Embed Size (px)
DESCRIPTION
Annual business report of Power Grid Co of Bangladesh Ltd.
Citation preview
fr ̂ ,^^."1" RepDn 2OO1-2O lO
Present Board of Directors !EBoard of Dire-ctors (2009-10) trU
Top Manaqement EPGCB at a qlance E
value 4d4ed !!q!eqel! ILPGCB'5 Five-year Review IL
Notice of the 14th Annual General Meetinq ILCorpgrate Governanc€
Directors' Repon (Benqali) llfflEvenrs EIEEI
Q!!q!tq.r! Report (E!q!!tl
Auditorsl lepol!Note5 to the Financial Statements
Financial Ratio
Construction Contract Aoreement
Onqoinq Development Plqjects
Auditors & Banker5
rg@rrProxy Form
Di Md. Harun-ur-Rashi
b
L Di Md, Hdn-uFF{ashid
2. MrAS.M. Aldmgn Ksbir
3. Dr Jamaluddin Anred, FcA
4 Mr Md. abu Alan Chowdhury
6. Engr S. M. Khsbi@man
7. Badsier M- Anamul Kabt Emm
L Ensr Md.J.malUllah
Di Md. Ha.un-ur-Rashid Khwaja Ghulam Ahmed
d
1 DL Md. l_ ia run uFRashd2 Mr Khwata Ghu amAhmed3 MrASM AlamgnKab i r4 ML MohammedWahd Hossa in
7. Dr Jana udd nAhmed, FCA3. DLS ShahnawazAhmedI Mn [,ld AbuAl€m chowdhury
l rEngrSMKhabruzzaman12. BarLsGr M Anamul Kabn Emon13.EngL Md. Ruhu Amn
aftrI
6gCt,̂^
*
PreeentTop lvlanagement
e3
2 Mr Md. Sh@kat Hossain
3. Enqr. Md. MozammelHossain
4. ML Premendd Kumar RoY
n
PGGBa"T, a,
Corporate Oftc€
8/A Ramna, Dhaka - 1000, Bansladesh.
ESTD. I 996
Institution of Engineers BangladeshBhaban (New), 3rd and 4th Floor,
(rEB)
1996Slatus Public Limited Company
Transmission ot PowerAulhoris€d Capilal in Taka 10 bi l l ionPaid up Capital in Taka 3,643.58 millionTumover in Taka of2009-2010 5,929.64 millionNet orofit before tax & WPPF in 2,338.38 millionTaka of 200S201 0TEnsmission Line as on 30.06.2010 : 230 Kv- 2,647.3 circuit km
132 Kv -5,703.0 circuit kmSubstations as on 30.06.2010 23Oh32 Kv - 13
13233 Kv - 75Nos. (6,300 MVA)Nos. (7,844 MVA)
lranpower as on 30.06.2010 '1,977 Nos.Listed with DsE/csE glh October 2006
Value Added Statementfor the year ended lune 30,2010
I'ol
PGCB's Five-year Review
Dtvid.id per shac (carh & B.nut
4rcug fr6 colqlfl qd drqdlfixrfiEPOWER GRIDCOMPANY OF BANGLADESH LTD.
NOTICEof the 14th Annuat GeneraI Meeting
Noticek hercbtgiventoall.oncem.d thatrhe l4th AnnualGeneh M€ring (AG^4) ofshareholdets of Power Gid conpany of Sangladesh Ltd. wll bQ held on saturday, sFebruary20l I at lo:30 am ar'Barhundhara Convemion Cent./3lo.k6,Umme Ku sumRoad, Ba5hundhara Resideitial Area, Baidhara, Dhaka'1229 to tanra.t ihe folowingbusine$andadoptne.e$aryr€solutionr:
1. To rcceive,consider and adopt audited accounts for the year e^d€d 30lune 2010and O rcctor & Audito6 R€ports;
2.Io appove r{ommended bonus divldend and cash dividend 6ut of the pblits forrheyear ended June 30,201 0j
3. To eledr Diredor of the companyi
4. To appoint Audito6 ot the Comp.nytorthe year end 30June 201l, unti .dn.lu3ionof then€xtAnnual GeneFl Meetingand tofr xthenrcmuneEtion.
1) The "Re.ord Date^ w* on sunda, De.embe, 5, 2010 The sharcholdeGrhe Regi:ter ot Menbe6 of the conpany includrnq in rh. CDBL on ihe rc.od date w rl be
2)Any menbe,of rhe@f panyeiqia prcxy b anend and vote nhitherbehar.Th€prcryrmmduLyfired nandtigiedbythe
rmped mun be subnrfred at rhe cBhabai (Nd),4rh Fl@( 3/A, Ramni
3)Admi$ion torhe neetinq '@n wil b. on p'odudion oriheatundan.e dip lsenr wrh rh€
scd size (nunber or oidr miirmum 5
Appiafunofappmpiat€adudng
EficflqofinbroontrelsFbm
Abiitylo@nlin€asaooing@Mm
Hrghfighdngsignifi€ddwidionsircm|ad
Nunbd ot Boad M..disr (No. or BoadMsrngs hsrd md ahdanG bysh diE6r)
CORPORATEGOVERNANCE
BGdtoensu.e.ontiuityolnnim!m
Ary ohe, mate, (od dhe abNe ar)Repodinororheauhorres sEc (f anymara'ia
ope€rion. unieasonabt enoBd by th€
Fe@dins ro rhe sha€hord.B (d6dosur€ dacrii(ssorabourcoFm(shrhoaonua rcpon)
AppbGardf ysualoisetues(ioneby rhe
F i,i. ar nrdffia' oi srram (noie by he
soor keepi^e aid orher serutes (nona by sa
(none by rhe exbmar/ sraoro'y aldroa)
(none by rhe exbmar/ srarlro'y aldrorel
(none by rhe erbnar / sraoro,y ald roal
(none by rhe e{eifa| sbtro'y ald rorel
l , ,r i
comprl.nc. of s.clron 1.a 0)
d, KM G!,n and 1cM mi)'Di Md Hfliu, R*h! ls, mi)-
&dderi.Ammu Kab,(Emo)*'Mr Md tu htrtMu4hqDEdq)
Mr Md Ruhu Ami^ (Ma^as iq D @cbn 6
CORPORATEGOVERNANCE
. , , , . , .nd ) , 1. t 's I
{lD"fr-lt
?*:',t
-+. ' ;3;rl
f
Bismillahir Rahmanir Fahim.Hono!rable shareholdel'
At the fourteenth Annual Gene6l l\leeting of Power Grid CompanyofBangladeshLtd. (PGCB) lwelcome you on behalfofthe Board of Directors and on my ownb€halt I am presenting to you the rcport of PGCB3 oveBll pedo.mance andaudited a.counts for the financial year 2009-2010.
