As part of the government’s plan to bring all citizen of Bangladesh under the electricity network, state-owned Rural Power Company Limited (RPCL) and Chinese state-owned company NORINCO International Cooperation Limited (NORINCO) would jointly install a 1320 MW Coal Fired Thermal Power Plant in the region of Payra seaport at Patuakhali. To implement the project, A joint Venture Company “RPCL-NORINCO Intl. Power Limited (RNPL)” was formed and registered with the Registrar of Joint Stock Companies and firms, Bangladesh on 21st December, 2017 with 50:50 partnership. The power plant will be two unit (2x660), having a total capacity of 1320 MW financed by EXIM Bank China along with Bank of China. Sovereign Guarantee was obtained from the Finance Division of the Government of Bangladesh for 50% of the project cost of RPCL portion.
