 - 5,001,101,369 7,017,878,817 7,618,827,825
2 Plant & machinery (HGPI) 720,342,507 - - 720,342,507 25% 586,619,672 111,882,824 - 698,502,496 21,840,011 133,722,834
3 Land - - - - 0% - - - - - -
4 Building(non residential) 36,815,901 - - 36,815,901 3.5% 6,427,185 1,288,557 - 7,715,742 29,100,159 30,388,716
6 Vehicles 34,668,536 5,209,465 - 39,878,001 15% 30,617,035 1,438,420 - 32,055,455 7,822,546 4,051,501
7 Computer & printers 4,065,773 65,600 - 4,131,373 20% 3,739,134 186,720 - 3,925,854 205,518 326,638
8 Photocopy machine 347,001 - - 347,001 20% 173,500 69,400 - 242,900 104,101 173,501
9 Fax machine - - - - 20% - - - - -
10 Air-conditioner 2,479,800 - - 2,479,800 10% 1,540,890 247,980 - 1,788,870 690,930 938,910
11 Telephone with PABX 345,970 - - 345,970 10% 98,713 34,597 - 133,310 212,661 247,258
12 Mobile phone 167,649 12,000 - 179,649 20% 117,809 18,040 - 135,849 43,800 49,840
13 Other equipments 4,256,168 - - 4,256,168 15% 2,046,499 462,930 - 2,509,429 1,746,739 2,209,669
14 Furniture & fixture 5,144,201 49,380 - 5,193,581 10% 3,316,412 490,419 - 3,806,831 1,386,750 1,827,789
15 Deep tube well 4,495,521 - - 4,495,521 15% 4,495,520 - - 4,495,520 1 1
16 Lift 2,279,997 - - 2,279,997 15% 2,279,996 - - 2,279,996 1 1
17 Bicycle 37,500 - - 37,500 15% 33,188 2,250 35,438 2,062 4,313
18 Other assets - - 15% - - - - -
Total in FY 2019-20 12,865,954,708 5,336,445 - 12,871,291,153 5,049,934,014 718,174,626 - 5,768,108,639 7,103,182,516 7,816,020,696
Total in FY 2018-19 12,860,365,021 5,589,687 - 12,865,954,708 4,264,278,826 785,655,188 - 5,049,934,014 7,816,020,696 8,596,086,197
99
ANNUAL REPORT 2020
HARIPUR 412 MW ( O&M)
100
A-1.3 Property, plant and equipment As on 30 June 2020
Cost Depreciation
Written Down
No. as on 30.06.19
Rate %
Depreciation
30.06.20
1 2 3 4 5 = (2+3+4) 6 7 8 =(2x6)+(3x6xm) 9 10 =(7+ 8+9) 11 =(5 - 10) 12=(2-7)
ANNUAL REPORT 2020
1 Plant & machinery* 29,741,573,743 - - 29,741,573,743 5% 6,678,368,371 1,487,078,687 - 8,165,447,057 21,576,126,686 23,063,205,372
Plant & machinery (TI & major
2 601,645,835 - - 601,645,835 33% 100,264,278 200,528,557 - 300,792,835 300,853,000 501,381,557
overhauling)**
3 Land 225,902,489 - - 225,902,489 0% - - - 225,902,489 225,902,489
4 Building(non residential) 27,836,891 - - 27,836,891 3.5% 3,614,615 974,292 - 4,588,907 23,247,984 24,222,276
6 Vehicles 24,525,550 9,035,600 - 33,561,150 15% 18,014,047 5,034,173 - 23,048,220 10,512,930 6,511,503
7 Computer & printer 2,500,471 22,400 - 2,522,871 20% 1,684,354 374,490 - 2,058,844 464,027 816,117
8 Photocopy machine 127,450 - - 127,450 20% 127,450 - 127,450 1 1
9 Fax machine - - - - 20% - - - - -
10 Air-conditioner 260,000 1,979,007 - 2,239,007 10% 65,000 42,492 - 107,492 2,131,515 195,000
11 Telephone with PABX 8,000 - - 8,000 10% 1,200 800 - 2,000 6,000 6,800
12 Mobile phone 203,850 12,000 - 215,850 20% 91,225 36,745 - 127,970 87,880 112,625
13 Other equipments 9,253,768 349,000 - 9,602,768 15% 3,483,663 1,422,915 - 4,906,578 4,696,190 5,770,105
14 Furniture & fixture 4,573,163 108,960 - 4,682,123 10% 1,812,324 458,224 - 2,270,548 2,411,575 2,760,839
15 Deep tube well 6,033,200 - - 6,033,200 15% 4,072,410 904,980 - 4,977,390 1,055,810 1,960,790
16 Lift - - - - 15% - - - - -
17 Bicycle 33,000 - - 33,000 15% 7,425 4,950 - 12,375 20,625 25,575
18 Other assets - - - - 15% - - - - - -
Total in FY 2019-20 30,742,708,997 11,506,967 - 30,754,215,964 6,827,077,837 1,700,299,411 - 8,527,377,247 22,226,838,717 23,915,631,160
Total in FY 2018-19 27,405,220,199 3,337,480,798 8,000 30,742,708,997 5,296,704,451 1,530,373,386 - 6,827,077,837 23,915,631,160 22,108,515,748
Siddhirganj 335 MW (O&M)
A-1.4 Property, plant and equipment As on 30 June 2020
Cost Depreciation
Written Down
Sl. Accumulated Written Down Value
Particulars Opening Balance on Addition During the Adjustment During Balance as on Opening Balance Addition During the Adjustment During Value as on
No. as on 30.06.19
Rate %
Depreciation
30.06.20
1 2 3 4 5 = (2+3+4) 6 7 8 =(2x6)+(3x6xm) 9 10 =(7+ 8+9) 11 =(5 - 10) 12=(2-7)
1 Plant & machinery * 16,845,581,549 18,543,693,288 35,389,274,837 5% 982,658,923 1,611,957,403 - 2,594,616,326 32,794,658,511 15,862,922,626
2 Plant & machinery (HGPI) - - - 25% - - - - - -
3 Land - - - 0% - - - - - -
4 Building(non residential) 41,862,979 111,539,196 - 153,402,175 3.5% 1,709,405 1,774,527 - 3,483,932 149,918,243 40,153,574
5 Building(residential) - - - - 3.5% - - - - - -
6 Vehicles 21,393,465 876,000 - 22,269,465 15% 3,743,857 3,219,431 - 6,963,288 15,306,177 17,649,608
7 Computer & printer 2,077,807 - - 2,077,807 20% 484,821 415,561 - 900,382 1,177,425 1,592,986
8 Photocopy machine - - - - 20% - - - - - -
9 Fax machine - - - - 20% - - - - - -
10 Air-conditioner - - - - 10% - - - - - -
11 Telephone with PABX - - - - 10% - - - - - -
12 Mobile phone 140,370 12,000 - 152,370 20% 33,820 28,264 - 62,084 90,286 106,550
13 Other equipments 761,682 572,750 - 1,334,432 15% 114,825 121,536 - 236,361 1,098,071 646,857
14 Furniture & fixture 450,340 1,480,192 - 1,930,532 10% 52,070 57,868 - 109,938 1,820,594 398,270
15 Deep tube well - - - - 15% - - - - - -
16 Lift - - - - 15% - - - - - -
17 Bicycle - - - - 15% - - - - - -
18 Other assets - - - 15% - - - - - -
Total in FY 2019-20 16,912,268,192 18,658,173,426 - 35,570,441,618 988,797,721 1,617,574,590 - 2,606,372,311 32,964,069,307 15,923,470,471
Total in FY 2018-19 16,915,700,445 191,747 (3,624,000) 16,912,268,192 141,345,103 847,542,018 (89,400) 988,797,721 15,923,470,471 16,774,355,342
Notes:
i) Due to completion of Siddhirganj 335 MW CCPP Project, all project cost of the said project have been transferred to respective fixed asset of O&M phase as on 30 June 2020.
ii) As combined cycle phase of Sid. 335 MW CCPP has been started from 10 September 2019 so, depreciation on addition of plant & machinery has been charged from Sep’2019 to Jun’2020 (10 months) only.
101
ANNUAL REPORT 2020
102
Intangible Assets Schedule
As on 30 June 2020
A-2 Intangible assets
Cost Amortization
Written Down
ANNUAL REPORT 2020
No. as on 30.06.19
Rate %
Depreciation
30.06.20
1 2 3 4 5 = (2+3+4) 6 7 8 =(2x6)+(3x6xm) 9 10 =(7 + 8+9) 11 =(5 - 10) 12=(2-7)
1 Software- Corporate office 6,945,219 - 6,945,219 20% 1,564,545 1,196,000 - 2,760,545 4,184,674 5,380,674
Software- Siddhirgonj 2x120
2 40,195,666 - (40,096,450) 99,216 20% 4,108,860 - (4,009,645) 99,215 1.00 36,086,805
MW PP plant
Total in FY 2019-20 47,140,885 - (40,096,450) 7,044,435 5,673,405 1,196,000 (4,009,645) 2,859,760 4,184,675 41,467,480
Total in FY 2018-19 1,064,435 46,076,450 - 47,140,885 1,010,444 4,662,961 - 5,673,405 41,467,480 53,991
Notes
1. Cost of software-corporate office amounting to BDT 965,219 has been fully depreciated.
2. Cost of software of Siddhirganj 2x120 MW PPP amounting to BDT 99,216 has been fully amortized, amortization has been charged accordingly.
FGMO software amounting to BDT 40,096,450 has been transferred to Receivable form BPDB a/c, as it will be reimbursed by BPDB. Last year amortization of that software amounting to BDT 4,009,645 has also been reversed accordingly.
Right-of-use assets schedule

A-3 Right-of-use assets As on 30 June 2020
Cost Amortization
Written Down
No. as on 30.06.19
Rate %
Amortization
30.06.20
1 2 3 4 5 = (2+3+4) 6 7 8 =(2x6)+(3x6xm) 9 10 =(7 + 8+9) 11 =(5 - 10) 12=(2-7)
1 Corporate 9,809,450 9,809,450 N/A - - 9,809,450
2 Siddhirganj 2x120 MW PPP - 48,874,484 - 48,874,484 N/A - 4,359,480 - 4,359,480 44,515,004 -
3 Haripur 412 MW CCPP - 102,296,644 - 102,296,644 N/A - 8,962,560 - 8,962,560 93,334,084 -
4 Siddhirganj 335 MW CCPP - 23,576,658 23,576,658 N/A - 2,526,480 2,526,480 21,050,178 -
Total in FY 2019-20 - 184,557,236 - 184,557,236 - 15,848,520 - 15,848,520 168,708,716 -
ANNUAL REPORT 2020
Annexure-B : Capital work in progress

B-1. Work-in-progress A/C - Siddhirgonj 335MW CCPP project:
Transfer to Fixed Transfer to Fixed
Opening Balance as Addition During the Total up to 30 June Asset/ Expense a/c Asset a/c during Closing Balance as
Particulars
on 01 July 2019 period 2020 during the year (FY the year (FY 2019- on 30 June 2020
2017-18) 20)
Plant & machinery

