Energypac Power Generation

What Energypac Power Generation does

Energypac Power Generation PLC (DSE:EPGL) is a Bangladeshi power engineering and diversified industrial company founded in 1982 and formally incorporated in 1995, headquartered in Dhaka with manufacturing and service operations across Gazipur (52-bigha Energypac Industrial Park housing JAC vehicle assembly, GLAD generator assembly and SteelPac manufacturing), Savar (transformer and switchgear factory under Energypac Engineering Ltd.), Khulna (G-Gas LPG mother plant), Rupganj (G-Gas Satellite Plant 101), Bogura and Chittagong (108 MW IPP operational since 2014). The company is publicly listed on the Dhaka and Chittagong Stock Exchanges since 2021.

The business spans five primary verticals: power generation equipment (GLAD diesel generators, FG Wilson and Perkins gensets, Guascor/Siemens Energy gas engines, marine engines); power transmission and distribution equipment (transformers including the first 132kV and 230kV HV instrument transformers and first foil type distribution transformer manufactured in Bangladesh, switchgear, substations up to 132/33kV and 33/11kV with SCADA); commercial automotive and construction machinery (sole-distributor of JAC Motors, JCB, Heli forklifts, Shacman, Ankai and Miura); LPG via the wholly-owned G-Gas subsidiary (import, storage, bottling, nationwide distribution); and industrial steel construction through wholly-owned Steelpac. Service offerings include power and machine rental, after-sales spares and service, and EPC/turnkey project delivery. In 2022, the company also established the country's first generator testing lab.

The revenue model is a hybrid of one-time equipment sales and EPC contracts, channel/distribution margins on agency brands, hardware sales (LPG cylinders, transformers, switchgear), professional services (SteelPac EPC), and managed services (power and machine rental). Go-to-market combines direct enterprise field sales for large public-sector and industrial EPC projects with an authorized dealer/service-center network across Bangladesh and exports of transformers to India and Nepal. Pricing is enterprise project-based, varies by scope and contract term, and is not publicly disclosed. The company reports ISO 9001:2015 certification, four consecutive Gold National Export Trophies (FY2016-17 through 2019-20), the President's Industrial Development Award 2018, and four-time Superbrands recognition (2010, 2018, 2023-24, 2025-26).

Name

Energypac Power Generation

Legal name

Energypac Power Generation PLC

Website

https://energypac.com

Company type

Public

Founded year

1982

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Energypac Power Generation PLC is a Bangladeshi listed power engineering company (DSE:EPGL) that manufactures and distributes diesel/gas generators, HV transformers and switchgear, distributes JAC/JCB/Heli industrial vehicles, and operates the G-Gas LPG and Steelpac steel-construction businesses for industrial, utility, government and consumer customers across Bangladesh and exports to India and Nepal.

Ownership category

akta.pro rank

Product category

Power Generation Equipment and Power Engineering

NAICS

Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Motors & Generators (3621), Switchgear & Switchboard Apparatus (3613), Electric Services (4911), Cogeneration Services & Small Power Producers (4991), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Engine Generator & Microgrid Power Plant EPC (Diesel/Gas Recip) (EUAEAAAJ)

akta.pro secondary industries

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Transmission Interconnection & Line Works (Gen-Tie Lines, Overhead/Underground Lines) (EUAMAFAF)

Keywords

• Power engineering solutions
• Diesel gas generators
• Power transmission equipment
• EPC turnkey solutions
• Commercial vehicles distribution

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Power Generation Equipment Sales and EPC: Sale of diesel and gas generators, power engineering EPC contracts, and turnkey solutions for public and private sector clients.
2. Distribution of International Brands: Distribution and sales of commercial vehicles (JAC), construction machinery (JCB, Heli), diesel generators (Perkins, FG Wilson), and industrial equipment with after-sales service.
3. LPG Business (G-Gas): LPG Import, Storage and Bottling operations, nationwide distribution through subsidiary G-Gas.
4. Steel Construction (SteelPac): Complete steel construction solutions including engineering, procurement, manufacturing and erection of steel structures.
5. Rental Services: Power rental and machine rental services for temporary power and equipment needs.
6. Power Transmission and Distribution Equipment: Manufacturing and sale of transformers, switchgear, substations, and related T&D equipment.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels8 records