You know that PGCB was fomed to pla.. promote, develop, operate and maintainan inte96ted and efffcient powerfian5mis5ion 5y5tem netwo* in allre5pect5 tofullillthe demand for el€ctri.ity.lt al5o includes re5earch, design and engineeing,preparation of pelihinary tuasibiliiy and detailed prcject €ports.load dispatch,information technology and cohmuni.ation facility and co ordination ofintegbted operation of €gional, national and i.tehational grid systems. Thevhion and mission ofPGCB is to dellver quality power unintenuptedly to allthepeople of Eangladesh rhrough elfi cient nana9emenr
D.velopmeni otOrga.ibtion
P6CB with the help olan eftici€ntcontlnqent oi nanpower has been pefoming €tredivelyihe operation ol powq tEnsmi$ion synen th.ough our the counry. Erbblirhnenr ofEli.bl€ pder nansmisrion iyrtem by optihum uiiliztion ofmanp@€r and t<hnoloqy kthe main 5Eat€gry of thc <ompary.a he end of di&trsed financial ye.r lhat ir m 3o+20t 0tolal 1,977 otficer and iafi krc in the payroll o, the company ag.inr app.d€d pone ot2,541 manpder PGCS has €5tablBhed an a ofthe nate NarionalLod Disparch Cenne(NLOC) that dhmati.al y improved the power ftansmksion rysiem by CT and OPGW
a .evolutionary sep to enabkh modeh power management ingangladesh. The function of syn€m op.6toni load nanaq€ment and .ommunicationeynem arc all p€rfoh€d thbuqh Load Dirpat h Divition, T€lem.rering Divirion, EnergyM.mq€m.nr and hfomarion manaqemcnt syi€m Otvkion T€t€.ommlniorion Division.
P.rforman<€ of Op.r.tlon
O! ng ihe year 2009'2010, rhe company rraBhined abour 25,565 million kilMr h@r ofel<ti.ity to the difteB disrjbution e.tities rhough our Sanqladeih by its pow€.va nsh G sion netwo i( that ex.€ed€d previou5 y.a 6 24450 M kwh, I h.t k, abolt 4.56% mo rc.Thie quantity .ou d had b€en morc iltherewerc no geneclion sho l5tt. Hop€futty in thecoming yeau, generaton of electftity wil be increased when the on qoinq powergeneration projects would be .ompleted. lt k ako etpecred rhat quantity of pwernanshi5tion rculd alr b€ increa5ed in the yea6 to cona
Du ng the year 2009-2olo, mainrenance pbgram of whole Gnsmksion ry(en wa!st.enqth€ned like prevloui year5. Duing D*€mberMarch dry seaion, maintenance old ffereht lines and 5ub{6tions werc pedom€d und€randualmalnten.n<e prcgram.Owingto eft€ctive mainlenance, no major interupdon wae encountered except some mino.falhili 2009 20r0 frnanci.lyea, availability otlher and substations wet 99.97A%dnd9973%l.pprox.) €spdiwt aqaintt the toral rlanemi$ion iyi€n. Lansmi$ion lo$ was 3.0796,[email protected]),whi.hiralnona@ dclassrandad.
2!
, .ris:ttxtn : -: i r 4rlxi!sEst{'9.l
<D41 ' . ro 'n {pow. rq . .e .a t iond.d i id s r i ionrhough.he
tansmkrion netwo* from theyear 2005 2006 are malntained
ffi
stat stks ottGnsmission netwo* avaiabilnyllofr 2005'2006 to
thercpordngyear2009-2010 a@ qiven below inTab e2l
ffi
*ffi
&8
srdri.r!5 ortrdn.T$ion n.erup'ion rnd los ''or )00\-.00b
to rcporting yeaf 2009-2010 are 9iven inTable.3i
L
Duihg lhe .eporti4 ye...2009-2010 the nunb.6 ol ranrmktion tippan$ rerc .edu.ed but rheduElion wat in(re.sed slighdt Tnk had b6 pssi6le bt ih€ .ombined .fh.r of erp€d manpowerincluding LOC and ov€Ell efli.lent manaqem.nr ot $e aompany.There war rema able reduction oftian5ml55on lo$duri^q the reponihg year than the prcvou5years,ldat the curcnttranlm$lon o$ ka mo5r similarto that of intenational standard,
ft. iollowl.g lare...d $bJt lloB FF (ommlslon.d.fcr oBlrudlon dwing tt. EpcdlngF...g.hn nrioB d4lopm.d preirtr:
I fad] rared ialiable powr r.nsmis5
hh.|p€dinredKin€o€|ordjnqprchlemso'Xhu|m
su bnatio n and fa.i [a!.d rclrahle pwer ra 6m $ron n
h h.r nd*€d rh€ *lb.di.g pDbl€n or k.bnplrSuBtadon and rariribt€d ,.liabl. power pply n S.var
-II-lr hr been p.$ibl. ro '.du.e over Gdins ot e*ringa$ug.ij shahajib,ar doubh .n u it lift a.d n h.r rleNde pdsiblea..u ion ol more p.,er fiom sylh.t
n f.dllraed ieliable pow rainas
,., ," ."..-',, , l.ol
Ar the €nd of 2oo9-2or0 fin.n<i.l y€ar the following t.anrmksion Infi.nrudure were underop.ration and naintenan<e ol PG(a:
r. 230kVTranimissionLine5 : 2,6473Cncuitkm.2. ll2kvlransmB5ionLines : 5,703Circuiikm.l. 230/132kVsub *ations : ll numbeb(in.ludinqa
Tneyearwk€transnisjonintrartu.iureunderPGCB!j{ritdi.tionareshownb.low:
4. 132/3r lVSub {aronsrwit.hins nation) andCapacity 6,300 MVA.
