Ashuganj Power
Station Company Limited (APSCL)
Ashuganj,
Brammonbaria- 3402
Description of Activities of
the Meeting of 142 Board of Ashuganj Power Station Company Limited
Board meeting of Ashuganj Power
Station Company Limited 142 last dated 8th July, 2012, Sunday, at afternoon around
5.30 in the Company Office, Bengal
Center (Level- 6), 28 Topkhana Road Dhaka held presided by the Chairman Foiz Ahmed,
Additional Secretary, Electricity Department. There was presented in the
meeting of the director board as bellow:
Present Directors in the Meeting:
1. Mr Md Anowar Hossen, Assistant-
secretary, Electricity Department and Director, APSCL.
2. Mr Md. Harunur Rashid, Assistant- secretary,
Primary and Mass Education Ministry and Director, APSCL.
3. Dr Md Kamrul Ahsan, Professor,
Bangladesh Engineering University
and Director, APSCL.
4. Md. Abdul Ohab Khan, Member (Distribution),
Electricity Development Board and Director, APSCl.
5. Mr Md Shamsul Haque, Director,
FBCCI, Dhaka and Director, APSCL.
6. Mr Tomal Chokroborti,
Menber(Production), Electricity Development Board and Director, APSCL.
7. Mr Momotaz Uddin Ahmed,
President, ICMB and Director, APSCL.
8. Mr Md Nurul Alom, Managing
Directoe, APSCL.
All Mr 1. Safat Ahmed Chowdhury,
Additional Secretary, Energy and Mineral Asset Department and Director, APSCL
and 2. Md Abduhu Ruhulla, Member (P and D), Electricity Development Board and
Director, APSCL was not able to present in the meeting therefore the leave of
them has been approved.
Mr Mustakim Billah Faruki,
director was present as invited by prime minister office.
Presented other officers:
1. Mr A M M Shazzadur Rahman,
Director (Technical) APSCL.
2. Mr Md Mahfuzul Haque, Director
(Finance), APSCL.
3. Mr Md Mizanur Rahman, Company
Secretary, APSCL.
Activity Description of the
Meeting:
Discussion
Content No 142.01 : Regarding
making sure and making description of activity of 141 meeting of the board held
dated 17/ 6/ 2012
Decision: Last dated 17th June, 2012
in 141- board meeting the activity description recited and by all that has been
insured. But specially of the opinion of directors in the future board meeting
technical and financial opinion reflects well the consultant has been given for
management authority to be care regarding that matter.
Certified To Be True
Ashuganj Power Station
Company Ltd
Sd/ Illegible
Managing Director
(Monogram)
Consultant of the electricity
department and as per request of electricity development board the director of
APSCL Mr Md Harunur Rashid, now assistant- secretary, Primary and Mass
Education Ministry, Former Director, in prime minister office instead of Mr
Mustakim Billah Faruki, Director, of the prime minister office Dahka for
including as the director of APSCL has been presented in the board meeting. The
board meeting discussed that. In time of discussion Mr Tomal Chokrobort, Member
(Production), Electricity Development Board and Director, APSCL Mr Mustakim
Billah Faruki, Director, Prime Minister Office Dahaka proposed to include in
director board of APSCL and Dr Md. Kamrul Ahsan, Professor, Bangladesh
Engineering University and Director, APSCL supported that. Then the board
meeting agreed to include Mr Mustakim Billah Faruki, Director, Prime Minister
Office, and Dhaka as the Director of Director
board of APSCL.
Decision: Mr Mustakim Billah
Faruki, Director, Prime Minister Office, Dhaka
is Director of APSCL instead of Mr Md. Harunur Rashid, Now assistant-
secretary, Primary and Mass Education Ministry and former Director, Prime
Minister Office the decision has been taken.
Content of Discussion: Regarding
replacement of equity paid capital of Bangladesh Electricity Development Board.
142.04
Brief of Discussion Subject: The
board meeting has been informed from management that last dated 22/ 5/ 2003 by
the signature Provisional Vendors Agreement the net permanent asset of Ashuganj
Electricity Center value in Taka 2,147.49 Crore and the amount of liability is
1,486.09 crore Taka the amount of equity 661.40 crore Taka has been fixed.
While fixing the tariff of APSCL as per decision of Beubo the foreign advisor
Nexant Ltd, As per Generation Plant Cost Price and other asset of IVVR project
valued replacement cost the amount of liability and asset fixing respectively
1,511.71 crore Taka and fixing the amount of equity 1486.00 crore Taka
measuring 25.79 crore Taka re- fixed. Regarding that the price of 1024.31 crore
Taka of unit 3, 4 and 5 overhalling having been in consideration the equity of
BOB 1144.15 crore which has been booked in the account of APSCL in the book
equity to BPDB.
As per Power Purchase Agreement
the principle base of Tariff Calculation is Vendors Agreement value has been
mentioned in Agreement, of this mentioned asset price, waste of the price of
mentioned asset, debt liability, and interest of debt liability, return on
equity etc items have to be mentioned in the Financial Statement. For this
reason as documentry evidence the amended vendor agreement became necessary to
give signature. As Bangladesh Electricity Development Board is an aoyunun
organization so mentioned asset and debt of APSCL for the final transfer the
vendors agreement has been sent dated last 30/ 9/ 2008. Law, Judgement and
parliament ministry has been collected from electricity division. Though the
vendors have been sent to finance ministry the release has not been found from finance
ministry, because there is a different between the account DSL and BOB account. A joint activity is working by
electricity division, BOB, APSCL and Ozopedica with finance ministry to
finalizing this decision. Ashuganj Power Station Company Ltd last dated 26th December, 2010
held 10th annual general meeting and dated 28th december
in 11th annual general meeting of electricity development board from
replacing as capital paid 1144 crore equity of electricity development board
and recommended for devident. On the other hand, the equity of electricity
development board for the replacement of APSCL increased to 3000 crore Taka.