Establishment (GOB) 41,630,766 5,498 41,636,264 77,412,764 41,636,264 -
Establishment (EGCB) 100,014,251 41,811,837 141,826,088 103,794,367 141,826,088 -
Physical contingency (GOB) 218,368 218,368 406,057 218,368 -
Owners engineer (WB) 236,280,815 236,280,815 333,160,913 236,280,815 -
Plant & machinery 8,439,390,470 4,315,309,130 12,754,699,600 12,998,375,428 12,754,699,600 -
LC charge (GOB) 195,284,935 20,439,584 215,724,519 343,775,526 215,724,519 -
Interest during construction (GOB) 195,436,296 53,386,756 248,823,052 263,035,715 248,823,052 -
Interest during construction (WB) 1,941,094,519 1,008,186,113 2,949,280,632 1,871,947,414 2,949,280,632 -
AIT & Vat - turnkey contractor (GOB) 409,760,064 210,219,053 619,979,117 620,885,904 619,979,117 -
Custom duty & VAT (GoB) 633,677,472 47,222,700 680,900,172 1,148,772,066 680,900,172 -
O&M service for 2x120 MW PPP-NTPC (WB) 176,401,533 3,472,600 179,874,133 301,950,412 179,874,133 -
Capacity building/training (WB) 30,203,844 9,905,117 40,108,961 26,274,674 40,108,961 -
Individual consultant 8,838,317 8,838,317 - 8,838,317 -
Adjustment of PG encashment - - (2,627,686,906) - -
Adjustment of curr. fluct. (PG) - 50,491,472 50,491,472 (62,288,965) 50,491,472 -
Adjustment of curr. fluct. (Interest) 28,658,027 16,408,205 45,066,232 119,709,282 45,066,232 -
Adjustment of curr. fluct. (principal loan) 220,276,972 109,188,978 329,465,950 1,221,550,989 329,465,950 -
Sub Total 12,648,328,332 5,894,885,360 18,543,213,692 16,741,075,639 18,543,213,692 -
Building (non-residential) - -
Cost of civil works ( non residential-GoB) 629,016 11,618,038 12,247,054 920,500 12,247,054 -
Primary school building (WB) 80,475,621 18,816,521 99,292,142 40,942,479 99,292,142 -
Sub total 81,104,637 30,434,559 111,539,196 41,862,979 111,539,196 -
Software - - -
Consultancy service -MIS (ERP Syst-WB) 274,913,811 396,194,992 671,108,803 671,108,803 -
Sub total 274,913,811 396,194,992 671,108,803 - 671,108,803 -
Vehicles - -
Transport vehicle(GOB) - - - 6,926,000 - -
Transport vehicle (EGCB) - 876,000 876,000 14,467,465 876,000 -
Sub total - 876,000 876,000 21,393,465 876,000 -
Computer & printers - - - - -
Computer (GOB) - - - 146,057 - -
Computer & printers (EGCB) - - 878,200 - -
Sub total - - - 1,024,257 - -
Mobile phone - -
Mobile phone (EGCB-Establishment) - 12,000 12,000 51,950 12,000 -
Other equipments - 12,000 12,000 51,950 12,000
Camera (EGCB-Establishment) - - - 15,500 - -
Office equipment (EGCB-Establishment) 504,250 9,200 513,450 68,580 513,450 -
Sub total 504,250 9,200 513,450 84,080 513,450 -
Furniture and fixture -
Furniture and fixture (EGCB) - - - 431,890 - -
Furniture and fixture (GoB)) - 1,465,242 1,465,242 - 1,465,242 -
Sub total - 1,465,242 1,465,242 431,890 1,465,242 -
Total project cost as per DPP 13,004,851,030 6,323,877,353 19,328,728,383 16,805,924,259.92 19,328,728,383 -
O&M expenditure: -
Establishment - - - 104,505,913 - -
Vehicles - - - 3,640,000 - -
Computer & printer - - - 1,053,550 - -
Mobile phone - - - 72,420 - -
Furniture & fixtures - - - 11,400 - -
Security equipment - - - 473,005 - -
Camera - - - 19,900 - -
Total O&M expenditures - - - 109,776,188 - -
Group total ( project +O&M) 13,004,851,030 6,323,877,353 19,328,728,383 16,915,700,448 19,328,728,383 -
Notes:
Due to completion of Siddhirganj 335 MW CCPP Project, all project cost of the said project have been transferred to respective fixed asset of O&M phase as on 30 June 2020.
103
ANNUAL REPORT 2020
B-2. Work-in-progress A/C - Munshigonj 300-400 MW coal project (previous- Munshigonj 600-800 MW)
Particulars
2017-18) 20)
Plant & machinery
Establishment (EGCB) 21,706,070 21,706,070 - 21,706,070
Land 1,721,876,815 1,721,876,815 - 1,721,876,815
Interest during construction (GOB) 1,075,583 20,662,522 21,738,105 - 21,738,105
Gratuity expense 1,017,004 - 1,017,004 - 1,017,004
Sub total 1,745,675,472 20,662,522 1,766,337,994 - 1,766,337,994
Office & other equipments - - - -
Mobile (EGCB) 7,800 - 7,800 - 7,800
Sub total 7,800 - 7,800 - 7,800
Vehicles 5,209,465 5,209,465 - 5,209,465 -
Total 1,750,892,737 20,662,522 1,771,555,259 - 5,209,465 1,766,345,794
B-3. Land Acquisition (LA) for Feni 100 MW solar & 100 MW wind power plant project:
Particulars
2017-18) 20)
Land & Land development
Land - - - -
Land (GOB) 1,003,779,717 1,003,779,717 - 1,003,779,717
Sub total 1,003,779,717 - 1,003,779,717 - 1,003,779,717
Establishment (EGCB) 7,442,284 7,442,284 - 7,442,284
Gratuity expense 352,935 352,935 - 352,935
Sub total 33,053,934 11,445,600 44,499,534 - 44,499,534
Total 1,036,833,651 11,445,600 1,048,279,251 - 1,048,279,251
B-4. Land Acquisition (LA) for Pekua 2x600 MW USC coal based power plant project:

Particulars
2017-18) 20)
Plant & machinery
Establishment (EGCB) 8,415,735 265,292 8,681,027 - 8,681,027
Gratuity expense 1,523,290 - 1,523,290 - 1,523,290
Sub total 47,156,295 4,837,209 51,993,504 - 51,993,504
Office & other equipments -
Computer & printer 8,600 8,600 - 8,600
Mobile - - - -
Sub total 8,600 - 8,600 - 8,600
Land 1,523,972,373 (1,523,972,373) - - - -
Sub total 1,523,972,373 (1,523,972,373) - - -
Total 1,571,137,268 (1,519,135,164) 52,002,104 - 52,002,104
B-5. Haripur 100MW HFO power plant project:

Transfer to Fixed
Opening Balance as Addition During the Total up to 30 June Asset/ Expense a/c Adjusted with Closing Balance as
Particulars
on 01 July 2019 period 2020 during the year (FY Retained Earnings on 30 June 2020
2017-18)
Plant & machinery
Establishment (EGCB) 462,608 462,608 - 462,608 -

Total 462,608 - 462,608 - 462,608 -
104
ANNUAL REPORT 2020
B-6. Sonagazi 50 MW solar power plant construction project:

Particulars
2017-18) 20)
Establishment (EGCB) 31,785 16,820,735 16,852,520 - 16,852,520
IDC (WB) 19,888 19,888 19,888
Currency fluctuation Loss/gain-Unrealized (10,579) (10,579) (10,579)
Vehicles - 5,071,100 5,071,100 5,071,100
Computer & Printers 59,895 59,895 59,895
Furniture & Fixture 4,000 4,000 4,000
Mobile Phone 20,000 20,000 20,000
Total 31,785 21,985,039 22,016,824 - - 22,016,824
B-7. Sid. 335 MW CCPP- O&M

Particulars
2017-18) 20)
-
MIS-ERP Software - 671,108,803 671,108,803 671,108,803
Total - 671,108,803 671,108,803 - 671,108,803
B-8. Corporate office (Interior works of 13th floor):

Particulars
2017-18) 20)
Misc civil works 947,343 3,675,601 4,622,944 - 4,622,944 -
Total 947,343 3,675,601 4,622,944 - 4,622,944 -
105
Annexure - C : Debt service liability (GOB)
Annexure C-1: Loan from GoB (Siddhirgonj 2x120 MW PPP )
106
DSL - Principal Portion DSL - Interest Portion
Principal Loan Amount (BDT) Interest Amount (BDT)
No of Interest on
Cumulative Principal not Total Interest on Closing
FY No. of Amount of No. of Days during the Total interest
Begining Loan Loan Installment Payment Unpaid due Outstanding FY Start Intere remaining balance of
installme installment installmen due for year during the Interest Paid
Amount Addition paid date Installment (Not due loan ( Due+ Not date st rate whole interest as on
ANNUAL REPORT 2020
nt due due t paid interest payment period

(Due portion) portion) Due) amount 30 June (BDT)
FY amount
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
2011-12 1,486,522,975 - 1st 74,326,149 74,326,149 1,412,196,826 1,486,522,975 -
2012-13 1,486,522,975 - 2nd 74,326,149 148,652,298 1,337,870,678 1,486,522,975 5% - 74,326,149 74,326,149 - 74,326,149
2013-14 1,486,522,975 - 3rd 74,326,149 222,978,446 1,263,544,529 1,486,522,975 5% - 74,326,149 74,326,149 - 148,652,298
1st 74,326,149 19-Jan-15 222,978,446 1,189,218,380 1,412,196,826 1-Jul-14 203 5% 2,066,878
2014-15 1,486,522,975 - 4th 74,326,149 66,893,534 66,893,534 - 215,545,832
2nd 74,326,149 19-Jan-15 148,652,298 1,189,218,380 1,337,870,678 1-Jul-14 203 5% 2,066,878
2015-16 1,337,870,678 - 5th 74,326,149 3rd 74,326,149 3-Jun-16 148,652,298 1,114,892,231 1,263,544,529 1-Jul-15 339 5% 3,451,584 63,177,226 63,177,227 - 278,723,059
4th 74,326,149 6-Jun-17 148,652,298 1,040,566,083 1,189,218,380 1-Jul-16 341 5% 3,471,947 Previous yrs.
2016-17 1,263,544,529 - 6th 74,326,149 55,744,612 70,345,117 - 349,068,176
5th 74,326,149 13-Jun-17 74,326,149 1,040,566,083 1,114,892,231 1-Jul-16 348 5% 3,543,219 shortfall
2017-18 1,114,892,231 - 7th 74,326,149 6th 74,326,149 24-Sep-17 74,326,149 966,239,934 1,040,566,083 1-Jul-17 85 5% 865,441 52,028,304 52,893,746 - 401,961,921
1,040,566,083 7th 74,326,149 2-Aug-18 74,326,149 891,913,785 966,239,934 1-Jul-18 32 5% 325,813
2018-19 - 8th 74,326,149 44,595,689 47,242,922 - 449,204,843
966,239,934 8th 74,326,149 14-Feb-19 - 891,913,785 891,913,785 1-Jul-18 228 5% 2,321,419
2019-20 891,913,785 9th 74,326,149 9th 74,326,149 8-Sep-19 - 817,587,636 817,587,636 1-Jul-19 69 5% 702,535 40,879,382 41,581,917 (490,786,760) -
TOTAL 891,913,785 668,935,339 668,935,339 - 817,587,636 817,587,636 18,815,715 471,971,045 490,786,760 (490,786,760) -
Annexure C-2: Loan from GoB (Haripur 412 MW CCPP)