: 7s numbeEand Capaclty 234-4 MVA.
NorsApartorrhe above infranru.ture war a.quned from BP0Band DESA bydfierentvendoraqreemena.
n the reported financialy€ar 2009 20t0, P6c3 biled wh& inq.harge @Tf,0.2263 ai 132 kv end and @Tk 0.2291 ar 33 kV end for ea.h kilowat hour to Bangladesh Powef Deveopmenr Board, Dhaka PowerDistlbution Company Ltd, Dhaka Ele.tn suppy Company Ltd., Pali Siddut Samitid and wen zonePower Distibuiion Company Ltd
Development of nanpower:
r s a.knowledged that hained effic ent maipower play maror ro to chive qoaB ofan or!anization
PGCB pereived this impoiancQ.For rhe sake oforganizatona improvement PGCB has been qoinq
.head wlth difi.rent t.ininq proqrams to have efficient manpower' Developmenr ot danpower tr
pos ble in rhis.omperitve world by poper urliz*ion ofulent and ntellqen.e t is a spe'ialzed
prc.en now a day5 The manpower engaqed in power tansmr
developmenr areirained by specialzed traininq in the.ountv and abroad The *tempi to 'ncrease the
.apabilty ofmanpower has been qoing on The profeslonalpeBons are invo ved ro implement rhese
poqmms. n the repoted year 2oo9 10, total 7,131 man davs were speit for the o'al and foreign
taLiiiq.Thetalnedofficerand*aftriewo nqwithnewzea ihat i5 a nrong add t on to rchieve rhe
ln the arena of s obalzaron deveopment of manpdwer i5 a demand ol time Traininq plavs an
important roletoenhan.e the wo,kinq efiicien.yand.apab litv ol ofticer and daltPGCB ha5 a(anged
different talnng (outres by spe(ialzed o.a and foregn tained nsprc ollimited infrastru'tuG ror
raining The tainees have qot opponunty io develop rhe I baie ofknowedge Mon emphaes was
q ven to taininq coures on operation and mainrenan.e ol tansnitson lnes tota qua tv
ma^agement (TQM), indu{ral reation, informatlon, technooqv intormaton management and
techni.r taining.TotaL52 taining programs were organized duing the repon.d vear 2009 2010
where 312 ofiner and naff parti.ipated The meitionabe trainiq (oure were operaron ann
maini€nance of tanrm$ion iner proqrammabe diqiia meterj reav a.d batterv load ten'ng;
.omplian.e in co,porare governan.e; hardware maintenan(e; dk.iplinarv
appl.atioi of roftwarerindunrla relation and abor law 2006;inventorv m,nagemenr; llber opti'
term naiand huhiplexerequipmenr andcorpoGte affa 6 manaqement
P6CB arunged fdGiqn na n n9 to a good number of off.ea and nafi durinq the finan.ialy€ar2009-10. Basicaly tla n ng was organized target n9 to a.qune knowledge on new p@jeft. n rhementioned y€ar23 na n ng programr were.onp ered.onsuming 390 nan days n aggregareT9peEonne pan cipated n foreiqi ta nins
Ih. moi signif i.anr k.inins in.luded rfi c lorrowing subje.B:
1r) M3nuf:c!uinqr32kvand3skvpower.abes.
B) carhnanaqenenrlreduryandlradesourion
14) sren q rhininq Manaqem enr
6) G,idope€rionand6 dManasemenr
16) r 32133 kv PowerThn$ormer
(r0) Ere.rk Synem Enqinerinq
At lean six daFtain n9 is planned for each pe60nnelon the bar . ofeliiinq poli.yoltheCompany.Aful nedg€d taining inn td on nfranrufturebuldinqisunderconsiderationioach eve that 9oal. t woud facilitate drqanizinq rcgular lraining pograms and a.hievinqtaqettoenhan.€rki I of the hanpowerolPGCB.
D.Elopment of into.n.rion khnologf
Frcm rhe wry b€ginni.g PGCB has ben trying relentlst ro a.hiere @Ell imprmm.nt ol th.qnd nturk ro mak a rr Elaa.t:.d pDfit ble o.goniation by 6h.ncin9 skill snc [email protected] ift@* Elirbilit r6nep.ren.y in erk. PG(B hae talen riep to d*lop iniomationrRhnology to achi4 th@ ndlegic g@h By 2021 Pc'CB wlll eam name and f.m as one of thcb$i e managedegovern€d, ll€nablq €-lilerale .onpany, The mentionable neps fotd€wlopm€ntof infoharionr*hnologyaE:
a)|ladopt€d Tpolicytoa.hi€verhktrcaE;
b)lmpbving website regula y;
.) Sian€ manag€d/egovernmentsyslem byimprcv ngand impl€menlationof Entep F
f) Prdidinq inr.met and mail l&iliry to persnnel in seryice and p@iding hard wa@i
g) hpdinq eounting rynem by Ar.ountinq sofMaR and
hllhininq ofonp{t{ op€..tion ro p€Eon.€|.
