Baraka Patenga Power will invest Tk 144 crore in two subsidiaries

Sunbd Desk || Published: 2021-02-08 12:30:36 || Updated: 2021-02-08 12:31:10

Baraka Power was registered in the power sector in 2007. They started their journey by setting up a 51 MW power plant at Fenchuganj in Sylhet. Following this, Baraka Patenga Power has been generating and supplying electricity to Chittagong in 2014 after obtaining permission from the Bangladesh Power Development Board to set up a 50 MW Furnace Oil based power plant in Chittagong through a tender.

Baraka Patenga Power Limited will invest Tk 144.34 crore in its subsidiaries Karnafuli Power and Baraka Shikalbaha Power to further expand its position in power generation in the private sector and increase profits.

The stakeholders feel that the risk of the investors is less as one company is associated with the ownership of the other. Baraka Patenga Power Limited is a subsidiary of Baraka Power Limited. Barna Patenga Power’s subsidiaries Karnafuli Power Limited and Baraka Shikalbaha Power Limited.

Sunbd/NJ

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