No of
Cumulative Principal not Total Interest on Closing
FY No. of Amount of No. of Amount of Days Fractional Total interest
Beginning Loan Loan Payment Unpaid due Outstanding FY Start Intere remaining balance of
Installme Installment Installmen Installment due for days during the Interest Paid Renarks
Amount Addition date Installment (Not due loan (Due + Not date st rate whole interest as on
nt due due t paid paid interest interest period
(Due portion) portion) Due) amount 30 June (BDT)
FY
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Interest
2013-14 1,011,457,538 - 1st 50,572,877 - - - 50,572,877 960,884,661 1,011,457,538 1-Jul-14 - - - - - -
included in IDC
2014-15 1,011,457,538 - 2nd 50,572,877 - - - 101,145,754 910,311,784 - - - - - - -
Interest
2015-16 1,011,457,538 - 3rd 50,572,877 - - - 151,718,631 859,738,907 1,011,457,538 1-Jul-15 1.5% - 15,171,863 15,171,863 - 15,171,863
included in IDC
2016-17 1,011,457,538 - 4th 50,572,877 1st 50,572,877 5-Jun-17 151,718,631 809,166,030 960,884,661 1-Jul-16 340.00 1.5% 706,635 14,413,270 15,119,905 - 30,291,768
2nd, 3rd &
2017-18 960,884,661 - 5th 50,572,877 151,718,631 24-Sep-17 50,572,877 758,593,153 809,166,030 1-Jul-17 85.00 1.5% 529,976 12,137,490 12,667,466 - 42,959,234
4th
809,166,030 5th 50,572,877 2-Aug-18 50,572,877 708,020,276 758,593,153 1-Jul-18 32.00 1.5% 66,507
2018-19 - 6th 50,572,877 10,620,304 11,160,672 - 54,119,906
758,593,153 6th 50,572,877 14-Feb-19 - 708,020,276 708,020,276 1-Jul-18 228.00 1.5% 473,861
2019-20 708,020,276 - 7th 50,572,877 7th 50,572,877 8-Sep-19 - 657,447,399 657,447,399 1-Jul-19 69.00 1.5% 143,405 9,861,711 10,005,116 (87,470,293) (23,345,271) Prepaid int.
TOTAL 708,020,276 - 354,010,139 354,010,139 - 657,447,399 657,447,399 1,920,384 62,204,638 64,125,022 (87,470,293) (23,345,271)
ANNUAL REPORT 2020
Annexure C-3: Loan from GoB (Haripur 412 MW CCPP, DPP-2)

Total Interest Paid
FY Loan Interest Closing balance
Beginning Loan Outstanding /Adjsutment
Loan Addition Refund/Adjustme Interest rate during the of interest as on Renarks
Amount loan as on 30 During the
nt period 30 June (BDT)
June Period
1 2 3 4 5 6 7 8 9 10
2015-16 - 22,000,000 (2,417,600) 19,582,400 3.0% - - - IDC
2016-17 19,582,400 16,000,000 - 35,582,400 3.0% 308,202 - 308,201.75 IDC
2017-18 35,582,400 320,000,000 - 355,582,400 3.0% 1,430,695 (1,738,897) - IDC
2018-19 355,582,400 91,000,000 (268,165,034) 178,417,366 3.0% 1,523,740 - 1,523,740 IDC
2019-20 178,417,366 - - 178,417,366 3.0% 5,352,521 - 6,876,261 Financial Expense
Total 178,417,366 - - 178,417,366 8,615,158 -1,738,897 6,876,261
Annexure C-4: Loan from GoB (Siddhirganj 335 MW CCPP)

Total Interest Paid
June Period
1 2 3 4 5 6 7 8 9 10
2009-10 3,200,000 - - 3,200,000 3.0%
2010-11 3,200,000 600,000 (462,000) 3,338,000 3.0%
2011-12 3,338,000 20,000,000 (20,000,000) 3,338,000 3.0%
2012-13 3,338,000 300,000,000 (76,701,200) 226,636,800 3.0% 208,726,443 - 208,726,443 IDC
2013-14 226,636,800 1,860,000,000 (589,029,200) 1,497,607,600 3.0%
2014-15 1,497,607,600 2,175,880,000 (124,350,400) 3,549,137,200 3.0%
2015-16 3,549,137,200 270,000,000 (190,000,000) 3,629,137,200 3.0%
2016-17 3,629,137,200 48,000,000 (13,960,344) 3,663,176,856 3.0% 224,134,792 - 432,861,236 IDC
2017-18 3,663,176,856 40,000,000 (1,915,452,541) 1,787,724,315 3.0% 80,447,951 (108,819,042) 404,490,144 IDC adjustment
2018-19 1,787,724,315 60,000,000 (135,289,063) 1,712,435,252 3.0% 53,981,866 458,472,011 IDC
2019-20 1,712,435,252 240,000,000 (147,409,273) 1,805,025,978 3.0% 53,386,754 - 511,858,765 IDC
Total 1,712,435,252 240,000,000 (147,409,273) 1,805,025,978 620,677,807 (108,819,042) 511,858,767
Annexure C-5: Loan from GoB (LA of Feni 100 MW Solar & 100 MW wind project)
Total Interest Paid
June Period
1 2 3 4 5 6 7 8 9 10
2017-18 - 381,520,000 - 381,520,000 3.0% 2,367,515 - 2,367,515 IDC
2018-19 381,520,000 - - 381,520,000 3.0% 11,445,600 - 13,813,115 IDC
2019-20 381,520,000 - - 381,520,000 3.0% 11,445,600 - 25,258,715 IDC
2019-20 381,520,000 - - 381,520,000 3.0% 11,445,600 - 36,704,315 IDC
Total 381,520,000 - - 381,520,000 36,704,315 - 36,704,315
Annexure C-6: Loan from GoB (LA of Pekua 2x600 MW coal power plant project)

Total Interest Paid
Beginning Loan Outstanding Interest rate /Adjsutment
Loan Addition Refund/Adjustme during the of interest as on Renarks
June Period
1 2 3 4 5 6 7 8 9 10
609,588,949 0 609,588,949 641,933 - 641,933
2017-18 609,588,949 - - 609,588,949 3.0% 18,287,668 - 18,929,601 IDC
2018-19 609,588,949 - - 609,588,949 3.0% 18,287,668 - 37,217,270 IDC
2019-20 609,588,949 - (609,588,949) - 3.0% 4,571,917 - 41,789,187 IDC
Total 609,588,949 - (609,588,949) - 41,789,194 - 41,789,187
107
ANNUAL REPORT 2020
Annexure C-7: Loan from GoB (LA of Munshiganj 300-400 MW power plant project)

Total Interest Paid
June Period
1 2 3 4 5 6 7 8 9 10
2018-19 - 688,750,726 - 688,750,726 3.0% 1,075,583 1,075,583 IDC
2019-20 688,750,726.00 - - 688,750,726 3.0% 20,662,522 21,738,105 IDC
Total 688,750,726.00 - - 688,750,726 21,738,112 21,738,105
108
Annexure - D : Debt service liability (foreign)
Annexure D-1: Siddhirgonj 2x120 MW PPP (ADB loan # BAN 2039)
DSL - Principal Portion

Principal Loan Amount ($) Principal Loan Amount (BDT)
No.
Closing
of No. of Cumulative Currency Currency
FY Beginning Balance Amount of Amount of Total Outstanding date Amount of Year end Closing
Inst Install Paymnet Unpaid Principal Principal Not Due Opening loan Fluctuation Fluctuation Loss/
of Principal Loan Installment due Installment paid loan (Due + Not Exchang Installment Total loan as on 30
allm ment date Installment (Due ($) amount Loss/ (Gain)- (Gain)-Unealized
($) ($) ($) Due) ($) e Rate paid (BDT) June (BDT)
ent paid portion) ($) Realized (BDT) (BDT)
due
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
2011-12 $ 109,290,242 1st $ 2,732,256 - $ 2,732,256 $ 106,557,986 $ 109,290,242 7,853,111,760
$ 109,290,242 2nd $ 2,732,256 - $ 5,464,512 $ 103,825,730 $ 109,290,242
2012-13 7,853,111,760 7,853,111,760
$ 109,290,242 3rd $ 2,732,256 - $ 8,196,768 $ 101,093,474 $ 109,290,242
$ 109,290,242 4th $ 2,732,256 - $ 10,929,024 $ 98,361,218 $ 109,290,242
2013-14 7,853,111,760 7,853,111,760
$ 109,290,242 5th $ 2,732,256 - $ 13,661,280 $ 95,628,962 $ 109,290,242
6th $ 2,732,256 1st $ (2,732,256) 7-Aug-14 $ 13,661,280 $ 92,896,706 $ 106,557,986 (212,050,393)
2014-15 $ 109,290,242 77.80 7,853,111,760 - 649,231,916 8,077,641,794
7th $ 2,732,256 2nd $ (2,732,256) 19-Jan-15 $ 13,661,280 $ 90,164,450 $ 103,825,730 (212,651,489)
3rd $ (2,732,256) 7-Oct-15 $ 13,661,280 $ 87,432,194 $ 101,093,474 (212,569,521)
8th $ 2,732,256
2015-16 $ 103,825,730 4th $ (2,732,256) 5-Jan-16 $ 10,929,024 $ 87,432,194 $ 98,361,218 78.40 8,077,641,794 (212,569,521) 59,289,966 7,497,310,621
9th $ 2,732,256 5th $ (2,732,256) 23-Jun-16 $ 10,929,024 $ 84,699,938 $ 95,628,962 (214,482,096) -
6th $ (2,732,256) 17-Oct-16 $ 10,929,024 $ 81,967,682 $ 92,896,706 (214,208,870)
10th $ 2,732,256 7th $ (2,732,256) 17-Oct-16 $ 8,196,768 $ 81,967,682 $ 90,164,450 (214,208,870)
8th $ (2,732,256) 2-Feb-17 $ 5,464,512 $ 81,967,682 $ 87,432,194 (215,984,837)
2016-17 $ 95,628,962 80.60 7,497,310,621 187,022,938 6,386,375,336
9th $ (2,732,256) 15-Feb-17 $ 5,464,512 $ 79,235,426 $ 84,699,938 (215,984,837)
11th $ 2,732,256 10th $ (2,732,256) 23-Mar-17 $ 2,732,256 $ 79,235,426 $ 81,967,682 (217,432,937)
11th $ (2,732,256) 6-Jun-17 $ - $ 79,235,426 $ 79,235,426 (220,137,871) -
12th $ 2,732,256 12th $ (2,732,256) 11-Sep-17 $ - $ 76,503,170 $ 76,503,170 (220,493,064)
2017-18 $ 79,235,426 83.70 6,386,375,336 6,557,424 228,689,833 6,174,625,502
13th $ 2,732,256 13th $ (2,732,256) 11-Feb-18 $ - $ 73,770,914 $ 73,770,914 (226,504,027)
14th $ 2,732,256 14th $ (2,732,256) 17-Jul-18 $ - $ 71,038,658 $ 71,038,658 (228,826,445)
2018-19 $ 73,770,914 84.50 6,174,625,502 819,687 54,645,121 5,771,890,969
15th $ 2,732,256 15th $ (2,732,256) 10-Feb-19 $ - $ 68,306,402 $ 68,306,402 (229,372,896)
16th $ 2,732,256 16th $ (2,732,256) 5-Aug-19 $ - $ 65,574,146 $ 65,574,146 (230,875,637)
2019-20 $ 68,306,402 84.85 5,771,890,969 1,092,913 21,994,662 5,332,134,367
17th $ 2,732,256 17th $ (2,732,256) 20-Jan-20 $ - $ 62,841,890 $ 62,841,890 (231,968,540)
TOTAL $ 68,306,402 $ 40,983,840 $ (46,448,352) $ - $ 62,841,890 $ 62,841,890 5,771,890,969 (3,730,321,853) 1,912,600 1,207,431,860 5,332,134,367
109
ANNUAL REPORT 2020
110
Annexure D-2 : Haripur 412 MW CCPP (JICA loan # BD-P55), DPP-1

