Power Grid Co of Bangladesh

What Power Grid Co of Bangladesh does

Power Grid Bangladesh PLC (PGCB) is the state-designated national electricity transmission system operator for Bangladesh, incorporated in 1996 and headquartered in Dhaka. It plans, operates, and maintains the high-voltage grid — 132 kV, 230 kV, and 400 kV transmission lines — together with GIS substations, an OPGW fiber backbone, and the National Load Dispatch Center (NLDC). Technology assets include SCADA/EMS systems for grid operations, FGMO (Free Governor Mode of Operation) deployed across 30 power plants for primary frequency control, and AGC (Automatic Generation Control) recently connected to 12 power plants as secondary frequency control, with the stated objective of enabling safe integration of the Rooppur Nuclear Power Plant. The company is also building grid interconnection for utility-scale solar projects aligned with Bangladesh's 10,000 MW solar-by-2030 target.

PGCB serves only government-owned counterparties: BPDB as the bulk purchaser, distribution companies (DPDC, DESCO, WZPDCL), and the Rural Electrification Board (REB). It earns revenue through BERC-regulated transmission wheeling charges (tariffs published in 2020 and 2024) and has historically received government equity injections — most recently converted into Tk 8,043.26 crore of shares in 2023/2024 — to finance development projects. It does not sell to end consumers, runs no consumer-facing marketing, and operates entirely through regulated grid-connection agreements.

Ownership sits with Bangladesh Power Development Board (58.5%), Government of Bangladesh directly (22%), and general public shareholders (19.5%), making PGCB a publicly listed but state-controlled entity. Operations are capital-intensive: major projects include the Tk 86.52 billion Rooppur Nuclear Power Plant transmission evacuation (partially funded by a Tk 60 billion Indian line of credit), the Tk 2,193 crore Jamuna River crossing 400 kV line, and the ADB-supported Southwest Transmission Grid Expansion. The company is currently loss-making, posting a Tk 210.62 crore post-tax loss for FY2024-25 due to foreign-exchange losses on foreign-currency loans, and has suspended dividends.

Name

Power Grid Co of Bangladesh

Legal name

Power Grid Bangladesh PLC

Website

https://pgcb.gov.bd

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Power Grid Bangladesh PLC is the state-designated national electricity transmission system operator for Bangladesh, owning and operating the 132/230/400 kV grid, GIS substations, and the National Load Dispatch Center that serve government distribution utilities BPDB, DPDC, DESCO, WZPDCL, and REB under BERC-regulated wheeling charges.

Ownership category

akta.pro rank

Product category

Electricity Transmission Services

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Bulk Power Transmission and Control (221121), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

System Operations & Control Centers (EMS/SCADA for Transmission) (EUADAAAG)

akta.pro secondary industries

HVAC Transmission Lines (EHV/UHV Overhead & Underground) (EUADAAAD), Grid Interconnection & Collector Substation EPC (Utility-Scale Renewables) (EUAEABAK), Transmission Maintenance, Inspection & Condition Monitoring (Live-Line, Drones, Sensors) (EUADAAAM)

Keywords

• Electricity transmission services
• High-voltage grid operations
• National load dispatch
• Grid substations
• Power transmission infrastructure

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transmission Wheeling Charges (হুইলিং চার্জ): Charges collected from power generators and distribution companies for use of the national transmission grid. Regulated by Bangladesh Energy Regulatory Commission (BERC). Rates updated periodically (2020, 2024 tariffs published).
2. Government Equity and Share Issuance: Government equity investments in development projects converted to share capital. Issued shares worth Tk 8,043.26 crore against equity contributions from inception to 2021-22 fiscal year.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Power Grid Bangladesh PLC operates and maintains Bangladesh's national high-voltage electricity transmission network spanning 400kV, 230kV, and 132kV systems, including grid substations, river-crossing transmission lines, and the National Load Dispatch Center (NLDC). The company provides bulk power transmission services to government-owned distribution utilities (DPDC, DESCO, WZPDCL, REB, BPDB) under regulated wheeling charges approved by the Bangladesh Energy Regulatory Commission (BERC). It also operates supporting digital systems for grid monitoring, generation scheduling, equipment condition monitoring, and internal administration.

Product overview

Power Grid Bangladesh PLC operates as Bangladesh's national electricity transmission utility, providing power transmission services through a network of high-voltage transmission lines and grid substations. The company's digital portfolio includes both operational technology (grid control systems like FGMO and AGC for frequency stability) and administrative digital services. The core offerings include HRMS, E-Auction, CBM software, Performance Management Systems (e-PUB/e-PAF), CPF processing, Digital Phonebook, and the Grid Operation Information System. Most services are accessible through the company's domain infrastructure (erp.powergrid.gov.bd, hrms.powergrid.gov.bd, ois.pgcb.gov.bd) and are primarily internal government tools rather than commercial products.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Transmission Services Electricity transmission through high-voltage transmission lines and grid substations across Bangladesh, operating the national grid infrastructure for bulk power transfer from generation plants to distribution utilities.
• FGMO (Free Governor Mode of Operation) Primary frequency control system for power plants that automatically adjusts generation output to maintain national grid frequency stability.
• AGC (Automatic Generation Control) Secondary frequency control system that works alongside FGMO to maintain national grid frequency stability through automatic generation adjustment across 12 connected power plants.
• Grid Operation Information System (OIS) Digital system for managing national grid substation operation information, enabling rapid reporting and reducing human error in grid operations.
• Special Protection Scheme (SPS)