FINANCIAI PERFORMANCE
Ihe value ofgro$ fixed ase$ of the Company du n9 they€ar 2009 2010 wa3 Tk.70,439.14 milLion.Thenerfit€d a$erwaswo^hT1.33,333.27 milion.Thedebt equity ral o ofthe.ompanywar 7rr29. Durlng the rcpori^q year, P6CB paldto BPDBTk. r,447.3r m rlion and10GovemmentTk.1,463.56m I ionasDebtServl.€ Liability(DSL).
Duing FY 2009 20l0the.ompanyeahed agro$ rcvenueofT[s,35!3] mllion bywheeling of powe.andTk 7433milionfDm oprca libre leasing.The oth€r income wasTk1,057.4s milo^ Esutinq in a totalin.ome ofTk.6,937.09millon.The tota expenditur€ w.s n{.4,760.06 milion andihur the ner profit before tax wai Tk. 2,333.33 nillion.Durn9lhe yeailhe company earned a rctun of 10.40% onnet lircd asets. asets for Tk 2,420.00 milllon w€re addedto the a..ounts du€ to complerion of a few p@jecrs,6 aresu t more depre.iaton was chaqed during the yearMoreover inteG{ on p6je.t loaother hand,power generation did not increase ar desiredAs a rBUt,the piofit was de.reased.ompared to rhat oflan yeal h s expected thar with the increare of powerqenehtion in n€ar furure profii would be in.rcaFd sincethe Companyearned a p@fitand has mel the conditions olthe donor agenc es, payment of l0% cash dividend andr5qd bonus share ha5 been propo5ed for the year 2009
EHE@EEEffi
i
Auditofs' opin io n on finan(ia I stat€ments
E[ena ALd or AaNAB N Ch.dered Ac.ount.nts has subni.edln in . r n i t emen to f i he .onFany fo r theyear2009 .20 l0 n th .nop i i o rLu rn \a jo rpo i r t r rewonh m€ntoi nq The prop€r re! ner otr pant and nad, reryverin.iion.f liied rsec rnd nventory are ne.e$rry.J,at ly lurd ofrhe emDoyeet 5 ro bejepahted from (ompany tund and defacarion of money in ore proje.r The .onpany hrsev rua red the opnons q i v inq due i hpo ian . . and ha r cken upimpe i , ena r i onp ,o .e$Fo re ramp le ,TheBoa rdo fD ,e . t oEhas rpp ,oved lheT l i i r 5o lRcforene lIoR) for ei<,aqng i.onsulran.y firn wth knovredqe of.ondu.tng sinrla, ryp-".tworr for phys.a v€, f.at on of tied ares : rd nvenrory The E:pres on of ntercn lEo ) wr5pub rhcd n rhc ncwtpdpc , R .qu .n fo r P ,opo i (RFPIwa5 $ued to rew .ompane5 :ndsubse'rueN y RFP has been,ece ved The evaLu*ion ofsr d Rf_P i! ln prc.e; Thd wo,kord& to b.tsu.d to thc so.crve bdil., very shonly. Or .ompleton of phyp 'ope rso l tw rebasedreq is re , , rhe req i s te ,andphy3 .a l ve r i f i . a ron , l b .nanc ined rc ! !any
A dEft tun deed has been approved by the Boarn of Dnedo6 fo, nri3q nlrgntu ty fuid.rhetuL€j ofgratu ty nud har been pr€pared and p aced ro the Board ro,vett nq.f rrJ idvise, hrs reen re.eived on dhn tuidoedsand tu es ror manaq n! rherund Iu i l be nD e en red on app ,ova l r , om Soardo lD ,edo !
A h rqe i i n . l n r . t . . sh de t : . * i n shu rd BaqhJbar iBoq id s rd rq r , r 2 r0L nd p,ored dur iq 0re f^. Dalon of a..ounts of 7009 I0 rwo in.tuny
.on'nitee5 hive been lormed one from marqenentandrheorherfrom boad nqu ry r qoiiOon Anr .un t o rd . tu . i t o i . i i bea (e ia ined . t t e r t reend o r nqu r y .
t.
Jq
Financing for Developm€nt Proje(t:
Afterfounding olPGCS,Asan Oevelopmenr Bank (ADB)had povided fi6t loan to mplement230 kVransmks on lin€ proje.t 1a$o.iared with Meqhnaqhal PowerStaton)under the I NtnihPower Pmiect loan n505 BAN (SF)l.ThereafteiADBfunded 60150km 230 kVran5mGsion inerng (onnru.tion ruroundinq Dhaka.ity and retting upsubstations undertenth powel pmjedoan (BANr73r). t also funded to .onrruct 3r2 km trannksion line and rubnations, underwen Zone Power Synem Oev€ opm€nt Pbje.r. ADB provided loan ro construcr Nationat LGdDirpat.h Centq shunt compensation by Capactor Bank Proj€ct. AD3 funded ihrce PGCBprc jec tsundersu*a lnabePowersec torDeveopne^ tP.ogramoanDur ing theyear2009 l0a.an agreemeniforus s 100,00 milion was s gned wnh ADB for funding ranrmission lide a^dsubnaton in Bangaderh tedtory againn Banqadesh India crid Interconnecton Prcject. naddition to ADS,manyother developmenr panner such as kfld, DANIDA, Nordic DeveopmenrFu^d, CIDA,llCA,Wo d Bank & EDCF have