Now the paid capital of APSCL is 10.00 Lacs Taka, which is not related to real
scenario of the company. As vendors agreement has not become finalized taking
consideration from Provisional Vendors in consideration of 661.40 croresTaka in
favor of electricity development board has become in consideration as paid
capital.
151 of 1994 of company law and
company Article of Association of 11 and 17 number section there is are
conditions for the booking of asset. Having in consideration that Provisional
Vendors Agreement as highest prioprity 661.40 crore Taka in favor of
electricity development board as paid capital
Certified To Be True
Ashuganj Power Station
Company Ltd
Sd/ Illegible
Managing Director
(Monogram)
Page- 3
Can be booked in that account.
So, in the account of BOB equity of saved 1144 crore Taka for the direction as
per Provisional Vendors Agreement of 661.40 crore equity in favor of special
part of BOB as paid capital the issue has been raise for consideration and
approval.
Discussion: The board meeting
will discuss on the matter in details. Through Provisional Vendors Agreement
the permanent asset 2,147.49 crore and liability 1,486.09 crore Taka fixing the
amount of equity is 661.40. In the meantime the capital of the company has been
increased fro, 1500 crore to 3000 crore Taka. As the vendors agreement has not
found from finance ministry no steps regarding that got become possible to
take. As director board wanted to know it has been informed to director board
that the total equity is 1144.15 crore Taka has been fixed. Therefore as per
paid 661.40 has been replaced in paid capital the 482.75 will remain in that
sector. In anwering the board it has been informed in favor of BOB 661.40 paid
capital replaced to 661.47 crore Taka. Return has give for the approval of
Joint Stock Exchange Company. The board meeting has been agreed on replacing
BOB in paid capital cash Taka 661.40 corer Taka.
Decision: The decision has been
taken to replace 661.40 taka of paid capital in Provisional Vendors Agreement
of BOB equity.
Content of Discussion: Regarding
approval of LNTP with Ashuganj 225 Mega Watt CCPP project.
Brief Description of discussion:
it has been informed from managing authority that Ashuganj Power Station
Company Ltd last 5/ 10/ 2011 with Consortium of Hyundai Engineering Co. Ltd and
Daewoo International Corporation has made signature in contract of Ashuganj 225
Mega Watt CCPP project. As per the conditions of the contract opening LC and ECA as not finalizing the financing the contract
Effective (EDOC) has nt been. bid bond validity by EPC
last 30th June,
2012 as shown to increase the EPC
sat for meeting with management. There was discussion on the progress made in
management meeting and bis bond validity increasing, ECA
Financing etc.
There is a need for another few
months to finalize the bid bond validity the propsed has been taken to increase
31/ 12/ 2012 has been agreed. After Passing 8 months of contract signature the ECA has not mentioned in different problems. It has
been informed from APSCL, ECA
financing in the subject of Hermes and L- Sure the agreement has been made. But
the debt contract has to increase few more days.
Limited Notice to Proceed (LNTP)
has presented. They mentioned same types of experiance. LNTP as given for the
work of basic engineering work and Major Equpment of Manufacturing Slot Booking
has been informed in the meeting. APSCL seems acceptable of the subject. In the
meeting a draft
Page- 1
Ashuganj Power
Station Company Ltd (APSCL)
Ashuganj,
Brammonbaria- 3402
Description of
Activities of 153 number meeting of Ashuganj Power Station Company Ltd.
Ashuganj Power Station COmpany
(APSCL) of 153 board meeting last dated 19th December, 2012 Tuesday, at
around 5.30 in the afternoon, in the company Liaison Office, Bengal Center
(Level- 6) 28 Topkhana Road,
Dhaka the meeting held presiding the Md. Anowar Hossen, Joint
Secretary (Development), electricity department and Chairman, APSCL. There was
presented in the meeting the following members:
Directors presented in the
meeting:
1. Mr Dr Kamrul Ahsan, Professor,
Bangladesh Engineering University
and Director, APSCL
2. Mr Momtaz Uddin Ahmed,
President, ICMAB and Director, APSCL
3. Mr Mohammad Shamsul Haque,
Director, FBCCI, Dhaka and Director, APSCL
4. Mr Tomal Chockroborti,
Member(Production), Electricity Development Board, APSCL
5. Mr Mohammad Abduhu Ruhullah,
Member(P and D), Electricity Development Board and Ditrector, APSCL
6. Mr Mohammad Abu Taher,
Member(Distribution) Electricity Development Board and Director, APSCL
7. Mr Kazi Nazir Hossen, Sub-
secretary (Operation), Energy and Mineral Asset Department and Director APSCL
8. Mr Md. Nurul Alom, Managing Director, APSCL
As Mr Mohammad Foezul Amin, Sub-
project Director, PSDP (Sub- secretary), Electricity Department and Director,
was not able to present in the meeting therefore the leave has been accepted.
Present Other Officers:
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