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Corporatization of Bangladesh Power Development Board :  Bangladesh :Go to Project Summary

Corporatization of Bangladesh Power Development Board :  Bangladesh

Timetable  |  Financing Plan and TA Utilization


TA Name Corporatization of Bangladesh Power Development Board
Country Bangladesh
TA Number 4626
Project Number 39141- 01
Thematic Classification
Economic growth
Governance
Description The TA will assist the Government and BPDB to (i) corporatize BPDB; (ii) introduce modern management information systems in the new company; (iii) integrate the new company into the power sector network. It will also define the new company's relationship with other sector entities. The TA will prepare detail plans for corporatization of BPDB. This will include devising key strategies for (i) evaluating assets; (ii) establishing a viable financing plan; (iii) formulating personnel policies; (iv) organizing for the transfer of assets and staff to the new company; (v) organizing the voluntary separation scheme for eligible staff of BPDB; (vi) examining and organizing for the sale of BPDB's shareholding in its affiliated companies; and (vii) implementing financial and management information system.
Linkage to Country/Regional Strategy The TA is consistent with the ADB's sector strategy, which aims to achieve, among others, (i) institutional improvements of power sector entities, and (ii) changes in business environment through continued corporatization and commercialization of power sector entities.
Outcome Progress Toward Outcome
A self-sustaining corporatized BPDB with a modern, commercial management and operation system. Draft Memorandum and Articles of Association for corporatized BPDB were prepared.
Outputs and Timeframe Status of Implementation Progress (Outputs, Activities and Issues)
1. Detailed plan for BPDB corporatization
2. Establishment of accounting and financial management system
3. Computerized MIS
4. Draft personnel policies 		The consultant's final report was submitted to the Government and ADB in August 2008.
Geographical Location Throughout Bangladesh
Summary of Environmental and Social Issues The main social issue will be the redeployment of BPDB staff to the new company. This should be tackled with appropriate counseling, and retraining wherever feasible. The TA will suggest a strategy for the voluntary separation scheme for eligible BPDB staff. There are no environmental issues.
Responsible ADB Officer Pil-Bae Song
Responsible ADB Department South Asia Department
Responsible ADB Division Energy Division, SARD
Executing Agencies Ministry of Power, Energy and Mineral Resources
  Mr. S.M. Mesbahul Islam
  Joint Secretary, Power Division
  Bangladesh Secretariat, Dhaka-1000, Bangladesh
Timetable
Fact-finding 09 May 2005 to 16 May 2005
Approval 02 Aug 2005
Financing Plan / TA Utilization Top TA Amount
ADB Others Gov Total Approved Amount Revised Amount
$800,000.00 $0.00 $230,000.00 $1,030,000.00 $800,000.00 $796,647.37
 Total Commitment Uncommited Balance Total Disbursement Undisbursed Balance
$796,647.37 $0.00 $796,647.37 $0.00
© 2008 Asian Development Bank

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