expresed then satisfa.tion and provided lund andcommitted to pbvld€ fu^d to important power transmission pq€ca of PGCB obseryinq iBend€avor zea and capacity ol proje( implem.ntation. Moreover, under supplie6 c,edit 8oq.aBarapukura and 3wadi'Baqhahari Line pojecls were construded by ccc, chna and TATAPowei India rcspect vely. A loan agreement with WB iqned for foreiqn.urcn.y fundinq toimplement Siddirganj Maniknaqar 230 kv ransmi5sion ine and substaron and th€ work is inpbqren. lfrp ementation ror voltage improvement of 24 gid subnationr thrduqh rea.tvepowercompenration upto600 meqav capa.iryhasbeen9oingonrhrcu9hkfl,vfundin9
Prot€ction of Environment:
PC(B h.n been folrowinq rhe rJw of the Innd on envnonmenial nru.s Jnd ru15 .nd dred ve5 otEnvronnid^r oep menr or rhe gov.rnhe durinq mpremenGtion or pcwer ranlnsron prore.rCare 5 r.k.n upro mnimize rdvebeeffe.a on homeneid, and er. Biren and tow andaro prefered in.ase or i<u 5it'an ror.onn,udion or new sub$aroh, so that cffod on livey hood of pcopc rndenvnonmerr .ould be avoid.d on the bass ol gude inc of Env'onmenr Depanmenr and ruidinqagen.y, Inn,ar Eiv onmenrat t:im'narion (tEo and tnvon,nenrat mDad Asesmenr tEtAr{udy a,e
rJde tocompens .n,e arr{red pe6on on rhe basi: ol th€ nudie5
Significant achievements in the tinancia I year 2009-lO:
n wo,k! of An,uqrn) shahajibazar i3t kv ring e. (ud u.rn\mtss onineo^ rr Auqun2009,ir wir.onrm sioned.fd has been in ope'{ion riMe rhen
r on .ompe( iono f conn rud 'o ro f r32133kvKhu lnJ l sou rh )6a l imr r subn . onand r3 t kvdoube.(u r ine,the f..lt.! wore comm$oned otr 16 Novchber 2009ind h.5 been in op"n.rioi in.c
I Afre' (onn'u( on ol No.gion N rmarpur rl2 kV tiig e (irc! r i,re20r0rnd ha! been n oper.nion sin.erhon Ihc rl2lrr rv Nanarplr $bnarion w.r.onnnbroned
n of .onn'ud'on and has beenrnop.rJronrn.enren.n ol Am nb.z.r srvr tl2ltv Ine Jnd ir2lrr kv subn.t on r savrr
were.ommss oned on 2l Apr l20r0and have boen n operar on \ n.ethen.t on r r iune 20r0 th. rhsni dih M:9urr rl2 kv 5in9 c.n(uit Ine and Maqura r32/:13 kv subndion
Futu re Development Plan:
rv and fefthledj
I
r"TrL" I
rhldi tuirhh .0 kv 'arm $ioi rh. p'oied.
13hsmd:) aod nd ! (&hiDmpr)r i r r r
Program of Development:
r0, e qht no.o' prcjedr unde, ADB rundine ind rour no. or prcjeds undernp aheii€d five p,ojedr 3frodq!
nifi.ant .ompleted p'o,edr ro .oo'dpower d diffbEnr ro.at on of the.ounetwoe rhR p'oje.r wa rakai up
The lirtofon going prcjedt.
A) Prcjedr nduded n ADPto,2009-r0yer'.. Nd on. ro.d Dnpi.h prcjed;
i and enension of exnthe subna
iion bycpa.rorban[1Pha* r],..rh@rmsm$ion neprcjed;
Bm s onrne PrctedlPhaer)sm sion inemd ds. ired abn*ion prcjedl
+ sidd lgmj Mm kf :qr a0 kv tusmtlion iie p,ojed
3l Prcjedrothe,thanADPlown andorhersourceorrund ns)l.r Amhbdd s.ur '3, rvratrmLson rine prcje!'r Noasao^ Nnnatpur r32 rvran5mnson rine prcjedl, Ashuq:nj sh:hrib:b, 82 kv 'iiq a
A<hievement oflso-9001:2000Quality Management system and continuation work:
In the year 200s rhe manaqemenr of PGcs made decision ro estabrsh r5o 900r:2000 quarirymanagement synem for nrengthen nq operation and maintenan.e, impove work qualty and ov.ralnanaqenent ofthe.ompany.rnlerna auditwas.onduded fvetimes durinq lanuary 2006 ro May 2007On completon of cetili.aton of audn thDu9h nternationa ly repor€d oiganization Bur€au Vartasceiifi.are 0ndia) private Lrd.at end of 2007 2003 fnanciaryea, pGcB gor so 9001:2000 cert f care. h sthe fi6r.ompany in power sector that 9ot the proud of SO 9001:2000 s€rvic€ provider re.oqnition lt snownyinqtoa.hieve so900r:2003 by20r0-2011
Position of PGCB at Share market:
The nominaliface)valueofeach PGCB share sTk 10000.On 2 7 2009 the ai tadinq pacewasTk.Tl6 25and on 30 6 20r0 the la* rad ng pri.e war r,02s.00 ar Dhaka sto.k Ex.hanqe.The over a lrend in thefnanc a yeai 2009 20l0,was upword but up and down of p,.e war ako observed in ditrerent t me anddate The pri.eofthe sha,eofPCCB nay berermed assrowinq and nab e whi.h dep.ts.onfiden.e ofpubl.coi..ri to theCdnpany.
