Khulna Power Company Ltd (Bangladesh)

The Company is engaged in the business of generation of electricity and selling the same in bulk to BPDB through its national transmission grid and BPDB distributes the energy in the south-western region of Bangladesh.
History
1997
The Company was incorporated in Bangladesh on 15 October, 1997 as a Private Limited Company under the Companies Act, 1994.
1998
The plant came into operation on 13 October, 1998
2009
The Company has converted into a Public Limited Company on 19 July, 2009 .
2010
The Company was quoted on Dhaka and Chittagong Stock Exchange in 18 April 2010 with authorized shares 300,000 ordinary shares of Tk 10 each and 2,000 preference shares of Tk 1,000 each.
2015
On 22 March 2015, the Honourable High Court Division of the Supreme Court of Bangladesh issued an order giving effect to a Scheme of Amalgamation under Company Matter No. 322 of 2014. The High Court ordered that under the amalgamation scheme, the entire undertaking of Khulna Power Company Unit II Ltd. and Khanjahan Ali Power Company Ltd. (the transferor companies) as going concerns will be transferred to and vested in the Khulna Power Company Ltd. (the transferee company) with an effective date of 30 September 2014. Accordingly both subsidiaries, Khulna Power Company Unit II Ltd. (KPCL-II) and Khanjahan Ali Power Company Ltd. (KPCL-III), have been merged with Khulna Power Company Ltd. with the sanction of the Honourable High Court Divisionof the Supreme Court of Bangladesh in terms of an application submitted by both the transferor and transferee companies as per Section 228 read with Section 229 of the Companies Act, 1994. Though the Scheme of Amalgamation became effective from 2 April 2015, the day of the certified copy of the court order was submitted to the Registrar of Joint Stock Companies (RJSC), Dhaka, Bangladesh, and both Khulna Power Company Unit II Ltd. and Khanjahan Ali Power Company Ltd. ceased to exist since then, for financial reporting purposes the recording of all transactions on an amalgamated basis is effective from 30 September 2014.
2016
The Company changed its year-end from December to June 2016.