Principal Loan Amount (JPY) Principal Loan Amount (BDT)
No. FY
Cumulative
of No. of Closing Currency Currency
FY Amount of Unpaid Principal not due Total Outstanding Installment
ANNUAL REPORT 2020
Begining Loan Inst Install Installment paid Paymnet date Opening Loan fluctuation fluctuation loss/ Total loan as on 30
Installment due Installment (Non current loan (Current + Non Paid Amount
Amount (JPY) allm ment (JPY) date Exchang Amount (BDT) loss/ (gain) - (gain)- June (BDT)
(JPY) (Current portion) portion) (JPY) Current) (JPY) in BDT
ent paid e Rate Realized Unrealized
(JPY)
due
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
2014-15 ¥ 16,370,870,898 1st ¥ 545,695,697 ¥ 545,695,697 ¥ 15,825,175,201 ¥ 16,370,870,898 0.6354 15,025,143,106 - (4,623,091,737) 10,402,051,369
¥ 16,370,870,898 2nd ¥ 545,695,697 ¥ 1,091,391,393 ¥ 15,279,479,505 ¥ 16,370,870,898
2015-16 0.7796 10,402,051,369 - - 2,360,679,583 12,762,730,952
¥ 16,370,870,898 3rd ¥ 545,695,697 ¥ 1,637,087,090 ¥ 14,733,783,808 ¥ 16,370,870,898
4th ¥ 545,695,697 1st -¥ 545,695,697 17-Nov-16 ¥ 1,637,087,090 ¥ 14,188,088,112 ¥ 15,825,175,201 (425,424,366)
2016-17 ¥ 16,370,870,898 5th 2nd -¥ 545,695,697 19-Jan-17 ¥ 1,637,087,090 ¥ 13,642,392,415 ¥ 15,279,479,505 0.7169 12,762,730,952 (332,274,110) (1,040,914,540) 10,562,649,612
¥ 545,695,697
3rd -¥ 545,695,697 14-Jun-17 ¥ 1,091,391,393 ¥ 13,642,392,415 ¥ 14,733,783,808 (401,468,324)
4th -¥ 545,695,697 23-Nov-17 ¥ 1,091,391,393 ¥ 13,096,696,718 ¥ 14,188,088,112 (395,029,115)
6th ¥ 545,695,697
5th -¥ 545,695,697 22-Mar-18 ¥ 545,695,697 ¥ 13,096,696,718 ¥ 13,642,392,415 (426,952,313)
2017-18 ¥ 18,007,957,988 0.7561 10,562,649,612 96,478,999 491,999,240 9,489,811,873
6th -¥ 545,695,697 22-Apr-18 ¥ 545,695,697 ¥ 12,551,001,022 ¥ 13,096,696,718 (421,768,204)
7th ¥ 545,695,697
7th -¥ 545,695,697 31-May-18 ¥ - ¥ 12,551,001,022 ¥ 12,551,001,022 (417,566,347)
8th ¥ 545,695,697 8th -¥ 545,695,697 13-Aug-18 ¥ - ¥ 12,005,305,325 ¥ 12,005,305,325 (410,690,581)
2018-19 ¥ 12,551,001,022 0.7831 9,489,811,873 7,530,601 309,409,459 8,974,020,300
9th ¥ 545,695,697 9th -¥ 545,695,697 17-Jan-19 ¥ - ¥ 11,459,609,629 ¥ 11,459,609,629 (422,041,052)
10th ¥ 545,695,697 10th -¥ 545,695,697 20-Aug-19 ¥ - ¥ 10,913,913,932 ¥ 10,913,913,932 (432,518,409)
2019-20 ¥ 11,459,609,629 0.7887 8,974,020,300 (763,974) 58,062,022 8,177,413,722
11th ¥ 545,695,697 11th -¥ 545,695,697 20-Jan-20 ¥ - ¥ 10,368,218,235 ¥ 10,368,218,235 (421,386,217)
TOTAL ¥ 11,459,609,629 ¥ 6,002,652,663 -¥ 6,002,652,663 ¥ 10,368,218,235 ¥ 10,368,218,236 (4,507,119,038) 103,245,626 (2,250,897,974) 8,177,413,720
Annexure D-3 : Haripur 412 MW CCPP (JICA Loan # BD-P58), DPP-1

Cumulative FY Closing
FY No. of Amount of No. of Unpaid Principal not due Total Outstanding loan date Currency Currency
Begining Loan Amount Installment paid Payment Opening Loan Installment Paid Total loan as on
Installment Installment due Installment Installment (Non current portion) (Current + Non Exchange fluctuation loss/ fluctuation loss/
(JPY) (JPY) date Amount (BDT) Amount in BDT 30 June (BDT)
due (JPY) paid (Current (JPY) Current) (JPY) Rate (gain) - Realized (gain)- Unrealized
portion) (JPY)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
2014-15 ¥ 12,985,594,160 - - - - - ¥ 12,985,594,160 ¥ 12,985,594,160 0.6354 11,918,144,843 - (3,667,098,314) 8,251,046,528.97
2015-16 ¥ 12,985,594,160 - - - - - ¥ 12,985,594,160 ¥ 12,985,594,160 0.7796 8,251,046,529 - 1,872,522,678 10,123,569,207
2016-17 ¥ 12,985,594,160 - - - - - ¥ 12,985,594,160 ¥ 12,985,594,160 0.7169 10,123,569,207 - (814,196,754) 9,309,372,453
2017-18 ¥ 12,985,594,160 - - - - - ¥ 12,985,594,160 ¥ 12,985,594,160 0.7561 9,309,372,453 - 509,035,291 9,818,407,744
2018-19 ¥ 12,985,594,160 1st ¥ 646,296,951 1st -¥ 646,296,951 21-Mar-19 - ¥ 12,339,297,208 ¥ 12,339,297,208 0.7831 9,818,407,744 (488,600,495) (64,630) 333,161,025 9,662,903,644
2nd ¥ 646,296,951 2nd -¥ 646,296,951 18-Jul-19 (503,465,325)
2019-20* ¥ 18,742,611,591 - ¥ 17,450,017,688 ¥ 17,450,017,688 0.7887 14,677,339,137 (9,435,935) 97,720,098.67 13,762,828,951
3rd ¥ 646,296,951 3rd -¥ 646,296,951 4-Feb-20 (499,329,025)
TOTAL ¥ 18,742,611,591 0 ¥ 1,938,890,854 0 (1,938,890,854) 0 ¥ 17,450,017,689 ¥ 17,450,017,688 14,677,339,137 (1,491,394,845) (9,500,565) (1,668,855,975) 13,762,828,950
* Loan BD P-58 both of the DPP-1 & DPP-2 has been merged due to completion of the project as well as project loan
Annexure D-4 : Haripur 412 MW CCPP (JICA Loan # BD-P58), DPP-2

Cumulative FY Closing
FY No. of Amount of No. of Unpaid Principal not due Total Outstanding loan date Currency Currency
Begining Loan Amount Installment paid Payment Opening Loan Installment Paid Total loan as on
Installment Installment due Installment Installment (Non current portion) (Current + Non Exchange fluctuation loss/ fluctuation loss/
(JPY) (JPY) date Amount (BDT) Amount in BDT 30 June (BDT)
due (JPY) paid (Current (JPY) Current) (JPY) Rate (gain) - Realized (gain)- Unrealized
portion) (JPY)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
2018-19 ¥ 6,403,314,383 0 ¥ - 0 ¥ - - ¥ 6,403,314,383 ¥ 6,403,314,383 0.7831 4,841,207,748 - 0 173,227,746 5,014,435,493
TOTAL ¥ 6,403,314,383 0 ¥ - 0 ¥ - 0 ¥ 6,403,314,383 ¥ 6,403,314,383 4,841,207,748 0 173,227,746 5,014,435,493
111
ANNUAL REPORT 2020
Annexure D-5: Siddhirgonj 2x120 MW PPP ( Interest on ADB loan # BAN 2039)
DSL - Interest Portion
112
Principal Loan Amount ($) Interest Amount ($) Interest Amount (BDT)
FY Closing Currency
No of Interst paid during the year ($) Currency
FY Beginning No. of Amount of Cumulative Balance date Interest provision Fluctuation Closing balance Fluctuation Remarks
Paymnet Total Outstanding FY Start Days Interest Interest on Interest on closing Total Interest Interest paid Opening Balance Interest payment/ loss/(gain)-
Balance of Installme Installment paid account- Opening Balance of Interest as on 30 Exchange during the year of Interest as on loss/(gain)-
date loan date rate fractional days outstanding loan during the period during the period of interest Adjsutment (BDT) Realized against Unrealized
Principal Loan ($) nt paid ($) able for of interest june ($) Rate (BDT) 30 June (BDT)
interest (JPY) ($) ($) Interest (BDT) against Interest
15=15(last
1 2 3 4 5 6=2+4 7 8=5-7 9 10 11=4*9*8/365 12=6*9 13=11+12 14 16 17 18=13*16 19 20 21=15*16 22 23
yr)+13+14
ANNUAL REPORT 2020
2011-12 $ 109,290,242 $ 109,290,242 included in IDC

