“The legal infrastructure for setting up the company under the Power Division is being prepared, and it will be registered with the Registrar of Joint Stock Companies and Firms,” he told the Dhaka Tribune. He further said they company would likely be named Hydropower Generation Company Limited and will look to import electricity from hydropower plants in high-altitude countries such as Nepal and Bhutan. The Indian high commissioner earlier invited the state minister on behalf of the Energy and Power Ministry of India to a visit to the country on October 3-5. The government is also planning to form a company to conduct the operations and maintenance of public and private power plants and the activation of two new distribution companies – South Zone Power Distribution Company Limited and North West Zone Power Distribution Company Limited, sources at the Power Division told the Dhaka Tribune. A new distribution company named Central Zone Power Distribution Company will also be formed, while the 740MW Ghorasal power plant will be transformed into a corporation, they added.

Source: Dhaka Tribune September 08, 2016 18:45 UTC