Bangladesh-China Power Company Limited

What Bangladesh-China Power Company Limited does

Bangladesh-China Power Company Limited (BCPCL) is a privately held, 50:50 joint venture between Bangladesh's North-West Power Generation Company Limited (NWPGCL) and China National Machinery Import & Export Corporation (CMC), incorporated on October 1, 2014. The company's sole purpose is the development, ownership, and operation of the Payra 1320 MW Thermal Power Plant — Bangladesh's first ultra-supercritical coal-fired power plant — located at Dhankhali, Kalapara, Patuakhali. BCPCL sells 100% of generated electricity to the Bangladesh Power Development Board (BPDB) under a long-term Power Purchase Agreement, making it a pure-play independent power producer (IPP) with no distribution or retail exposure.

The core technology platform is ultra-supercritical coal-fired generation operating at 26.25 MPa / 600–610°C in Phase 1 and 27 MPa / 600–610°C in Phase 2, placing Bangladesh among the 13 countries globally that have deployed the technology. BCPCL's plant infrastructure includes Flue Gas Desulfurization (FGD) for SO2 control, 99% efficient Electrostatic Precipitators (ESP) for particulate removal, 400kV GIS substations for power evacuation, and a closed-circuit cooling water system. Phase 1 (2x660 MW) achieved commercial operation in May and December 2020 respectively, generating approximately 7.9 billion kWh annually and contributing roughly 4.12% of Bangladesh's daily electricity generation. Phase 2 (an additional 2x660 MW) is under construction at 21% physical progress.

The revenue model is a single-stream, government-counterparty recurring PPA structure priced by negotiated tariff (not publicly disclosed), with payments tied to BPDB. Project financing of USD 1.984 billion was secured from CEXIM Bank (Framework Agreement signed October 14, 2016; Project Financing deal signed May 3, 2018). The company is also developing the Payra-Gopalganj-Aminbazar 400kV Double Circuit Transmission Line (~256 km, COD expected June 2027) and operates the Bangladesh-China Technical Institute (BCTI) as a workforce development sub-brand. Operations are headquartered in Dhaka (UTC Building, Panthapath) with the plant at Patuakhali, and the company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.

Name

Bangladesh-China Power Company Limited

Legal name

Bangladesh-China Power Company Ltd.

Website

https://bcpcl.org.bd

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

101–250 employees

Short description

Bangladesh-China Power Company Limited (BCPCL) is a 50:50 state-backed joint venture between NWPGCL (Bangladesh) and CMC (China) that operates the Payra 1320 MW ultra-supercritical coal-fired power plant, selling all output to BPDB under a long-term PPA and currently expanding with a second 1,320 MW phase.

Ownership category

akta.pro rank

Product category

Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation, Transmission and Distribution (2211), Power and Communication Line and Related Structures Construction (237130)

SIC

Electric Services (4911), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Circulating Fluidized Bed (CFB) Coal Power Plants (EUACAAAD)

akta.pro secondary industries

Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE), Grid Interconnection & Power Evacuation Works (Switchyard, Transmission Tie-ins) (EUAKAAAL)

Keywords

• Coal-fired power generation
• Ultra-supercritical technology
• Thermal power plant
• Power transmission infrastructure
• Independent power producer

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sale: BCPCL generates electricity through its Payra 1320 MW Thermal Power Plant and sells the generated power to the Bangladesh Power Development Board (BPDB) under long-term power purchase agreements. The company operates as a bulk power producer in Bangladesh's national grid.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

BCPCL operates the Payra 1320 MW (2x660 MW) Ultra-Supercritical coal-fired thermal power plant in Patuakhali, Bangladesh, generating approximately 7.9 billion kWh of electricity annually and selling the full output to the Bangladesh Power Development Board (BPDB) under long-term Power Purchase Agreements. The company is currently constructing Phase 2 of the Payra plant (additional 1320 MW) and implementing the Payra-Gopalganj-Aminbazar 400kV Double Circuit Transmission Line for power evacuation into the national grid.

Product overview

Bangladesh-China Power Company Limited (BCPCL) operates as a joint venture power generation company (50% NWPGCL, 50% CMC) that owns and operates the Payra 1320 MW Thermal Power Plant (Phase 1) — Bangladesh's first ultra-supercritical coal-fired power plant. The company is currently implementing Phase 2 expansion of the same plant capacity, along with associated transmission infrastructure (400kV Double Circuit Transmission Line). BCPCL's core business is electricity generation using ultra-supercritical clean coal technology, with an annual generation capacity of approximately 7.9 billion kWh. The portfolio includes power plant operations, maintenance services, and community development programs including a technical institute (BCTI).