2012-13 $ 109,290,242 $ 109,290,242 5% $ - $ 5,464,512 $ 5,464,512 $ 5,464,512 77.75 428,144,525 428,144,525
2013-14 $ 109,290,242 $ 109,290,242 5% $ 5,464,512 $ 5,464,512 $ 5,464,512 $ 10,929,024 77.63 428,144,525.00 424,210,076 852,354,601
1st $ (2,732,256) 7-Aug-14 1-Jul-14 37 5% $ 13,848
2014-15 $ 109,290,242 $ 103,825,730 $ 10,929,024 $ 5,191,286.52 $ 5,280,740 - $ 16,209,764 77.80 852,354,601.00 407,067,719 1,259,422,320
2nd $ (2,732,256) 19-Jan-15 1-Jul-14 202 5% $ 75,605
3rd $ (2,732,256) 7-Oct-15 1-Jul-15 98 5% $ 36,680
2015-16 $ 103,825,730 4th $ (2,732,256) 5-Jan-16 $ 95,628,962 1-Jul-15 188 5% $ 16,209,764 $ 70,365 $ 4,781,448 $ 5,022,485 - $ 21,232,249 78.40 1,259,422,320.00 379,275,575 1,638,697,895
5th $ (2,732,256) 23-Jun-16 1-Jul-15 358 5% $ 133,993
6th $ (2,732,256) 17-Oct-16 1-Jul-16 108 5% $ 40,422
7th $ (2,732,256) 17-Oct-16 1-Jul-16 108 5% $ 40,422
8th $ (2,732,256) 2-Feb-17 1-Jul-16 216 5% $ 80,845
2016-17 $ 95,628,962 $ 79,235,426 $ 21,232,249 $ 3,961,771 $ 4,435,612 - $ 25,667,861 80.60 1,638,697,895.00 430,131,702 - 2,068,829,597
9th $ (2,732,256) 15-Feb-17 1-Jul-16 229 5% $ 85,710
10th $ (2,732,256) 23-Mar-17 1-Jul-16 265 5% $ 99,185 Previous year shortfall
11th $ (2,732,256) 6-Jun-17 1-Jul-16 340 5% $ 127,256 interest adjsuted
12th $ (2,732,256) 11-Sep-17 1-Jul-17 72 $ 26,948
2017-18 $ 79,235,426 $ 73,770,914 5% $ 25,667,861 $ 3,688,546 $ 3,799,707 - $ 29,467,568 83.70 2,068,829,596.60 318,035,476 - 2,466,435,442 79,570,369
13th $ (2,732,256) 11-Feb-18 1-Jul-17 225 $ 84,213
14th $ (2,732,256) 17-Jul-18 1-Jul-18 16 $ 5,988.51 $ (5,464,512) (458,472,557)
2018-19 $ 73,770,914 $ 68,306,402 5% $ 29,467,568 $ 3,415,320 $ 3,505,148 $ 22,043,692 84.50 2,466,435,441.60 296,185,006 1,803,269 1,862,691,953 14,830,835
15th $ (2,732,256) 10-Feb-19 1-Jul-18 224 $ 83,839.09 $ (5,464,512) (458,090,041)
16th $ (2,732,256) 5-Aug-19 1-Jul-19 35 $ 13,099.86
2019-20 $ 68,306,402 $ 62,841,889 5% $ 22,043,692 $ 3,142,094 $ 3,231,173 $ (25,274,865) $ - 84.85 1,862,691,953.38 274,165,029 (2,141,978,699) 5,121,696 - -
17th $ (2,732,256) 20-Jan-20 1-Jul-19 203 $ 75,979.18
TOTAL $ 73,770,914 $ (40,983,841) $ 68,306,402 $ 22,043,692 $ 1,005,321 $ 21,038,372 $ 22,043,692 $ (10,929,024) $ 22,043,692 2,683,050,079 (916,562,598) 6,924,965 - -
Annexure D-6 : Haripur 412 MW CCPP (Interest on JICA loan # BD-P55), DPP-1

Principal Loan Amount (JPY) Interest Amount (JPY) Interest Amount (BDT)
Interst during the year (JPY) Currency
FY Closing Currency
No of Fluctuation
FY No. of Interest Cumulative balance date Interest provision Fluctuation Closing balance Remarks
Begining Loan Installment paid Paymnet Days due Interest on Interest on closing Total Interest Opening Balance Interest payment/ loss/(gain)-
Installme Total Outstanding FY Start Interest Opening Balance Payment/ of Interest as on 30 Exchange during the year loss/(gain)- of Interest as on
Amount (JPY) (JPY) date for fractional days outstanding loan during the period of interest Adjsutment (BDT) Unrealized
nt paid loan (JPY) date rate of interest Adjsutment (JPY) June (JPY) Rate (BDT) Realized against 30 June (BDT)
interest (JPY) (JPY) (JPY) against Interest
Interest (BDT)
FY (BDT)
15=15(last
1 2 3 4 5 6=2+4 7 8=5-7 9 10 11=4*9*8/365 12=6*9 13=11+12 14 16 17 18=13*16 19 20 21=15*16 22 23
yr)+13+14
2014-15 ¥ 16,370,870,898 ¥ 16,370,870,898 ¥ 1,145,746,191 ¥ 1,145,746,191 ¥ 1,145,746,191 0.6354 - 1,210,777,758 728,007,130

2015-16 ¥ 16,370,870,898 ¥ 16,370,870,898 1-Jul-15 2% ¥ 1,145,746,191 ¥ 327,417,418 ¥ 327,417,418 ¥ 1,473,163,609 0.7796 728,007,130 (62,299,408) 1,148,478,350
1st (545,695,697) 17-Nov-16 1-Jul-16 139 2% ¥ 4,156,258
2016-17 ¥ 16,370,870,898 2nd (545,695,697) 19-Jan-17 ¥ 14,733,783,808 1-Jul-16 202 2% ¥ 1,473,163,609 ¥ 6,040,029 ¥ 294,675,676 ¥ 315,277,558 ¥ (15,020,892) ¥ 1,773,420,275 0.7169 1,148,478,350 134,596,932 (11,710,287) 1,271,364,995
3rd (545,695,697) 14-Jun-17 1-Jul-16 348 2% ¥ 10,405,595
4th (545,695,697) 23-Nov-17 1-Jul-17 145 2% ¥ 4,335,664
5th (545,695,697) 22-Mar-18 1-Jul-17 264 2% ¥ 7,893,899
2017-18 ¥ 14,733,783,808 ¥ 12,551,001,022 ¥ 1,773,420,275 ¥ 251,020,020 ¥ 282,027,495 ¥ - ¥ 2,055,447,770 0.7561 1,271,364,995 213,240,989 - - 1,554,124,059 69,518,075
6th (545,695,697) 22-Apr-18 2-Jul-17 294 2% ¥ 8,790,933
7th (545,695,697) 31-May-18 1-Jul-17 334 2% ¥ 9,986,979
8th (545,695,697) 13-Aug-18 1-Jul-18 43 2% ¥ 1,285,749
2018-19 ¥ 12,551,001,022 ¥ 11,459,609,629 ¥ 2,055,447,770 ¥ 229,192,193 ¥ 236,458,169 ¥ (1,145,746,191) ¥ 1,146,159,748 0.7831 1,554,124,059 185,170,392 (864,350,927) 1,947,768 897,557,699 20,666,407
9th (545,695,697) 17-Jan-19 1-Jul-18 200 2% ¥ 5,980,227
8th (545,695,697) 20-Aug-19 1-Jul-19 50 2% ¥ 1,495,057
2019-20 ¥ 11,459,609,629 ¥ 10,368,218,235 ¥ 1,146,159,748 ¥ 207,364,365 ¥ 214,929,352 ¥ (1,361,059,199) ¥ 29,901 0.7887 897,557,699 169,514,780 (1,062,798,179) (8,169,836) 23,583.00 3,895,536
9th (545,695,697) 20-Jan-20 1-Jul-19 203 2% ¥ 6,069,930
TOTAL ¥ 11,459,609,629 ¥ (6,002,652,663) ¥ 10,368,218,235 1,146,159,748.00 ¥ 66,440,320 ¥ 2,455,415,863 ¥ 2,521,856,183 ¥ (2,521,826,282) ¥ 29,901 897,557,699.00 1,851,001,443 (1,938,859,393.40) (6,222,067.61) 23,583.00 94,080,017.96

Interst during the year (JPY) Currency
Currency
No of Fluctuation
FY No. of Interest Cumulative Balance Exchange Interest provision Fluctuation Closing balance Remarks
Begining Loan Installment paid Paymnet Total Outstanding Days due Inte- Interest on Interest on total Total interest Opening Balance Interest payment/ loss/(gain)-
Installme FY Start Opening Balance Payment/ of Interest as on 30 Rate during the year loss/(gain)- of Interest as on
Amount (JPY) (JPY) date loan (JPY) for rest fractional days outstanding during the period of interest Adjsutment (BDT) Unrealized
nt paid date of interes Adjsutment (JPY) June (JPY) (BDT) Realized against 30 June (BDT)
interest rate (JPY) amount (JPY) (JPY) against Interest
Interest (BDT)
FY (BDT)
15=15(last
1 2 3 4 5 6=2+4 7 8=5-7 9 10 11=4*9*8/365 12=6*9 13=11+12 14 16 17 18=13*16 19 20 21=15*16 22 23
yr)+13+14
2014-15 ¥ 12,985,594,160 - - ¥ 12,985,594,160 2% 0.6354
2015-16 ¥ 12,985,594,160 - - ¥ 12,985,594,160 2% ¥ 744,992,010 ¥ 744,992,010 ¥ 744,992,010 0.7796 - 580,795,771 580,795,771
2016-17 ¥ 12,985,594,160 - - ¥ 12,985,594,160 2% ¥ 744,992,010 ¥ 259,711,883 ¥ 259,711,883 -¥ 171,211 ¥ 1,004,532,682 0.7169 580,795,771.00 139,487,185 (133,476) 720,149,480
2017-18 ¥ 12,985,594,160 - - ¥ 12,985,594,160 2% ¥ 1,004,532,682 ¥ 259,711,883 ¥ 259,711,883 ¥ - ¥ 1,264,244,565 0.7561 720,149,480.00 196,368,155 - 955,895,316 39,377,681 Loan not yet finalized
loan has been finalized by
2018-19 ¥ 12,985,594,160 1st -¥ 646,296,951 21-Mar-19 ¥ 12,339,297,208 1-Jul-18 263 2% ¥ 1,264,244,565 ¥ 9,313,759 ¥ 246,785,944.16 ¥ 256,099,703 -¥ 744,992,010 ¥ 775,352,258 0.7831 955,895,316.00 200,551,678 (571,706,868) 8,418,410 607,178,353 14,019,817 adding JPY 6,403,314,383
from BD-P58 (DPP-2)
2nd -¥ 646,296,951 18-Jul-19 ¥ 18,096,314,640 17 ¥ 602,030
2019-20 ¥ 18,742,611,591 1-Jul-19 2% ¥ 854,260,666 ¥ 349,000,353.77 ¥ 357,322,534 -¥ 1,388,807,367 -¥ 177,224,168 0.7887 668,971,527 281,820,283 (1,100,392,618) 110,829,988 (139,776,701) - Merging of P-58 (DPP-1 & DPP-2)
3rd -¥ 646,296,951 4-Feb-20 ¥ 17,450,017,688 218 ¥ 7,720,150
TOTAL ¥18,742,611,591 0 -¥1,938,890,854 ¥ 17,450,017,688 0 854,260,666 ¥ 17,635,939 ¥ 1,860,202,074 ¥ 1,877,838,014 -¥ 2,133,970,589 -¥ 177,224,168 668,971,527 1,399,023,072 (1,672,232,963) 119,248,398 (139,776,701) 53,397,498.00
a
Currency Currency
No of Interest during
FY No. of Total Outstanding Inte- Interest on total Total interest Cumulative/ closing Exchange Interest payment/ Fluctuation Closing balance Fluctuation Remarks
Begining Loan Installment paid Paymnet FY Start Days due Opening Balance the year (on Interest payment/ Opening Balance Interest provision
Installmen loan (Current + Non rest outstanding amount during the period Interest Amount Rate Adjsutment loss/(gain) of interest as on 30 loss/(gain) against
Amount (JPY) (JPY) date date for of interes Repayment Adjsutment (JPY) of interest during the year (BDT)
t paid Current) (JPY) rate (JPY) (JPY) (JPY) (BDT) against Interest- June (BDT) Interest-
interest FY amount)
Realized (BDT) Unrealized (BDT)
15=15(last
1 2 3 4 5 6=2+4 7 8=5-7 9 10 11=4*9*8/365 12=6*9 13=11+12 14 16 17 18=13*16 19 20 21=15*16 22 23
yr)+13+14
2018-19 ¥ 6,403,314,383 - - ¥ 6,403,314,383 1-Jul-18 - - ¥ 128,066,288 ¥ 128,066,288 -¥ 49,157,880 ¥ 78,908,407 0.7831 100,288,710 (38,495,536) - 61,793,174 - Merging of P-58
2019-20 ¥ 78,908,407 ¥ - ¥ - -¥ 78,908,407 ¥ 157,816,815 61,793,174 - (62,392,878) 599,704 - (DPP-1 & DPP-2)
TOTAL 6,403,314,383 - - - - - - 78,908,407 - - - (128,066,288) 157,816,815 - 61,793,174 - (100,888,414) 599,704 - -
113
ANNUAL REPORT 2020
Annexure E: Statement of revenue from sales of energy
114
For the period from July 2019 to June 2020
Annexure E-1 :Siddhirganj 2x120 MW PPP (O&M)

