Rural Power Company Limited (RPCL)

What Rural Power Company Limited (RPCL) does

Rural Power Company Limited (RPCL) is a government-owned power generation enterprise under the Bangladesh Rural Electrification Board (BREB), operating a portfolio of wholly-owned and joint-venture thermal power plants across Bangladesh. Its wholly-owned fleet comprises four operating facilities totaling 392 MW: the Mymensingh 210 MW Combined Cycle Power Plant (gas turbines and a Siemens steam turbine across three phases), the Gazipur 52 MW Dual Fuel Plant (Wartsila W20v32 engines), the Raozan 25 MW Dual Fuel Plant, and the Gazipur 105 MW HFO Fired Plant (Wartsila W18V50 engines). Through joint ventures with BPDB, RPCL holds stakes in the Kadda 150 MW Dual Fuel Plant (operational 2015) and the Mirsarai 163 MW Dual Fuel Plant (operational 2023), bringing combined generation capacity to approximately 691 MW.

The company operates an exclusively wholesale business model: 100% of generated electricity is sold to the Bangladesh Power Development Board (BPDB) under long-term Power Purchase Agreements of 15-22 years, with regulated tariffs and no direct retail or commercial offtake. Its technology stack spans gas turbines (GEEPE, Siemens), dual-fuel and HFO reciprocating engines (Wartsila, MAN Diesel & Turbo), supported by international EPC contractors and financed by multilateral and bilateral lenders including ADB, Exim Bank of China, and ICBC. Operations are certified to ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards.

Beyond generation, RPCL has diversified vertically through its 51%-owned joint venture Bangladesh Power Equipment Manufacturing Company Limited (BPEMC) with Shenzhen Star Instrument Co., Ltd., which assembles smart prepayment meters with annual capacity of 12 lakh single-phase and 1 lakh three-phase units at Tongi, Gazipur. The company has also announced a long-dated pipeline of three combined cycle projects — Gazipur 450 MW (COD 2032), Gazaria 600 MW Phase-2 (COD 2040), and Chittagong 750 MW (COD 2041) — representing a 2.6x expansion of current capacity. RPCL is headquartered in Dhaka, employs 501-1,000 people, and is governed by a Board chaired by Major General SM Jazia-ul Azim with Managing Director A.H.M. Rashid leading operations.

Name

Rural Power Company Limited (RPCL)

Legal name

Rural Power Company Limited

Website

https://rpcl.gov.bd

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Rural Power Company Limited (RPCL) is a government-owned power generation enterprise under Bangladesh's BREB, operating approximately 691 MW of gas, dual-fuel, and HFO-fired capacity across Mymensingh, Gazipur, Raozan, and Chattogram, selling all electricity wholesale to BPDB under 15-22 year PPAs.

Ownership category

akta.pro rank

Product category

Power Generation Utilities

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Utility-Scale Combined-Cycle Gas Turbine (CCGT) Generation (EUACABAA)

akta.pro secondary industries

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI), Open-Cycle Gas Turbine (OCGT) / Peaker Generation (EUACABAB), Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ)

Keywords

• Power generation services
• Rural electrification utilities
• Combined cycle power plants
• Dual fuel power generation
• Smart prepayment meters

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Marketing channels4 records

Core offering

Rural Power Company Limited (RPCL) is a state-owned wholesale power generator that owns and operates gas turbine, combined cycle, dual-fuel (HFO/gas) and HFO-fired power plants in Bangladesh, selling all generated electricity to the Bangladesh Power Development Board (BPDB) under long-term Power Purchase Agreements. Through its BPEMC joint venture it also assembles smart prepayment electricity meters. RPCL's combined generation capacity (own + JV plants) totals approximately 691 MW.

Product overview

Rural Power Company Limited (RPCL) is a state-owned enterprise under Bangladesh Rural Electrification Board (BREB) that operates as a power generation company. The company's portfolio comprises four operational power plants: the 210 MW Mymensingh Combined Cycle Power Plant (gas-based with three phases including gas turbines and steam turbine), the 52 MW Gazipur Dual Fuel Power Plant (HFO/Gas with Wartsila engines), the 25 MW Raozan Dual Fuel Power Plant, and the 105 MW Gazipur HFO Fired Power Plant. RPCL also holds joint venture stakes in the 150 MW Kadda Power Plant and the 163 MW Mirsarai Power Plant, and operates the Bangladesh Power Equipment Manufacturing Company (BPEMC) joint venture for smart prepayment meter assembly. The company maintains ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. Future expansion includes planned projects for Gazipur 450 MW CCPP, Gazaria 600 MW CCPP Phase-2, and Chittagong 750 MW CCPP.

