Electrical Bus

The Asian Entech Power Corporation Limited is one of the fastest growing companies in the power generation sector of Bangladesh. The company won four IPP power generation contracts from the government of Bangladesh with a total capacity of 77MW (natural gas, simple cycle) in October of 2007.

All four projects are based on the Build Own Operate (BOO) model with contract duration of 15 years. Asian Entech will be supplying electricity to both Rural Electrification Board (REB) and Power Development Board (PDB) of Bangladesh through the national grid of the country. The World Bank (IFC) is the primary financier of the projects. The total cost of the project is approximately $ 55M (USD).
Three of the power plants each with a capacity of 22 MW are located in Narshingdi, Feni and Tangail. An additional 11 MW plant is located in Feni. The GE Janbacher is the supplier of the power generation sets.
Bangladesh has long been in serious shortage of power. With a population of 150 million and only 15-20 % of them being connected with electricity there exists a huge market scope for power sector. However, the present scenario encompasses the need for supplying uninterrupted power to the existing customers (Residential/commercial/industrial) with dependable power and to bring the huge segment of population that needs to be connected through electricity. The government of Bangladesh plans to add an additional capacity of 17,000 MWs by 2025.
Saiful Alam is the CEO of the company. Mr. Alam is an industry veteran with 20 years experience in the power sector. He is an electrical engineer. Prior to joining Asian Entech, he was the Executive Director at Summit Power of Bangladesh, the largest IPP in the country.
Tahzeeb Siddiqui is the managing director of Asian Entech. He is a director of Siddiqui Group of Bangladesh (total exports over $50m USD garments/textiles) as well. He has an MBA from Cornell University and an MS in political science from the University of London.
Javed Hosein is the director of finance of Asian Entech. Prior to joining Asian Entech he was a senior manager at Accenture’s management consulting practice based out of New York. Mr. Hosein holds a BS in electrical engineering from Boston University and an MBA from Cornell University.
Former foreign minister and managing director of Shasha Denim Ltd., Anisul Islam Mahmud is an investor in Asian Entech Power Corp.