RPCL-NORINCO Intl. Power

What RPCL-NORINCO Intl. Power does

RPCL-NORINCO Intl. Power Limited (RNPL) is a private limited joint venture company incorporated in Bangladesh on 21 December 2017 as a 50:50 partnership between state-owned Rural Power Company Limited (RPCL) of Bangladesh and NORINCO International Cooperation Limited (NORINCO) of China. The company's sole purpose is to develop, construct, own, and operate a 1,320 MW (2x660 MW) ultra-supercritical coal-fired thermal power plant at Kalapara, Patuakhali, near the Payra seaport on Bangladesh's southern coast. The plant sits on 915.74 acres of acquired land (with 500 acres leased long-term and 30 acres allocated to resettlement of 281 affected families). Auxiliary infrastructure includes a dedicated coal-handling jetty with conveyor and transfer tower systems, limestone and water treatment facilities, closed-cycle cooling towers, a 400 kV GIS substation, and a 400 kV transmission tie-line evacuating power to the national grid at the Amtoli Switching station. The plant consumes approximately 4 million tons of coal annually, sourced from Indonesia and Australia, and integrates pollution-control equipment including Low NOx Burners, Electrostatic Precipitators, and Flue Gas Desulfurization.

RNPL's revenue model is a single-channel B2B long-term contract structure. All electricity generated by the 1,320 MW facility is sold to Bangladesh Power Development Board (BPDB) under a Power Purchase Agreement (PPA) and Implementation Agreement (IA), making BPDB the sole off-taker. The 50:50 ownership is mirrored by a 70:30 debt-to-equity financing structure, with debt provided jointly by EXIM Bank China and Bank of China against the USD 2.54 billion total project cost, and a sovereign guarantee from the Government of Bangladesh's Finance Division covering 50% of RPCL's portion of project cost. The company has authorized capital of BDT 70.0 billion and paid-up capital of BDT 52.88 billion. As of late 2025, RNPL is in the trial-to-initial-operation phase: Unit 1 commenced trial generation in January 2025, Unit 2 in April 2025, Initial Operation Date was completed in September 2025, and Commercial Operation Date is targeted for April 2026. Leadership comprises Managing Director A.H.M Rashed, Executive Director Sun Rui (representing NORINCO), Project Director Md. Towfique Islam, and functional General Managers for Accounts & Finance, HR & Admin, supported by a Company Secretary.

Name

RPCL-NORINCO Intl. Power

Legal name

RPCL-NORINCO International Power Limited

Website

https://rnpl.com.bd

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

RPCL-NORINCO Intl. Power Limited (RNPL) is a 50:50 Bangladesh-China joint venture that develops, owns, and operates a 1,320 MW ultra-supercritical coal-fired power plant at Patuakhali, Bangladesh, selling its entire output to Bangladesh Power Development Board under a long-term PPA.

Ownership category

akta.pro rank

Product category

Coal-Fired Thermal Power Generation

NAICS

Electric Power Generation (22111)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Supercritical & Ultra-Supercritical Coal Power Plants (EUACAAAB)

akta.pro secondary industry

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

Keywords

• Coal-fired power generation
• Thermal power plant
• Power purchase agreement
• Ultra-supercritical technology
• Baseload power supply

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Sales to BPDB: RNPL generates electricity through its 1320 MW coal-fired thermal power plant and sells all output to Bangladesh Power Development Board (BPDB) under a long-term Power Purchase Agreement (PPA). Revenue is generated from the sale of electricity at rates negotiated in the PPA.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

RNPL develops, owns and operates a 1,320 MW (2x660 MW) ultra-supercritical coal-fired thermal power plant at Kalapara, Patuakhali near Payra seaport, Bangladesh, using imported coal from Indonesia and Australia. All electricity generated is sold to the Bangladesh Power Development Board under a long-term Power Purchase Agreement, with power evacuated to the national grid via a 400 kV transmission line to the Amtoli Switching station.

Product overview

RPCL-NORINCO Intl. Power Limited operates a single core product: the 1320 MW Coal-Fired Thermal Power Plant located at Patuakhali, Bangladesh. The plant consists of two 660 MW generating units utilizing ultra-supercritical technology. The power plant is supported by auxiliary facilities including a coal handling jetty, limestone handling, water treatment systems, cooling towers, and a 400 kV GIS substation for grid connection. The Bangladesh Power Development Board (BPDB) is the primary off-taker purchasing all generated electricity.