Core offering

Energypac Power Generation PLC is a diversified power engineering company in Bangladesh that designs, manufactures, distributes, and services power generation equipment (diesel and gas generators under brands such as GLAD, FG Wilson, Perkins, and Guascor), power transmission and distribution equipment (transformers, switchgear, substations), commercial vehicles and construction machinery (as sole distributor for JAC, JCB, Heli, Shacman, Ankai), LPG storage and bottling (G-Gas), and industrial steel construction (STEELPAC). The company delivers EPC turnkey solutions, rental services, and after-sales support across Bangladesh with selected exports to India and Nepal.

Product overview

Energypac Power Generation PLC operates as a diversified power engineering company offering an integrated portfolio of products and services. The core business encompasses power generation (diesel and gas generators under brands like Glad, FG Wilson, Perkins, and Guascor), commercial automotive (JAC vehicles, Shacman trucks, Ankai buses), construction machinery (JCB equipment and Heli forklifts), energy solutions (G-Gas LPG, CNG refueling), industrial building (STEELPAC steel construction), and elevator systems (LiftsAll). The company also provides rental services, spares and maintenance, and operates the Energypac Industrial Park for local assembly. Products are distributed through authorized dealer networks across Bangladesh, with partnerships with international manufacturers including Siemens Energy, Nidec, and Miura.

Differentiator

Problem solved

Functional benefit

Brands

• G-Gas: LPG Cylinder Manufacturing, Bottling and Distribution brand under Energypac
• Steelpac
• GLAD
• LiftsAll
• Dishari LED Bulb

Products and services

• Glad Diesel Generator

Quantifiable outcome

• 108 MW power plant operational since 2014
• +2 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

17 partnerships are on record, tiered core, minor and strategic.

• AltaFuel LimitedcoreStrategic or Co-development Partner · 13 January 2022Energypac Marine Team signed contract with AltaFuel Ltd. for supplying Marine-type Main Engine, Auxiliary Engine, Propulsion Engines with Gearboxes, and Marine Generators for 20-inch Cutter Suction Dredger and Workboat.
• Glocal Learning Management Ltd (e-School of Life)minorStrategic or Co-development Partner · 1 December 2021Strategic partnership for online education, training, and skills development. MoU signed for developing state-of-the-art learning management system. Launched 'Energetic Academy' with online training courses.
• Nidec Industrial Automation India Private Ltd.coreChannel Partner/ Reseller/ Distributor · 11 October 2021Energypac Power Generation PLC is the authorized distributor of Nidec (Leroy-Somer) alternators in Bangladesh, offering spares, after-sales support, and warranties for medium and high-voltage alternators (20 kVA to 4 MVA).
• Siemens EnergycoreChannel Partner/ Reseller/ Distributor · 1 January 2021Energypac is the sole distributor of Siemens Energy Gas Engines and Aftermarket Care in Bangladesh. Conducted virtual client meetings for users of Siemens (including former Guascor) Gas Engines.
• Sojitz Corporation (Japan)strategicStrategic or Co-development Partner · 1 January 2019Signed MoU with Sojitz Corporation, Japan along with BEZA for development of energy, infrastructure & industrial park at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsarai, Chittagong.
• BEZA (Bangladesh Economic Zones Authority)strategicStrategic or Co-development Partner · 1 January 2019MoU signed for development of energy, infrastructure & industrial park at Bangabandhu Sheikh Mujib Shilpa Nagar, Mirsarai, Chittagong.
• JAC Motors (China)coreChannel Partner/ Reseller/ Distributor · 1 January 2015Partnership since 2015 for assembly and distribution of JAC commercial vehicles in Bangladesh. EPGPLC is the sole distributor and assembler of JAC Motors products including light & medium duty vehicles and double cabin pickups. Participates in annual JAC Global Partners Conference with 600+ global partners.
• JCB (UK)coreChannel Partner/ Reseller/ DistributorSole-distributor and service provider for JCB construction machinery and earth moving equipment including backhoe loaders, soil compactors, wheeled loaders, and excavators.
• Heli (China)coreChannel Partner/ Reseller/ DistributorSole-distributor for Heli forklifts and material handling equipment for smooth material handling operations.
• Perkins (UK)coreChannel Partner/ Reseller/ DistributorAuthorized distributor for Perkins diesel generators in Bangladesh.
• FG Wilson (UK)coreChannel Partner/ Reseller/ DistributorAuthorized distributor for FG Wilson diesel generators in Bangladesh.
• Guascor (Spain)coreChannel Partner/ Reseller/ DistributorDistributor for Guascor gas generators (now part of Siemens Energy).
• Shacman (China)minorChannel Partner/ Reseller/ DistributorDistributor for Shacman commercial vehicles in Bangladesh.
• Ankai (China)minorChannel Partner/ Reseller/ DistributorDistributor for Ankai commercial vehicles in Bangladesh.
• Miura (Japan)minorChannel Partner/ Reseller/ DistributorDistributor for Miura boilers in Bangladesh.
• Woodward (USA)minorChannel Partner/ Reseller/ DistributorDistributor for Woodward industrial control systems and products.
• Engr. Khaleda Shahriar KabirminorOthersTesting lab named after first female engineer of Bangladesh, Engr. Khaleda Shahriar Kabir, recognizing her pioneering contribution to the engineering profession.