A&nowledgement:
Al typeof help,caoperatidn and support of rhe sharehotder sa.knowtedge bythe Soard of
lriketothankon beha fofthe Soard of Dirc.to6 to the peronnelofthe Conpany to 5eruethe ra$igned rcspons bi irytowards achievementof deveropmenrof thecompany.
la so like to erpre$ my sincere gratitude and rha^k to Power Ovision, Minify of Power,Energy and Mi^eralRe5ouKet Ecommic Re atlons DivisionrM n 5try olFlnance;Minkry ofPlanning;Power aellr Bangladesh Power Deveopment Boad; Dhaka Power DkributionCompany Ltd, Wen zone Power Distibuton Company Limit€d; Rural Elecnificauon BoardjPBssi Dhaka Eecti. Suppy Cdmpany Lmlted; RUB Power Conpany Ltdj OtherGovernment Oepatment,Asian Development SankWor d SankEDCF;!SAtD;Kn/vrDanidalNDF;s DAillc4lDB and a lorherdeve opfrentpartne6;Se.urties& Ex.hanqe ConmilsionlOhaka&chitagongStockExdangesforthenadvice,gudancesupponandcoopehtioiinsu..€$fu advan.ementand ach evemQntof .ofr panyadivil es.
once again like to thankyou foryour kind preren.e in rhe t4th AnnualGeneG Meetifgofthe company.lwould now like ro request you to klndly consider a^d adopr the AuditedAccounls,Audirou neponand Di'edo6 ReporlorrheFinan.ialYe 2009.2010.
In.dd.lusion I pray to Alm thty A lah for.onr nued succe$ and prosperity of Power GrdCompany of Bangladesh Ltd.
On beha f offt€ BoardofDrecto6
fin:n.brnremei! dt Power crd c
temenl io. rhe y€ar rhef endedi:nd a ruhmdy of3i9nfi.ant
M:n.s€menrr R€sponsib tyto'ty of Bansaderh Lrd ts rerponsrb e fo
.onro r m:n:qehe detem n€
ou €lpodibiil, s (o erprcs an o natemens b*ed on our:udr werhthe 3an9 ade n:ndddi oiAudrtnslBsa).Those nandards
urer roobraii :ud reviden.eaboutrr5judem€nt n.rud ns ther,wherher due ro triud or
firc ai audit a so indudes evi uatn
ny doe'nor m:i aina prcper rcqri:.h ne,y radieiied rrcm &ngtader
sord IBPDB previous y PD8) ind Dh:b Power Dev-Aopnenr company lDpDc, prcvo$ty DESA)
a(ounrhq staidrd (BAt 36 €qu
on hd been doie ar
shwddi Baqhabti s 'ajqonq soqD ,Prcied aei storcrt {.ouil sh.
rthe e d.urcnr a(ountwd done whih rhe prcFd ws in
Pml{', the mmaeemmr saded thd a huqe .ash deia.ation haoun( wiriot be le$ rhatr the
n tlre Balir to, Oua iriAd oPnionoflhe rinancb Position or Porer Grd
lune:0r0,and olis rin:n. a Perrom
prete fixed Aser regisrer non r€i nqa verfi.aton ofinvedorYW rh rhe P
nor ro.doins adurra valudionofqra
G)wehaveobb inada | ] l he in fomatonandeXpana ton lwhkh(o thebs orourauditand hada due va'rr.ar on thercor;
(bl n ou, op n on,prcp€, books ofi rept byrhe.ompany 50 rarditippearedfdnodesh nar otrorrhoQbooks;
k) rlr. comp.ny s baraice iheei :nd
ld)lheeipendriu'ein.red wdro,th€ prposesoltheconp:ntr busne$
ACNAEINChartered A.<ountant5
"ru?rK ftu coHlff qd drqell(hrl lfu
ft4efnr.dnd€meft +qudbeE?dh.onjundon
Balance Sheetasat30lune2010
-1)ern.61 i,ra2ri,rii
17,1es,141,76e
1,1n,625,14ei
1!! 4'r.3J!'t7211!!At6
, l
ajiria-t dl
cn3uK fiu G'Iqrfi qa arRsRrrTrA'
M.d''frni,(&ftrq)
Profit and loss Accountfor the year ended 30 June 2010
\s.4!artt!.r
ruUKfigCoHIfrqddlsqloTfu
Po,Fr.dtunmdqe.osroi:
Pioi,.r .djunnem on e@ud or:
Statementfor theyear
ofchanqe5 in equitvended {o June 20ld
flrBgK fru CoF{rfi qd arqqrcmlq8
G$Fdblpple6@dFdq'e6Plq*' !c
Statement ofcash flowsfortheyearended 30 June 2010
/k44/L-
.\\\t\\.\..\_
1.. u- ct 6rrn*!.id juden.ncq u i 6 h i n a g € d . ' o n * € l d q m € i '
lPdeftsrnd!, i io6dhei
,ud9n4aidltheGryingva!6d
D.t,.d||.b'|9'o19,{u|98idH'n.dl.e
Fd.|gi.unfityfuni.ed|dir.'db.ddli.l
t. tltnlrlonr | (ooni lng poli.i€s
Phnr and m*hiFry bub'Erior and tansmkion rh6)
csr reded b prcl€(r idudhq.i!dsen, eKhaiqe 6'/1sah)
.6'd Nedore 5 ddsnined bys i
C,$,id(Ih4uvJ6BonFjIdGihd?d.ilbtrbEb'conF'yfrtho(aryGnlidbn
:mudor'h.b||g'bnfrdnion'dd
| n t q m h r . t F g @ n F B ( m t : n n i d i n l h e @ f f l i n d | o g6bbn5ddgni{ddid{yiiqui9,
:r, :id ,ny idjum.d 'd bi payib e i
nc ie' mrhod providinq 6r Gn@6
u , d ' t h l u a l g l b l . e A F d l o b r p f l ' d t o l h .rmF4 ditRn6 *h dq drd hrd on rF h* rbr k kn etu d ibb.i*d&'.nbyfurtrhgdiEr}6dt
ied by 'hs efr. bx
c e { e d l h , h l ' d o b r d e $ d f u f u a t
rsPo8t oh.k Powa oinibudon comFpplycompn'ft'ldko'auinfuhd
&d . | (mgnonop l i JFb lc .dG, :nRnPbm!dd3a ' !H6hr .
, fir.l€Ps) dd. ror tu o'drBry srerb'diddingftmlploftl.,s.Fl.nibftdebodiDryih.4holdeAbylh.