ANNUAL REPORT 2020
Invoice Submitted by EGCB to BPDB
Plant Outage
Sl. Month Net Sales Revenue Remarks
Energy Payment (Provision)
Capacity Payment Total (Tk)
VOMP FUEL Demand Charge Sub Total
1 Jul-19 127,330,039.00 40,991 40,991 127,371,030 48,585 127,322,445
2 Aug-19 127,330,039.00 1,659,726 116,771,091 9,344,550 127,775,367 255,105,406 20,046,598 235,058,808
3 Sep-19 127,330,039.00 135,505 12,408,131 4,672,275 17,215,911 144,545,950 7,697,020 136,848,930
4 Oct-19 127,593,778.00 126,103 11,149,001 4,672,275 15,947,379 143,541,157 8,062,016 135,479,141
5 Nov-19 127,804,770.00 878,502 65,439,680 4,672,275 70,990,457 198,795,227 11,499,893 187,295,334
6 Dec-19 127,804,770.00 816,826 69,978,509 4,672,275 75,467,610 203,272,380 19,128,411 184,143,969
Dec-19 & Suppl. (Jul'18-
7 42,171,191.91 3,801,963 3,801,963 45,973,155 8,097,221 37,875,934
Dec'18)
8 Jan-20 127,804,770.00 137,555 12,781,058 4,672,275 17,590,888 145,395,658 7,543,411 137,852,247
Jan-20 & Suppl. (Jan-19 to
9 94,064,278.50 7,328,916 - - 7,328,916 101,393,194 2,345,460 99,047,734
Dec-19)
10 Feb-20 125,844,473 60,847 6,071,197 4,672,275 10,804,319 136,648,792 5,985,697 130,663,095
11 Mar-20 125,436,077 451,171 33,821,000 4,672,275 38,944,446 164,380,523 7,912,831 156,467,692
12 Apr-20 125,436,077 1,570,446 113,470,383 4,672,275 119,713,104 245,149,181 11,278,752 233,870,429
13 May-20 125,436,077 2,478,847 169,610,899 4,672,275 176,762,021 302,198,098 12,355,563 289,842,535
14 Jun-20 125,436,077 511,493 41,810,587 4,672,275 46,994,355 172,430,432 9,835,491 162,594,941
Grand total 1,656,822,456 19,998,890 653,311,536 56,067,300 729,377,726 2,386,200,183 131,836,948 2,254,363,235
Annexure E-2: Haripur 412 MW CCPP (O&M)

Plant Outage
Sl. Month Energy Payment Net Sales Revenue Remarks
Capacity Payment Total (Tk) (Provision)
1 Jul-19 281,697,288 15,338,492 216,364,175 5,400,000 237,102,667 518,799,955 13,071,300 505,728,655
2 Aug-19 286,838,754 16,862,158 239,578,629 5,400,000 261,840,787 548,679,541 12,686,719 535,992,822
3 April'18 (Arrear of NECP) 23,997,277 - - - - 23,997,277 - 23,997,277
4 Sep-19 283,411,110 15,151,951 215,011,446 5,400,000 235,563,397 518,974,507 12,525,988 506,448,519
5 Oct-19 283,397,143 17,028,206 241,764,311 5,400,000 264,192,517 547,589,660 12,536,628 535,053,032
6 Nov-19 282,429,085 15,477,389 219,500,326 5,400,000 240,377,715 522,806,800 12,484,787 510,322,013
7 Dec-19 284,000,089 16,238,653 236,154,450 5,400,000 257,793,103 541,793,192 12,560,725 529,232,467
Supp.-Inv.(Jul'18-Dec'18) 75,484,065 25,564,705 25,564,705 101,048,770 13,675,620 87,373,151
8
9 Jan-20 283,547,830 15,178,710 221,170,942 5,400,000 241,749,652 525,297,482 12,534,578 512,762,904
10 Supp.-Inv.(Jan'19-Dec'19) 175,018,510 72,105,554 72,105,554 247,124,064 10,621,800 236,502,264
11 Feb-20 284,928,409 15,734,315 223,260,970 5,400,000 244,395,285 529,323,694 12,596,035 516,727,659
12 Mar-20 285,428,275 16,730,897 235,024,482 5,400,000 257,155,379 542,583,654 12,622,919 529,960,735
13 Apr-20 284,941,063 14,021,936 203,475,441 5,400,000 222,897,377 507,838,440 12,690,179 495,148,261
14 May-20 282,543,432 16,260,730 229,629,840 5,400,000 251,290,570 533,834,002 12,404,413 521,429,589
15 Jun-20 282,355,901 6,359,314 91,388,388 5,400,000 103,147,702 385,503,603 152,811,017 232,692,586
Sub total 3,680,018,231 278,053,010 2,572,323,400 64,800,000 2,915,176,410 6,595,194,641 315,822,707 6,279,371,934
16 Outage on previous year bill - - 7,884,420 (7,884,420)
Grand total 3,680,018,231 278,053,010 2,572,323,400 64,800,000 2,915,176,410 6,595,194,641 323,707,128 6,271,487,514
Annexure E-3: Siddhirganj 335 MW CCPP (O&M)

Plant Outage
Sl. Month Energy Payment Net Sales Revenue Remarks
Capacity Payment Total (Tk) (Provision)
1 Jul-19 80,900,289 1,022,847 30,740,585 4,608,000 36,371,432 117,271,721 12,893 117,258,828
2 Aug-19 80,900,289 1,165,576 32,707,698 4,608,000 38,481,274 119,381,563 7,166,119 112,215,444
3 Sep-19 268,156,489 4,767,074 114,540,521 4,608,000 123,915,595 392,072,084 70,819,290 321,252,794
4 Oct-19 348,845,652 5,223,492 84,331,374 4,608,000 94,162,866 443,008,518 100,021,644 342,986,874
5 Nov-19 249,036,076 5,709,811 87,222,970 4,608,000 97,540,781 346,576,857 62,809,677 283,767,180
6 Dec-19 249,036,076 12,948,752 201,897,574 4,608,000 219,454,326 468,490,402 24,388,722 444,101,680
7 Jan-20 249,036,076 10,060,097 167,779,657 4,608,000 182,447,754 431,483,830 57,141,159 374,342,671
8 Feb-20 249,036,076 1,731,765 35,370,637 4,608,000 41,710,402 290,746,478 31,128,056 259,618,422
9 Mar-20 249,036,076 534,967 14,811,900 4,608,000 19,954,867 268,990,943 13,965,541 255,025,402
10 Apr-20 249,036,076 6,475,638 161,311,362 4,608,000 172,395,000 421,431,076 112,356,561 309,074,515
11 May-20 249,036,076 1,279,432 31,505,990 4,608,000 37,393,422 286,429,498 227,431,133 58,998,365
12 Jun-20 249,036,076 9,704,159 204,709,665 4,608,000 219,021,824 468,057,900 86,347,782 381,710,118
115
Grand total 2,771,091,327 60,623,610 1,166,929,933 55,296,000 1,282,849,543 4,053,940,870 793,588,577 3,260,352,293
ANNUAL REPORT 2020
ANNUAL REPORT 2020
Annexure F: Gas bill details
For the period from July 2019 to June 2020
F-1 :Siddhirganj 2x120 MW PPP (O&M)
Outstanding
Sl Month Invoice Amount Certified Amount Paid Amount HHV factor Remarks
Amount
1 Jul-19 4,708,039 4,708,039.00 4,708,039 - -

2 Aug-19 110,741,318 110,741,318.00 106,069,043 4,672,275 -
3 Sep-19 14,070,457 14,070,457.00 9,398,182 4,672,275 -
4 Oct-19 12,431,535 12,431,535.00 7,759,260 4,672,275 -
5 Nov-19 63,284,337 63,284,337.00 58,612,062 4,672,275 -
6 Dec-19 60,194,649 60,194,649.00 55,522,374 4,672,275 -
7 Jan-20 14,583,582 14,583,582.00 9,911,307 4,672,275 -
8 Feb-20 9,511,730 9,511,730.00 4,839,455 4,672,275 -
9 Mar-20 35,252,720 35,252,720.00 - 35,252,720 -
10 Apr-20 111,536,181 111,536,181.00 - 111,536,181 -
11 May-20 166,671,588 166,671,588.00 - 166,671,588 -
12 Jun-20 39,932,815 39,932,815.00 - 39,932,815 -
Total 642,918,951 642,918,951 256,819,722 386,099,229 -
F-2 : Haripur 412 MW CCPP (O&M)

Outstanding
Amount
1 Jul-19 201,769,222 201,769,222 201,769,222 - -

2 Aug-19 221,067,194 221,067,194 221,067,194 - -
3 Sep-19 201,863,646 201,863,646 201,863,646 - -
4 Oct-19 223,661,509 223,661,509 223,661,509 -
5 Nov-19 203,098,570 203,098,570 203,098,570 - -
6 Dec-19 216,815,095 216,815,095 216,815,095 - -
7 Jan-20 203,921,188 203,921,188 203,921,188 - -
8 Feb-20 207,288,713 207,288,713 207,288,713 - -
9 Mar-20 218,542,046 218,542,046 - 218,542,046 -
10 Apr-20 189,090,344 189,090,344 - 189,090,344 -
11 May-20 88,433,080 88,433,080 - 88,433,080 -
12 Jun-20 214,035,945 214,035,945 - 214,035,945 -
Total 2,389,586,552 2,389,586,552 1,679,485,137 710,101,415 -
F-3 : Siddhirganj 335 MW CCPP (O&M)
Outstanding
Amount
1 Jul-19 34,636,017 34,636,017 34,636,017 - -

2 Aug-19 47,595,721 47,595,721 47,595,721 - -
3 Sep-19 93,699,434 93,699,434 93,699,434 - -
4 Oct-19 83,582,074 83,582,074 83,582,074 - -
5 Nov-19 85,197,246 85,197,246 85,197,246 - -
6 Dec-19 188,568,588 188,568,588 188,568,588 - -
7 Jan-20 159,028,367 159,028,367 159,028,367 - -
8 Feb-20 36,259,208 36,259,208 36,259,208 - -
9 Mar-20 17,569,390 17,569,390 - 17,569,390 -
10 Apr-20 147,289,026 147,289,026 - 147,289,026 -
11 May-20 32,328,567 32,328,567 - 32,328,567 -
12 Jun-20 188,016,726 188,016,726 - 188,016,726 -
Gas bill Adjustment (May'19 &
- (7,873,926) - -
Jun'19)
Total 1,113,770,365 1,105,896,440 728,566,655 385,203,710 -
116
ANNUAL REPORT 2020
Annexure-G: Group expense breakup