Differentiator

Problem solved

Functional benefit

Products and services

• 1320 MW Coal-Fired Thermal Power Plant A 1,320 MW (2x660 MW) coal-fired thermal power plant located at Kalapara, Patuakhali near Payra seaport in Bangladesh, using ultra-supercritical technology and imported coal from Indonesia and Australia, with all electricity output sold to the Bangladesh Power Development Board under a long-term Power Purchase Agreement and evacuated to the national grid via a 400 kV transmission line to the Amtoli Switching station.

Quantifiable outcome

• 1,320 MW of installed generation capacity
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Four partnerships are on record, tiered core.

• Rural Power Company Limited (RPCL)coreStrategic or Co-development Partner · 21 December 2017State-owned Bangladesh power generation company holding 50% equity stake in RNPL. RPCL selected the project site following feasibility study and environmental impact assessment. Provides operational oversight and is responsible for overall management of RPCL's power generation portfolio.
• NORINCO International Cooperation LimitedcoreStrategic or Co-development Partner · 21 December 2017Chinese state-owned company holding 50% equity stake in RNPL. Provides international engineering expertise and project management capabilities. NORINCO has extensive experience in international engineering projects including coal-fired power plants.
• Bangladesh Power Development Board (BPDB)coreStrategic or Co-development PartnerGovernment-owned electricity utility. Primary off-taker purchasing all electricity generation from RNPL under Power Purchase Agreement (PPA) and Implementation Agreement (IA). Power evacuation to national grid via 400 kV transmission.
• Consortium of TEPC-CHEC-CWECcoreTechnology or IntegrationEngineering, Procurement, and Construction (EPC) contractor consortium for the power plant. Responsible for design, construction, and commissioning of the 1320 MW coal-fired thermal power plant.

Scale indicators10 records

Recent moves7 records

Expansion highlights3 records

Emerging players

• Electricity Generating Public Company Limited (EGCO): Thai-listed IPP with independent power producer operations across Thailand and Southeast Asia. Comparable IPP business model with utility offtake and overseas coal/gas exposure, though smaller and focused on Southeast Asia rather than South Asia.

Broad incumbents

• China Huadian Corporation: One of China's five major state-owned power generators with substantial coal-fired capacity and overseas generation investments. Comparable in coal-fired IPP expertise and Chinese SOE backing, though a much larger and diversified player.
• NTPC Limited: India's largest power generator and a state-owned utility with a mixed coal, gas, renewable, and nuclear portfolio. Overlaps with RNPL on coal-fired generation under government/utility PPAs at scale, but operates across a much broader portfolio.

Others

• China Energy Engineering Corporation (CEEC): China's largest state-owned power EPC contractor, comparable to the TEPC-CHEC-CWEC consortium that built RNPL's plant. Adjacent rather than directly competitive, but represents the engineering ecosystem behind RNPL's construction.

Direct peers

• Sembcorp Industries: Singapore-listed energy and urban development group with significant Bangladesh power generation assets (e.g., Sirajganj and Ashuganj plants) operating under long-term government PPAs. Highly comparable IPP model serving South Asian utility offtakers.
• Bangladesh-China Power Company Limited (BCPCL): Operates the adjacent Payra 1,320 MW (2x660 MW) ultra-supercritical coal-fired power plant at the same Patuakhali site, also a Bangladesh-China JV selling 100% output to BPDB under a PPA. Effectively RNPL's sister project and the most directly comparable peer.
• North-West Power Generation Company Limited (NWPGCL): Bangladesh state-owned IPP that develops and operates multiple large-scale power plants including coal and gas, with offtake to BPDB under PPAs. Directly comparable business model, customer base, and regulatory environment as RNPL.

Regional players

• Reliance Power Limited: Indian private-sector IPP with large coal-fired generation capacity operating under long-term PPAs. Comparable asset type (large-scale imported-coal thermal IPPs) but serving Indian state utilities rather than BPDB.
• Tata Power Company Limited: Indian integrated power company with coal-fired and renewable IPPs operating under long-term PPAs in India and overseas. Comparable utility-scale coal IPP operations, though primarily serving Indian state offtakers.
• Adani Power Limited: One of India's largest private coal-based IPPs with multi-gigawatt capacity under long-term PPAs with state utilities. Comparable scale, fuel source (imported coal), and utility offtake structure, though operating in India rather than Bangladesh.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/RNPL_1320
• Facebookfacebook.com/rnpl.com.bd
• LinkedInlinkedin.com/company/rpcl-norinco-intl-power-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 RPCL-NORINCO Intl. Power