Fdd.:lfudiihilbnabdlh
.djunne.rd5 aE di<ros€d h rh. rG $.n M.rj
, wh.trt mjo. d*s or
b,wrng .on trhdis b Fift6 dn:
6E@roFnio4l'6h!cB.cdlundsrh<+iddii@Gr
ri'5.|i9bbp.d dnedJo'g^919Enelorg&m6B'rne.Ig|b||lg3dd.,mi.d
r,11,r odmi dbdb P6 hnvHdtu d)
r.1s sqhtr Pdr hnniPibi rud (wPF)
mpany.5p@6lund{bboubwa06ch
NOTES
ItoFtq!o
o i q d e ] u h f f i e b K
4'prcp.iy,pl.m:nd.qu|pm.nr
adjunmenfrbisre, b a*t
LM.di&qhrtd i nEdj 34cr€dnLrbi I i.lNoFzo r)
Myn$lhghjrydehpulTansmGsionLhe5y hd{iaijibaa.A$uqonJ raijnBs oi rine
c mdi AacdhbnFoundaionl6MoR.nqpudft@r€6nr5iotrrhe{Nrore.Raj$ahrr32er )
5iddiqoo-Mai kqoil ,r0 KvraiimBs oi rine
sMh sa khuq:il r t &r€funb5 or the
) &esiotr or r 32 Kv sub.n*ion d Aduq,n,shajibrm toi.huqanj : id s,lhd 60 Mw Rsb towd
) Meehoaeha -^mhbaar 4o Kv RPP
9,1hetsh.h]b.a,&.hmanbaia4o0KVrLssshab e Pds De opmsr P,ojd 6PSDP)
rh'€e r6fun 3 on the lMdsueihenaid
e {8ay ddedion df Hd pu)
hdG+wa'diB4GBrBpului.ransmtsionLieA*lqooJamum 3,idq&snabonl rbnrmkion L iesnaeuru'bBogl+si?dpufuigPurEtrmison|heK,birpd ranqiirsiajeonj16Emissioi rine
-- '"e.,o,ot6,l
I I
the {.ouNs reerabh tom trDB hd b4i f! yadiuned
------2.:1,t1$la__r,31?,!?3D69
Fso€ab e Eon cc.lProtd I
& 0 n a r o B @ r a . o ' q a ^ ; F . E
rh.bre:f,upoflhepddupsh}eapjhR}foow5:
cra$rdo'oiollh.chode6b'hodiq
!oh :oro l ro run€@
.6bl
tr,"d.ol r fi;-.-d
|eiYed'omtkGtrmne'ldlhfo@F^ of Gd {u(y .r.hn $. dedopmnr p,oF.r.
quiy i. r€.F d&wbEd proid!
6' hndd ro @ rh. ru,prur rqid ,.rdid tGoB
Kh! m Lhwiidirbnn <rdn L ie lrara p@qtA*us:nj ,iBjedj rBEn $o^ I ru lrc &sejof)
riw.di&qh:6,i si6j@', &9n sHrL
a\ueaothqrraM !9@ ! r [email protected]!bd
!t9zt!i!!t!L
72
n*,'""'*;
__!E!!Ee!
d (!h FurliqarrsiGjqonj tunf $rdn L ied) sh'adi Baqhabri siajeoni soqarce l h u c + w d d i B 4 G s G p d f a r a n s n s ] o n L r clarhueonj !m!ia&dqejeajqonj(nrrconneld,Lie)
h) Nro. P@ted Nr6Er bad DLp{.h ce
i)sddiqoilM:i h:9' 2r0 e rtr.oE Prcje.t
ad I q/adjunnd duhe rhe rd
dd0DAcdor6sD)
edrdd/djunned doios ih. y.t
B.rri.r-droru& cn'dd.t t +a).___J@Eltg
l'kiydfun|rcnaPoa
ilrtmi@h rkomm*iim dd,btred*eont sr.tm PDroDI.d r,d
m h, torrodon.ichiesdlq.d 'lhd Di6d
5rhha* &0.rr2(v.nd6wTm mtsndeetunry.
,.^s@dbnfuN*
rnPhde Bhuh.rqn*lu,.id M.nrteonl r 3zn e sub{b{on & €bd r6fim <on rhe.
thediLgiddbm5'lisnol.dlh*lhe
rrr kh.n$ e fidu.don rc{c||i)ftkrcorcaitb€igiorercy*hrig.oBrd o w*5 or dfiercnr e,ohou r4s:h)[email protected]
II
196$,350)
nr cfrPqdoi Aeenq) r@i j Eo'd.
cw (Kcdiasbk Fur w€neulrbau) ro
ni&ei.y) oi t 'eoded n:nd whei doiomr Re ar oB DiBion cRD) 6r m*
4dewopmeit or hid and
I Itond) oir r Eqded d and rhen d $!
15. D.f.tr.d Liabiri9- sduiry
5undryqpertes{f .. fred€bon60&09
20, r-labrlld.e fo' oih.r lin'neDeP6irq* trhd idanqonj
coitc.666men^(udly,deilidnmdnry
Rdoman.esu6itee(Nde ?03)
siajeqj d4€230(vr€ijmBonrhe proie<w*ompecdonroG 2ooAs a resul: P,ojed conpbt oi Report {K
'oiebyl6emanagemedaid:iolhqbyth€BoddofDleldr' lh
Haiibid amhhli roiji r ne frojcd rc@r rodH,Rirb.d am nh-' ronei r ie frojed r^D3 roi: i 7n I
^$uqiij areaadd! &dq. sirei!1^iuq'ij 5iijeiq no rvl rNiptsn b or iaDs ron i st^iuq'ij siijqiq no rvr G & sejonq) raD3 roift i st
htFdrdqi s r,tqoilPqe( lr(r h,D coe
14j14:!4qq r4l:art!1
d 4 d b y $ e l o m p i i y d w e 4 d { q
II
2e, E:rnins ps3h:n IEP5)- b.n.