Annexure G-1: Cost of goods sold ( Siddhirgonj 2x120 MW PPP-O&M):
30-Jun-20 30-Jun-19
SL Particulars Accounts Breakdown
(Taka) (Taka)
Ansar bonus 360,750.00 359,450.00
Security services
1.1 Security guard (Ansar) 3,416,500.00 3,357,000.00
Sub total 3,777,250.00 3,716,450.00
Repair & maintenances -
Repair & maintenance-plant
1.2 plant 41,115,245.50 103,947,985.41
Sub total 41,115,245.50 103,947,985.41
Fuel, lubricant & CNG for vehicles 1,084,912.50 1,146,377.00
Insurance (vehicles) 227,966.00 206,479.00
Repair & maintenance -
Mobil for vehicle 46,150.00 48,170.00
1.3 vehicles
Repair & maintenance - vehicles 917,150.00 1,937,284.00
Taxes,lincenses & fees for vehicle 263,146.00 54,758.00
Sub total 2,539,324.50 3,393,068.00
Fuel used for others machineries 40,950.00 164,175.00
Office maintenance - 199,995.00
Repair & maintenances - Repair & maintenance-office equipment 97,512.08 87,949.00
1.4 other assets Repair & maintenance- office furniture 23,700.00 6,610.00
Repairs & maintenance-office building 3,192,973.14 2,681,793.00
Software maintanace fee - -
Sub total 3,355,135.22 3,140,522.00
Conveyance expense 30,915.00 38,890.00
Postage & telegram 2,107.00
Travelling &
Telephone, internet & mobile bill 467,301.00 513,452.00
1.5 communication expense
Toll fare - 159,990.00
Travelling expense 1,381,849.00 1,029,033.00
Sub total 1,880,065.00 1,743,472.00
Legal & professional Electricity licence / Renewal/ Enviorment fee 152,748.75 1,122,440.00
1.6 fees Municipality tax 928,359.00 928,359.00
Sub total 1,081,107.75 2,050,799.00
Washing expense 1,420.00 1,785.00
Wages for hired labor 176,227.00 342,242.00
Uniform & liveries 787,133.00 561,600.00
Books & periodicals 16,284.00 20,991.00
Honrarium for bid evaluation 75,500.00
Miscellaneous expenses
1.7 Honorarium for bid evaluation & others 233,500.00 238,960.00
Ceremonial expense 65,760.00 39,700.00
Misc. expense 122,500.00 69,001.00
Transportation expenses - 49,500.00
Medical expenses - 35,935.00
Sub total 1,402,824.00 1,435,214.00
Depreciation & Depreciation expense 718,174,626.00 785,655,186.46
1.8 amortization Amortization expense (4,009,645.00) 4,009,644.96
Sub total 714,164,981.00 789,664,831.42
Total 1,538,631,865.94 909,092,341.83
117
ANNUAL REPORT 2020
Annexure G-2:
Cost of goods sold (Haripur 412 MW CCPP-O&M)
30-Jun-20 30-Jun-19
(Taka) (Taka)
Ansar bonus 601,900.00 483,950.00

Security services
2.1 Security guard (Ansar) 4,717,160.00 5,939,460.00
Sub total 5,319,060.00 6,423,410.00
Electricity charge 154,953.00 181,602.00
Electricity expenses
2.2 Electricty expense-Ansar/residential 80,991.00 80,417.00
Sub total 235,944.00 262,019.00
Electricity expense-plant 593,674.00 534,027.00
HEPA/Pre filter change expense 107,887.00 49,500.00
Nitrogen gas 361,284.00 562,905.00
Pest control expense 590,077.00 502,280.00
PH, temperature, lub oil & grease test fee 175,859.00 20,076.00
Skilled/ Semi skilled labour expense 495,710.00 693,500.00
2.3 plant
Sludge removal expense 181,980.00
Sweeping & cleaning expense 2,542,373.00 2,419,542.00
Water intake cleaning 160,400.00 164,232.00
Repair & maintenance of plant 118,023,907.27 67,927,553.64
Coolant Gas 963,925.00 -
Sub total 124,015,096.27 73,055,595.64
CNG for vehicle 1,029,238.00
Fuel, lubricant for vehicles 1,278,501.00 313,536.00
Repair & maintenance - Garage rent for vehicles 8,000.00
2.4 vehicles Insurance (vehicles) 469,431.00 289,231.00
Repair & maintenance - vehicles 1,393,375.00 1,674,910.00
Taxes,lincenses & fees for vehicle 308,978.00 225,545.00
Sub total 3,450,285.00 3,540,460.00
Fuel & diesel for EDG/crane 535,023.00 649,800.00
Repair & maintenance- civil works/ electrical works 5,192,768.17 2,829,141.00
Repair & maintenances-
Repair & maint. of office equipment 251,811.09 127,660.00
2.5 other assets
Repair & maintenance (software/ website redesign/IT) - -
Repair & maint. of office furniture 14,300.00 -
Sub total 5,993,902.26 3,606,601.00
Travelling & Postage & telegram 5,120.00 82.00
communication Telephone, internet & mobile bill 538,852.00 717,630.00
2.6
expenses Transportation expenses 15,200.00
Travelling expense & daily allowance 359,165.00 424,665.00
Sub total 967,943.00 1,225,937.00
Electricity licence / Renewal/ Enviorment fee 1,560,736.00 3,711,106.00
Legal & professional Rates and tax for land and building 2,244,061.00 818,496.00
2.7 fees Land development tax 157,500.00 157,500.00
Legal expense 10,500.00
Sub total 3,972,797.00 4,687,102.00
Honorarium for bid evaluation 326,500.00 394,000.00
Medical expense 4,508.00 1,454.00
Miscellaneous expenses 123,770.00 75,985.00
Miscellaneous expenses
2.8 Uniforms & liveries 493,660.00 488,178.00
Wages for hired labour 85,207.00 39,987.00
Washing exp. 60,840.00
Benevolent & recreation - -
Sub total 1,041,805.00 1,109,676.00
Total 144,996,832.53 93,910,800.64
118
ANNUAL REPORT 2020
Annexure G-3:
Cost of goods sold ( Siddhirganj 335 MW CCPP-O&M):
30-Jun-20 30-Jun-19
(Taka) (Taka)
Security guard expenses 7,954,306.00 6,755,008.25

Security services Ansar wages 142,800.00 133,600.00
3.1
Sub total 8,918,356.00 7,093,868.25
Repair & maintenance of plant 1,659,602.75 224,776.00
Operational expense 13,237,120.00 -
3.2 plant
Store purchase(local) 11,310,873.99 27,880,853.08
Sub total 26,207,597 28,105,629
Fuel, lubricant & CNG for vehicle 631,819.00 478,719.00
Repair & maintenance -
Repair & maintenances-vehicle 497,207.00 351,708.00
3.3 vehicles
Taxes,lincenses & fees for vechile 47,359.00 7,976.00
Vehicle garage rent 12,000.00
Sub total 1,397,320.00 984,018.00
Repair & maintenance-office equipment 64,678.00 35,210.00
Repair & maintenances - Repair & maintenance-office Building 60,100.00
3.4 other fixed assets Repair & maintenance- office furniture 250.00 3,000.00
Sub total 125,028.00 38,210.00
Travelling & Telephone, internet & mobile bill 479,716.00 438,269.00
communication Postage & Telegram 310.00
3.5
expenses Travelling Expenses 547,931.85
Diesel for EDG/crain/forklift 9,490.00
Sub total 1,078,267.85 516,159.00
Electricity licence / Renewal/ Enviorment fee 235,922.50 30,762.50
Legal & professional
Environmental licence fee 1,081,250.00
3.6 fees
Rates and taxes 58,545.00 45,975.00
Sub total 294,467.50 1,157,987.50
Ceremonial espense 50,000.00 -
Inauguration exp. 175,565.00
Mujib 100 1,528,650.80
Medical Exp 214,862.00 -
Miscellaneous expenses Honrarium for bid evaluation 143,500.00 47,000.00
3.7
Misc. exp 9,800.00
Uniforms & liveries 16,255.00 800.00
Washing expense 290.00 270.00
News paper expenses 6,940.00 4,940.00
Sub total 1,960,497.80 238,375.00
Total 39,981,533.89 38,134,246.83
119
ANNUAL REPORT 2020
Annexure G-4:
Administrative expenses ( corporate office):
30-Jun-20 30-Jun-19
(Taka) (Taka)
Electricity charges 1,711,116.00 592,189.00