Quantifiable outcome

• Grid frequency stability improved through AGC integration with 12 power plants
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Bangladesh Energy Regulatory Commission (BERC)coreOthers · 14 June 2026Regulatory body that approves transmission wheeling charges and oversees tariff structures.
• Bangladesh Power Development Board (BPB)coreStrategic or Co-development Partner · 21 April 2026BPB acts as contracting authority for utility-scale solar PPP projects on public land. Power Grid is key stakeholder for grid interconnection.
• Transrail Lighting LtdminorImplementation/ SI/ Consulting Partner · 13 September 2023Indian company partnered with ITD Cementation India Ltd in joint venture for Jamuna river crossing 400kV transmission line construction.
• ITD Cementation India LtdminorImplementation/ SI/ Consulting Partner · 13 September 2023Indian construction company in joint venture with Transrail Lighting for Jamuna river crossing 400kV transmission line.
• Shanghai Electric Power Transmission and Distribution Engineering Co Ltd (SPTDE)minorImplementation/ SI/ Consulting Partner · 24 May 2023Turnkey contractor for Volagarh 230/33 kV GIS grid substation construction. JV partner with River Power and Automation Engineering Ltd.
• River Power and Automation Engineering LtdminorImplementation/ SI/ Consulting Partner · 24 May 2023Joint venture partner with SPTDE for Volagarh substation construction. Bangladesh-based engineering company.
• CNTIC (China National Technical Import & Export Corporation)minorImplementation/ SI/ Consulting Partner · 1 March 2022Chinese JV partner with SEC for Khulna/Chittagong region grid substation construction including 400/230/132kV indoor GIS at Kererhat and capacity upgrade at Mirsarai.
• SEC (Shanghai Electric Company)minorImplementation/ SI/ Consulting Partner · 1 March 2022Chinese JV partner with CNTIC for Khulna/Chittagong region grid infrastructure development.
• CMEC (China Machinery Engineering Corporation)minorImplementation/ SI/ Consulting Partner · 1 March 2022Chinese JV partner with CNEEC for Khulna/Chittagong grid substation construction including Rupsha, Meherpur, Maheshpur, Fultola, Maniram stations.
• CNEEC (China National Electric Engineering Company)minorImplementation/ SI/ Consulting Partner · 1 March 2022Chinese JV partner with CMEC for Khulna/Chittagong grid infrastructure development.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• National Grid plc: UK-based regulated TSO operating high-voltage transmission networks and system balancing. Comparable TSO economics under regulated tariffs, though UK grid is materially larger and more mature.
• Saudi Electricity Company: Vertically-integrated Middle East utility with dominant transmission position; offers comparable scale, government ownership, and renewable-integration investment pipeline to PGCB.
• State Grid Corporation of China: World's largest TSO operating the entire Chinese ultra-high-voltage network. Functionally a parent class of utility for global TSO comparison, not a direct competitor.
• TenneT Holding: Dutch/German TSO with similar regulated asset-base model and offshore HVDC build-out. Comparable in regulatory economics and transmission EPC execution, though European context differs.

Regional players

• Electricity Generating Authority of Thailand (EGAT): Thailand's state-owned transmission and generation utility across 500/230/115 kV. Comparable Asian TSO with national grid monopoly and adjacent generation.
• PT PLN (Persero): Indonesia's state-owned electricity monopoly with transmission system operator role across the archipelago. Comparable emerging-market utility with grid reliability build-out focus.
• Vietnam Electricity (EVN): State-owned vertically-integrated Vietnamese power utility operating transmission alongside generation and distribution. Comparable scale, state ownership structure, and rapid demand growth context.

Direct peers

• Ceylon Electricity Board: Sri Lanka's state-owned power utility with transmission system operator role across 132/220 kV. Comparable scale, regulatory structure, and rural load-shedding challenges mirror PGCB's operating environment.
• Nepal Electricity Authority: State-owned vertically-integrated utility of Nepal operating transmission and substation infrastructure across the national grid. Comparable as a South Asian government transmission monopoly facing similar FX, regulatory, and cross-border interconnection dynamics.
• PowerGrid Corporation of India: India's central transmission utility operating the national EHV grid (765/400/220 kV). Closest comparable: both are government-designated TSOs in South Asia running NLDC-equivalent control centers and similar wheeling/regulatory models.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/pgb.gov.bd

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Power Grid Co of Bangladesh