Information Document - Dhaka Stock Exchange

(12) Production capacity and current utilization:Currently, the power barge Tiger I and Tiger III consist of 19 Wärtsilä diesel engines capable ofproducing 114MW of electricity. Each barge is 91.5 meter long and 24 meter wide. The floatingtigers generate electricity for supply to the national grid.KPCL’s total installed gross generation capacity is 123.5 MW (19 Engine x 6.5 MW), and current netgeneration capacity is 114 MW. But KPCL has total licensed capacity of 110 MW. In 2009, its averagemonthly utilized capacity is 87.21% which is 12% more than that of 2008.The operator of KPCL Wärtsilä Bangladesh Ltd. has earned the unique distinction of receiving bothISO 9002 for quality management system (QMS), ISO 14001 certification for excellence inenvironment management system and OHSAS 18001 for occupational health and safety standard.D. DESCRIPTION OF THE PROPERTY(1) Location of the power plant and other property and condition of such property:Corporate office of the company is situated at Summit Centre (5 th Floor), 18 Karwan Bazar C/A,Dhaka-1215 and the power plant consists of 19 (Nineteen) 6.5 MW generating sets that are installedon Two Power Barges are situated at Goalpara, Khalishpur, Khulna. Such property is in goodoperating condition.(2) Ownership of property:Other than land, which is a leased property, the ownership of all the assets as per audited accountsfor the year ended 31 Dec, 2009, described below are in the name of the Company.ParticularsAmount in TakaPower plant 3,303,599,925.00Vehicles 3,038,494.00Building and construction 188,150.00Furniture and fixtures 47,400.00Office equipment 259,330.00Office renovation 33.00Total Written Down Value 3,307,133,332.00All the machineries imported were in brand new condition.(3) Lien on property:1. The company itself owns the entire fixed assets except the lease land.2. The Plant & machinery and other assets of the company are mortgaged against the workingcapital loan to the following banks:a) BRAC Bank Limitedb) Citibank NAc) Pubali Bank Limitedd) Shahjalal Islami Bank Limitede) Standard Bank LimitedThe leasehold land is approximately 4.7 Acres of land having border on the north by Bhoirab River,on the east Goalpara Power Grid Station of Bangladesh Power Development Board (BPDB), on thewest petroleum terminal of Padma Oil Co. The existing power plants are situated on the leaseholdland. Details of leasehold lands are as follows: Plant Address: Goalpara, Khalishpur, Khulna Owner of the land: Padma Oil Co. Ltd. Lessor: BPDB27