Differentiator

Problem solved

Functional benefit

Products and services

• Payra 1320 MW Thermal Power Plant (Phase 1) A 1320 MW (2x660 MW) Ultra-Supercritical coal-fired thermal power plant located in Dhankhali, Kalapara, Patuakhali, Bangladesh. The plant uses eco-friendly ultra-supercritical boiler technology (26.25 MPa/600/610°C) with Flue Gas Desulfurization (FGD), 99%-efficient Electrostatic Precipitators (ESP), closed circulation cooling water, a 400 KV GIS substation, and an advanced coal handling plant with ship unloaders. All generated electricity is sold to the Bangladesh Power Development Board (BPDB) under a long-term Power Purchase Agreement.
• Payra 1320 MW Thermal Power Plant (Phase 2) Second phase expansion of the Payra thermal power plant adding an additional 1320 MW (2x660 MW) of Ultra-Supercritical generation capacity at the same Dhankhali, Kalapara, Patuakhali site. Uses ultra-supercritical boiler technology (27 MPa/600/610°C), closed circulation cooling water system, and 400KV GIS substation for power evacuation. Output will be sold to BPDB under a long-term Power Purchase Agreement.
• Payra-Gopalganj-Aminbazar 400kV Double Circuit Transmission Line (Phase 2) A 400kV double circuit transmission line project spanning approximately 256.314 route km to evacuate power from the Payra generation hub to Gopalganj and Aminbazar (Dhaka area) for integration into Bangladesh's national grid. Uses Quad Bundle ACSR Finch conductors for overland portions and Quad Bundle ACCC conductors for the Padma River crossing. Expected COD June 2027.

Quantifiable outcome

• 7.9 billion kWh annual electricity generation
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Consortium of CECC & NEPC (China)coreImplementation/ SI/ Consulting Partner · 16 May 2019EPC contractor for Phase 2 of Payra 1320 MW Thermal Power Plant. EPC contract signed May 16, 2019.
• Consortium of NEPC & CECC (China)coreImplementation/ SI/ Consulting Partner · 29 March 2016EPC contractor for Phase 1 of Payra 1320 MW Thermal Power Plant. EPC contract signed March 29, 2016. The consortium handled engineering, procurement, and construction of the power plant.
• North-West Power Generation Company Limited (NWPGCL)coreStrategic or Co-development Partner · 9 June 2014NWPGCL is a state-owned enterprise under BPDB, incorporated on August 28, 2007. NWPGCL and CMC hold equal 50:50 ownership in BCPCL. NWPGCL nominated directors serve on BCPCL's Board of Directors.
• China National Machinery Import & Export Corporation (CMC)coreStrategic or Co-development Partner · 9 June 2014CMC is a wholly state-owned company incorporated in China in 1997 under the Company Law of the People's Republic of China, headquartered at Beijing, China. CMC and NWPGCL formed the 50:50 joint venture BCPCL to implement the Payra 1320 MW Thermal Power Plant Project.
• P.T. Bayan Resources Tbk (Indonesia)minorOthersCoal sourcing partner providing sub-bituminous/bituminous coal for power generation.
• Oldendorff (Germany)minorOthersInternational shipping partner providing coal transportation services from Indonesia to Bangladesh.
• Consortium of CECC-FEDI-SINOHYDROcoreImplementation/ SI/ Consulting PartnerEPC contractor for overland portion of Payra-Gopalganj-Aminbazar 400kV Double Circuit Transmission Line Project (2nd Phase).
• Consortium of CECC-MBEC-FEDIcoreImplementation/ SI/ Consulting PartnerEPC contractor for Padma River Crossing Portion of Payra-Gopalganj-Aminbazar 400kV Double Circuit Transmission Line Project (2nd Phase).

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• China Huadian Corporation: One of China's five major state-owned power generators and ultimate parent of CMC's group; provides a state-owned Chinese benchmark for utility-scale thermal generation, EPC scale, and government-backed financing.
• Engie SA: Global utility that has actively divested coal and built renewables; useful as a broad-incumbent benchmark for utility-scale generation portfolios with EPC, IPP, and transmission integration.
• RWE AG: European integrated utility with historical lignite/coal baseload fleet now transitioning; relevant as a benchmark for how a large incumbent operates coal assets under transition pressure and PPA frameworks.

Direct peers

• Sembcorp Industries: Singapore-listed utility with thermal and renewables IPP assets across South and Southeast Asia; similar structure of owning and operating coal/gas baseload plants under multi-year PPAs in emerging Asian markets.
• Reliance Power Limited: Indian developer-operator of large coal-fired mega-projects (e.g., Sasan, Krishnapatnam) under long-term PPAs, directly comparable in project scale and counterparty profile.
• NTPC Limited: India's largest state-owned power generator with a coal-heavy fleet and government off-take; closest analogue to BCPCL's state-to-state JV structure with sovereign off-take and ECA financing.
• Tata Power Company Limited: Indian integrated utility with substantial coal-fired IPP capacity and long-term PPAs; comparable in scale, coal-technology mix, and grid-feed operating model.
• Adani Power Limited: Large Indian thermal IPP operating multi-gigawatt coal-fired capacity under long-term PPAs with state distribution utilities, structurally comparable to BCPCL's BPDB off-take model.

Others

• North-West Power Generation Company Limited (NWPGCL): State-owned Bangladeshi generation company and 50% parent of BCPCL; operates other thermal plants in Bangladesh and is a likely counterparty in adjacent projects.

Regional players

• VPower Group International Holdings: Hong Kong-based IPP with thermal generation (including coal) across Asia; comparable as an Asia-focused independent power producer with project-finance-backed plants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bcpcl.bd
• LinkedInlinkedin.com/company/bangladesh-china-power-company-limited

Compliance3 records

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 Bangladesh-China Power Company Limited