United Power Generation & Distribution Company Ltd. (UPGDCL), a concern of United Group, generates and sells electricity to BEPZA (DEPZ & CEPZ), BPDB, BREB, and private customers. The company operates eight power plants across the country with a total capacity of 895 MW and maintains long-term Power Purchase Agreements (PPAs) with its clients. UPGDCL started its journey as a commercial IPP (Independent Power Producer) serving Export Processing Zones (DEPZ and CEPZ), later expanding sales to BPDB...
The country’s power generation capacity has witnessed a boost in past decade riding on short-term costly projects, however, no significant progress yet observed in intermediate & long-term projects. The government provides attractive policy support for local and foreign investment in power sector including long term tax exemptions, easy capital gain and dividend repatriation, duty free machineries import etc. The government has been subsidizing power sector for years. The government provided...
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