Scale indicators7 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• KEC International: Indian power T&D EPC and equipment manufacturer. Mirrors Energypac's transmission-line, substation, and power-engineering EPC business, and operates in a closely comparable emerging South Asian market with similar customers.
• Jakson Group: Indian integrated power-solutions company covering gensets, solar EPC, T&D and switchgear. Very similar diversified power-engineering platform to Energypac, and a relevant cross-border comparable in South Asia.
• Wärtsilä: Manufacturer of engines for marine and power-plant applications, including gas and HFO units. Energypac's Yuchai marine engine offering and 108 MW HFO IPP echo Wärtsilä's engine-driven power-plant model.
• Aksa Power Generation: Turkish diesel and gas generator manufacturer with strong emerging-market distribution. Direct competitor in the mid-range (hundreds of kVA to multi-MVA) genset segment Energypac serves in Bangladesh.
• Sterling and Wilson: EPC contractor for power generation and T&D projects. Comparable to Energypac Engineering on turnkey substation and power-plant delivery, including IPP execution and EPC project scaling.
• Cummins Inc. Global leader in diesel and gas generator sets. Energypac markets Perkins and FG Wilson diesels and assembles its own GLAD gensets in the same product category Cummins dominates worldwide, making it the most direct international comparable.

Broad incumbents

• Caterpillar: Global heavy equipment and engine OEM. Energypac represents Perkins/FG Wilson engines and distributes JCB construction machinery into similar end markets, and competes indirectly for diesel power-engine customers.
• ABB: Global incumbent in power T&D equipment, switchgear, and transformers. Energypac directly competes with ABB in Bangladesh's HV transformer and substation markets, while being several orders of magnitude smaller.
• Siemens Energy: Global OEM of gas engines (including former Guascor) and T&D equipment. Energypac is its authorized distributor in Bangladesh and also a customer of its technology, making it both a partner and a benchmark.
• Schneider Electric: Global electrical equipment, switchgear, and T&D automation incumbent. Competes with Energypac in MV/LV switchgear and substation solutions across Bangladesh and broader emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/Energypac
• YouTubeyoutube.com/user/energypacltd
• Facebookfacebook.com/EnergypacZone
• LinkedInlinkedin.com/company/energypaccorporate

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Energypac Power Generation