Rent & utilities Management service charge 577,555.34 457,862.00
4.1
Office rent 2,813,135.00 234,428.00
Sub total 5,101,806.34 1,284,479.00
CNG for vehicles 315,056.00 1,215,094.00
Fuel for vehicles 2,635,653.00 1,885,276.00
VAT on fuel & CNG for vehicles 212,976.00 151,061.00
Garage rent 198,000.00 120,500.00
4.2 vehicles
Repair & maint. - vehicle 2,492,410.00 2,035,339.00
Taxes,licenses & fees for vehicle 244,031.00 341,968.00
Sub total 6,728,371.00 6,705,064.00
Repair & maintenance software/IT equipment 219,040.00 649,800.00
Repair & maint. of office equipment 1,214,021.00 484,660.00
4.3 other assets
Repair & maint. of office furniture 22,575.00 34,000.00
Sub total 1,455,636.00 1,168,460.00
Conveyance expenses 159,596.00 151,729.00
Travelling &
Postage & telegram 325.00 1,000.00
communication
4.4 Telephone, internet & mobile bill 1,718,510.00 1,616,550.00
expenses
Travelling expenses 2,307,761.00 893,588.00
Sub total 4,186,192.00 2,662,867.00
Audit fee 449,138.00 443,750.00
Legal & professional Legal expenses 558,904.00 620,605.00
4.5 fees Rates & taxes 33,482.00 25,365.00
license fee/ Renewal fee 2,271,322.00 -
Sub total 3,312,846.00 1,089,720.00
Honorarium for recruitment 919,500.00
Recruitment & training Recruitment expenses 10,279,225.00 10,223,965.00
4.6 expenses Innovation Expense 96,504.00 -
Trainning & education 1,771,272.00 1,259,681.00
Sub total 12,147,001.00 12,403,146.00
Honorarium 405,500.00 74,000.00
Honorarium Honourarium for bid evaluation 115,000.00 356,000.00
4.7
Honourarium to directors 2,430,000.00 3,305,000.00
Sub total 2,950,500.00 3,735,000.00
Ceremonial expenses 58,074.00 490,245.00
Donation/Subscription/ Donation & contribution 5,397,998.00 5,200,000.00
CSR/Ceremonial National electricity week expense - 548,800.00
4.8
expense Contribution to PM relief fund(CSR) - -
Benevolent & recreation - -
Sub total 5,456,072.00 6,239,045.00
Board meeting expenses 582,637.00 1,049,537.00
Computer accessories 49,573.00 68,445.00
Liveries 223,223.00 192,410.00
Medical expenses 41,660.00 6,184.00
Miscellaneous expenses Misc. expenses 24,790.00 51,921.00
4.9
News paper & periodicals 35,188.00 35,953.00
Office furnishing expenses 244,940.00 306,879.00
Office supplies 85,398.00 28,100.00
Washing expenses 680.00 1,110.00
Sub total 1,324,084.00 1,771,914.00
Depreciation & Amortization expense 1,196,000.00 653,316.00
4.10 amortization Depreciation expense 19,544,769.01 17,226,598.00
Sub total 20,740,769.01 17,879,914.00
Total 63,403,277.35 54,939,609.00
120
ANNUAL REPORT 2020
ANNEXURE-H : Salary and other benefits
H-1: Siddhirganj 2x120 MW PPP
FY 2019-20 FY 2018-2019
SL Particulars Amount (Tk) Amount (Tk)
Officers Staffs Daily Staffs Total Officers Staffs Daily Staffs Total
1 Basic salary 32,948,488 12,844,636 45,793,124 32,450,191 12,135,749 44,585,940
2 Daily basis salary 350,280 350,280 349,307 349,307
3 House rent allowance 16,477,986 5,662,349 22,140,335 16,225,096 5,306,266 21,531,362
4 Conveyance allowances 1,353,485 1,809,581 3,163,066 1,367,200 1,743,000 3,110,200
5 Medical allowance 587,835 1,363,552 1,951,387 458,150 1,298,328 1,756,478
6 Education allowance 110,000 349,000 459,000 110,000 311,000 421,000
7 Festival bonus 5,455,500 2,137,410 29,190 7,622,100 5,430,290 2,020,470 29,190 7,479,950
8 Charge allowance 105,000 105,000 34,559 60,000 94,559
9 CPF from employer 2,949,471 1,242,133 4,191,604 3,111,670 1,235,114 4,346,784
10 Bengali new year allowance 216,754 3,016 219,770 524,438 199,790 2,919 727,147
11 Electricity allowance 647,909 526,814 1,174,723 670,381 520,907 1,191,288
12 Leave encashment 1,698,420 930,358 2,628,778 2,472,109 981,130 3,453,239
13 Entertainment allowance 36,000 36,000 - - -
14 Honorarium to officers 1,407,498 1,407,498 12,000 12,000
15 Gas bill - residential - -
16 Telephone bill-residential - -
17 Sweeper allowance - -
18 Water & sanitation allowance - -
19 Servant allowance - -
20 Medical reimbursement 3,143,187 3,143,187 3,137,633 3,137,633
21 Recreation allowance - -
22 Security allowance - -
23 Dearness allowance - -
24 Incentive bonus (KPI) 578,047 29,190 607,237 201,125 201,125
25 Washing allowance 120,580 120,580 116,200 116,200
26 Shift allowance 1,610,829 448,233 2,059,062 1,626,633 403,457 2,030,090
27 Power house allowance 8,227,892 3,150,362 11,378,254 8,104,252 3,038,315 11,142,567
28 Overtime 3,997,682 3,997,682 4,031,972 4,031,972
- -
Total 76,759,500 35,377,491 411,676 112,548,667 75,935,727 33,401,698 381,416 109,718,841
H-2: Haripur 412 MW CCPP
FY 2019-20 FY 2018-2019
Officers Staffs Daily staffs Total Officers Staffs Daily staffs Total
1 Basic salary 38,853,894 16,587,113 55,441,007 39,023,797 15,699,800 331,357 55,054,954
2 Daily basis salary 331,357 331,357 -
7 Festival bonus 6,384,230 2,770,550 27,690 9,182,470 6,409,660 2,613,560 27,690 9,050,910
8 Charge allowance 101,135 101,135 95,000 95,000
10 Bengali new year allowance 628,946 273,802 2,769 905,517 633,430 264,020 2,769 900,219
11 Electricity allowance 766,737 698,309 1,465,046 790,386 703,873 - 1,494,259
12 Leave encashment 1,451,018 1,201,745 2,652,763 2,943,555 1,449,572 - 4,393,127
13 Entertainment allowance 87,000 87,000 - - -
14 Honorarium to officers/staff - 1,082,239 649,320 - 1,731,559
15 Gas bill - residential - - - -
16 Telephone bill-residential - 2,007 - - 2,007
17 Sweeper allowance - - - - -
18 Water & sanitation allowance - - - - -
19 Servant allowance - - - - -
20 Medical reimbursement 3,327,312 3,327,312 3,188,861 - - 3,188,861
21 Recreation allowance - - - - -
22 Security allowance - - - - -
23 Dearness allowance - - - - -
24 Incentive bonus (KPI) 112,530 27,690 140,220 126,880 26,920 - 153,800
25 Washing allowance 162,832 162,832 160,400 - 160,400
26 Shift allowance 2,724,168 783,904 3,508,072 2,553,746 724,318 - 3,278,064
27 Power house allowance 9,538,980 4,109,807 13,648,787 9,593,765 3,954,769 - 13,548,534
28 Overtime 4,888,412 4,888,412 5,136,861 - 5,136,861
- -
Total 89,802,509 45,652,533 389,506 135,844,548 92,539,716 45,413,933 361,816 138,315,465
121
ANNUAL REPORT 2020
H-3: Siddhirganj 335 MW CCPP
FY 2019-20 FY 2018-2019
1 Basic salary 34,426,226 9,460,381 43,886,607 28,973,472 7,075,393 143,031 36,191,896
5 Medical allowance 720,846 1,054,898 1,775,744 413,388 787,095 1,200,483
7 Festival bonus 5,468,290 1,447,430 29,190 6,944,910 4,854,100 1,150,140 14,595 6,018,835
8 Charge allowance - 60,000 60,000
9 CPF from employer 3,881,076 3,881,076 3,637,217 3,637,217
10 Bengali new year allowance 763,127 763,127 473,918 124,207 598,125
11 Electricity allowance 692,546 417,173 1,109,719 602,830 321,961 924,791
12 Leave encashment 1,720,502 430,724 2,151,226 1,907,719 604,864 2,512,583
13 Entertainment allowance - - - -
14 Honorarium to officers - 285,259 285,259
16 Telephone bill-residential - -
21 Recreation allowance - -
23 Dearness allowance - -
24 Incentive bonus (KPI) 56,135 29,190 85,325 - -
26 Shift allowance 2,330,689 367,631 2,698,320 1,973,685 220,183 2,193,868
27 Power house allowance 8,589,792 2,357,598 10,947,390 8,093,789 2,006,710 10,100,499
28 Overtime 3,688,042 3,688,042 2,203,436 2,203,436
- -
Total 80,687,716 25,394,679 376,551 106,458,946 69,761,179 19,164,130 157,626 89,082,935
H-4: Corporate office
FY 2019-20 FY 2018-2019
1 Basic salary 48,338,158 12,428,281 60,766,439 42,109,429 11,390,086 223,965 53,723,480
7 Festival bonus 7,917,490 2,055,840 28,350 10,001,680 6,916,770 1,876,200 28,350 8,821,320
8 Charge allowance 24,107 24,107 90,466 60,000 150,466
10 Bengali new year allowance 819,322 207,758 1,796 1,028,876 710,214 195,642 2,835 908,691
11 Electricity allowance 858,561 491,381 1,349,942 756,505 466,044 1,222,549
12 Honorarium to officers/staff 97,175 21,095 118,270 311,400 27,040 338,440
13 Leave encashment 3,385,459 1,051,338 4,436,797 8,638,861 816,841 9,455,702
14 Entertainment allowance 240,000 240,000 216,811 216,811
15 Residential Telephone Bill 33,600 33,600 -
17 Mobile allowance 18,000 18,000 45,800 45,800
22 Recreation allowance - 66,120 66,120
24 Vehicle maintenance allow. 300,000 300,000 300,000 300,000
25 Incentive bonus (KPI) 728,170 28,350 756,520 -
27 Overtime 3,195,832 3,195,832 3,655,019 3,655,019
28 Compensation allowance 53,760 53,760 51,672 51,672
- -
Total 102,277,728 31,517,621 264,506 134,059,855 94,913,665 29,657,640 255,150 124,826,455
122

EGCB AnnualReport2019-20

Uploaded by

Copyright:

Available Formats

EGCB AnnualReport2019-20

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

EGCB AnnualReport2019-20

Uploaded by

Copyright:

Available Formats

ANNUAL REPORT 2020

mg¯Í miKvix Kg©Pvix‡KB Avwg Aby‡iva Kwi,

Mix‡ei Dci AZ¨vPvi Ki‡j

mvZ †KvwU evOvwji fv‡jvevmvi Kv½vj Avwg|

22nd AGM, FY 2018-2019

Electricity Generation Company of Bangladesh Limited

No. 27.27.2666.108.06.001.2136 Date: 02-12-2020

Notice of The 23rd Annual General Meeting

By order of the Board

Kazi Nazrul Islam

I wish every success of 23rd Annual General Meeting of EGCB.

Engr. Sheikh Faezul Amin

Arun Kumar Saha

Legal Advisor/retainer Sheikh & Chowdhury

Abul Khayer Md. Aminur Rahman Arun Kumar Saha

Md. Zakir Hossain

B) Procurement and Technical Committee

C) Budget and Audit Committee

D) Legal and Governance Committee

Names of Chairman and Managing Directors

Arun Kumar Saha

Md. Matiul Islam

Md. Nazmul Alam

Kazi Nazrul Islam

Power Plants of EGCB Ltd.

1 Name of the Power Plant Siddhirganj 2x120 MW Peaking Power Plant

1 Generation Capacity 210 MW (Net)

Monthly Gross Generation of Siddhirganj 2x120 MW Peaking Power Plant

Months 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020

Gross Generation of Siddhirganj 2x120 MW PPP

2015-2016 2016-2017 2017-2018 2018-19 2019-20

Operational Ratios (FY 2019-2020)

2) Haripur 412 MW Combined Cycle Power Plant

Clarifier of Water Treatment Plant Control Room

1 Generation capacity 409 MW (Net)

Monthly Gross Generation of Haripur 412 MW CCPP

Months 2015-16 2016-17 2017-18 2018-19 2019-20

Monthly Gross Generation of Haripur 412 MW CCPP in MkWh

Gross Generation of Haripur 412 MW CCPP

2015-16 2016-17 2017-18 2018-19 2019-20

Operational Ratios (FY 2019-2020)

3. Siddhirganj 335 MW Combined Cycle Power Plant

2 Address / Location of Power Plant Siddhirganj, Narayanganj

3 Plant Cost 39,712.919 Million Taka

4 Financed by World Bank, GOB and EGCB Ltd.

5 Total Loan Amount USD total 403.60 Million from WB:

11 Implementation Period January 2009 to June 2020

12 COD Simple Cycle: 01 May 2018

13 EPC Contract Price USD 327.94 Million (approx.)

14 Land Area of the Plant 9.24 Acres (Siddhirganj, Narayanganj)

Sl. Item Description

1 Generation Capacity 335 MW (Net)

Monthly Gross Generation of Siddhirganj 335 MW Combined

Months 2017-2018 2018-2019 2019-2020

Gross Generation of Siddhirganj 335 MW CCPP

Operational Ratios (FY 2019-2020)

Projects of EGCB Ltd.

Period 01 July 2019 to 30 June 2021 (As per approved DPP)

DPP DPP approved by ECNEC on 07 November 2018