Differentiator

Problem solved

Functional benefit

Products and services

• Mymensingh 210 MW Combined Cycle Power Plant A 210 MW combined cycle gas-and-steam power station located in Mymensingh, Bangladesh, consisting of four gas turbines (2x35 MW + 2x35 MW) and one 70 MW steam turbine. Generates wholesale electricity under long-term PPA to BPDB.
• Gazipur 52 MW Dual Fuel Power Plant A 52 MW (6 x 8.924 MW) dual-fuel power plant located at Kadda, Gazipur, equipped with Wartsila Finland W20v32 engines operating on HFO or natural gas. Generates wholesale electricity under long-term PPA to BPDB.
• Raozan 25 MW Dual Fuel Power Plant A 25 MW (3 x 8.924 MW) dual-fuel power plant located at Raozan, Chattogram, equipped with Wartsila engines operating on HFO or natural gas. Generates wholesale electricity under long-term PPA to BPDB.
• Gazipur 105 MW HFO Fired Power Plant A 105 MW (6 x 18.415 MW) HFO-fired power plant located at Kadda, Gazipur, equipped with Wartsila Finland W18V50 engines running on Heavy Fuel Oil. Generates wholesale electricity under long-term PPA to BPDB.
• Kadda 150 MW Dual Fuel Power Plant (Joint Venture with BPDB) A 149.356 MW joint-venture dual-fuel power plant at Kadda, Gazipur, equipped with 9 MAN 18V51/60DF engines (MAN Diesel & Turbo SE, Germany) running on HFO or natural gas. RPCL and BPDB co-own the plant; output is sold under long-term PPA to BPDB.
• Mirsarai 150 MW Dual Fuel Power Plant (Joint Venture with BPDB) A 163 MW joint-venture dual-fuel power plant located in the National Special Economic Zone, Mirsarai, Chattogram, equipped with 9 MAN 18V51/60DF engines running on HFO or natural gas. RPCL and BPDB co-own the plant; output is sold under long-term PPA to BPDB.
• BPEMC Smart Prepayment Meter Assembling Plant A jointly-owned meter assembly plant (RPCL 51% / Shenzhen Star Instrument 49%) at Tongi, Gazipur, that assembles smart prepayment electricity meters with annual capacity of 12 lakh (1.2 million) single-phase and 1 lakh (100,000) three-phase units for the BREB and rural distribution network.

Quantifiable outcome

• Total generation capacity of ~691 MW from own and JV plants

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

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• Bangladesh Power Equipment Manufacturing Company Ltd. (BPEMC)coreStrategic or Co-development Partner · 19 August 2019BPEMC is a joint venture company between RPCL (51%) and Shenzhen Star Instrument Co. Ltd. (49%), established to manufacture smart prepayment meters and electrical equipment. The JV was incorporated on 31 October 2019 with RJSC registration. BPEMC's authorized capital is Tk. 4 crore and paid-up capital is Tk. 3.60 crore, with annual production capacity of 12 lakh single-phase and 1 lakh three-phase smart prepayment meters. The joint venture enables local manufacturing of prepayment metering solutions.
• Shenzhen Star Instrument Co. Ltd.coreStrategic or Co-development Partner · 25 June 2018Chinese technology partner (49% stake) in the BPEMC joint venture for smart prepayment meter manufacturing. Signed MoU with RPCL on 25 June 2018; JVA approved by Cabinet on 19 August 2019.
• Bangladesh Power Development Board (BPDB)coreStrategic or Co-development Partner · 3 November 2013RPCL and BPDB co-own the Kadda 150 MW Dual Fuel Power Plant (operational since 16 August 2015) and the Mirsarai 150 MW Dual Fuel Power Plant (operational since 1 May 2023). BPDB is the sole power purchaser under 15-22 year PPAs for all RPCL plants.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Summit Power International: Bangladesh's largest independent power producer, operating gas-fired IPPs selling to BPDB under long-term PPAs. Closely comparable to RPCL in business model, off-taker dependency, and fuel mix.
• Baraka Power Limited: Bangladesh-listed IPP operating dual-fuel and HFO-fired plants under BPDB PPAs. Comparable in technology stack and government-backed offtake structure.
• Electricity Generation Company of Bangladesh (EGCB): State-owned enterprise under BPDB operating gas and dual-fuel power plants. Directly comparable as a peer state-owned IPP with similar technology and PPA structure.
• Ashuganj Power Station Company Limited (APSCL): State-owned Bangladeshi power generator operating large gas-fired plants under BPDB PPAs. Highly comparable in government ownership structure, mission, and generation technology mix.
• Confidence Power Limited: Bangladesh IPP with dual-fuel (HFO/gas) plants selling to BPDB. Comparable generation technology and PPA structure.
• North-West Power Generation Company Limited (NWPGCL): Bangladesh state-owned power generator with combined-cycle and dual-fuel plants. Comparable in mandate, governance structure, and BPDB offtake arrangement.
• Doreen Power Generations and Systems Limited: Listed Bangladeshi IPP operating dual-fuel (HFO/gas) power plants under BPDB PPAs. Comparable in technology (Wartsila-class dual-fuel engines), scale, and revenue model.
• Khulna Power Company Limited (KPCL): Bangladesh IPP operating dual-fuel plants under BPDB PPAs. Comparable scale, fuel flexibility, and long-term offtake arrangement.
• United Power Generation & Distribution Company: Bangladesh IPP operating gas-fired and dual-fuel plants under BPDB PPAs. Comparable scale, fuel mix, and offtake structure to RPCL's fleet.

Broad incumbents

• Bangladesh Power Development Board (BPDB): The state-owned national power utility that is RPCL's sole off-taker and JV partner; also operates its own large generation fleet. Comparable as a broader power-sector incumbent though structurally the buyer rather than competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UClgksxX9pEeqp8TnEnPG-fw
• Facebookfacebook.com/rpcl.gov.bd
• LinkedInlinkedin.com/company/rural-power-company-limited-rpcl

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 Rural Power Company Limited (RPCL)