Khulna Power to sell second plant to Turkish firm
Khulna Power Company has signed an agreement with Turkey's Aksa Enerji Uretim AS to sell its second power plant – an 115MW facility that has remained non-operational since March 2024 due to the non-renewal of its power purchase agreement with the government.
The company disclosed the agreement in a price-sensitive statement filed with the Dhaka Stock Exchange (DSE) today (23 July). However, it did not disclose the transaction value.
Following the announcement, Khulna Power's share rose by 2.63% to reach at Tk11.70.
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This marks Khulna Power's second major divestment in recent years. Earlier, the company inked a deal with US-based Excelerate Global Operations LLC to sell its first 110MW barge-mounted power plant for $15 million (approximately Tk130 crore).
At present, Khulna Power's only revenue-generating asset is its 150MW United Payra Power Plant, in which it holds a 35% stake.