,0.n.r.r.d tsnyrnmrdloE
32. Ewn .fi.r b:hne 'hsd dar.
[email protected]!appova drherodhdhheA6^r,$ebr€k-
coniru<tion Conrrad Agreement has been eigned duringth€yearforthe workt
;"",;,,,,"*;,",,,";; -., ' ',,.***
conrurr.yfortea!ib! tynudyof Badsa shor:
s i m o . h l d l r r 0 l v r a i i m $ o i
omm nioi nq (rot2)forordarpon Dh.ra univ.r.ry(New o.aronsdmoshj d) rr0kVftnrmtslion ine
suppryof nee poreandea4hwre
Bhe6mra ind.ansmRs oi riN Baiqrddesh part of
and sidd rq.njR€nh PowerPians
Detail rialui of on 9oin9 development prcj*ts d(ring the year 2oo9-tor 0.
l,Narioi.rLo dkp'r.h.€.r.{NLDG):
b) Mak nqea.h pow€,plani:ndiubnaron.ommed:llyprofisbedEnabishlnq.onhun crionamon
c v wo,kr in. udi^q.ontot buitding.
Prcj{ta drraka r.106.50 mi ion
2'conaudion and en€.ion of snd subsdion indudtng ranenit'ion ti.ef..itirr8:
,ro meet (he grcwins dem:nd otpowersrahmanbaia and Gonamai ex.
D.udrdnd Meqhnaqhal Munsh 9anr,
b) Redu.inqoverload nsof Aminba4iRanpur.,Haripur,com h,Ndhajar a
.) Redu.ins tun5mB on tos of over
anqladesh;si.m€BLid ndra;ccc,chinalts!'tT yoFd' \ o,ABBttd
Pmjed aid:Iak. [email protected] m n on
ADB r CAand Govehnen, ofBangraderh
a) con*'udion of r32113 kv 5ub5brio6 d Daudkand,Meshnaqhar, Mun$i9ani,
b) conradion of 35 km ran5m s ond Etenr otrof 2r0lr32 kvsubsbtionsrAminbaaiRampuG andHarpuld)tuenrion of 230132kvrubnaroff aiconirlaand Hathaz .e)t{ensioi olt32/33 kvrubndoira!Ba3nabad.
t)irE. t n,nr$ron (1trl lh. pbld
.l .dn.sh.r^nrnbsr.oo wrtuhi3tid rh. [email protected] ith.Gl l:
a) To met qwins dem.nd.fr@s an chud.nga, Ma9u6,i.ipudat and
b, fiedu.ing llg loadins ollhifid.hafieg6odlhaluEd suh.rio6c) A.dwinq hnsnnsion rdr orenll hnhhtrn ,Frs,
kvsub6crionratch@drn a,M.9uo,loipu'n*and
HG PNea Jva ayria lnd CCC, Ch na.
Pioi<:nd rar,2,21e.70 nl on.ADB and c*mftnr or S.nshde$
.l To .EuE powr nod M.ghfsh.t pdr plrd ro st &. otDh.r:.b)RedG€ hsmilj:@ lo* or*Bll rBMirion rri€n
, connrudion ol solm 400 kv nansmhron llne.b) Consrud on of4 nos of 230 kv bayr d Meqhnaqhd & Amlnbaai
,v or smsns & H.ib..lqr(oE.
PEle( aidlL1,543.50 m 06.
ADBandGemmentor3.n9 adeeh
5 ) Am ln baz.rordarryod 2 3okv 'ansmirjo. rine .nd asodat d 3ub*arion ,rc,*.:
,To3uppyleliablypoweratrd(omerrh"s., "sd".".d
r"*,b,,r"rDh"k"b) Reducinq tanrmtssion ros of orer
a)cotrrrudonof r0knin. udiE 6kmund€q,olnd.abb2rokviaDnDson
b) (onnrudton of r 5 rm r 32 kv undac) co.nrud on of2ron 32/33 kv c s 3ubnation ar otd Aipon.d)connrudionorrr2/3r kvG 9(bndion atcanronmenrand Dhaki !tr vsr ry
rof ccc.ETERNrstemens,Gemany,s
;;.;;,. ;; ;-Prcjed a d raka 3,725.20 mi rion
ADB aid coremmentorsanqhdesh
5)ranrirdM.fi .ien.y Inprcw
a) Eisur n9 rcriabl. votrase lever and
a)Tdar 6m meqavar.ap:.iror banks
Pror€.taidTaka r,3e3.00 mit on.
-i-ii-
230 kvtan,nkri.n lineFbie4:
Eveual on ol power nom !dd rcanj powerp.{Tomeetlheqrcw nspowerdemand orManiNnaqarand adlo n nqarcd
llI
;
,:
r rhe a )codnrudonor r r km r l 0kv t :nsm $ 'o ib)Cointudion ol 23o/B2kV2r,25MVAAr5
*t'."T,; , r ida
!
i{3 rion ol6P:.ito,banrs2i15
r.",;*",f-
f",-*s-'-
"f R-d
L
tr-"."*"t
s) shunr.ompenr.iion,r grid subnarion bv.tpa.itor bank (Phase{
I a r u"n;" "**rt"
*t"e" *er a, d rie,enr poinb or power tansm $ion
bl n.rear nq <ap:.itY or meqawdt fl
. Redud ondr'Dn,mtrs oi rorb, red(nq m€eder rloll
Jv . fABBt ld "d " *dE" .q ,p -E"
l
IPrcled3draka31640mi on.
In .rldlrion to rne .bov. rh. dd€lopment Fd( by PGGE ..d orlEr.ou@ or tund in.lud. thc folldins:
1, Anlnb.ars.nr r32 w n nrfrhron liE Nj*
,) To m€ srcwins p()@ demrnd of sryar a€.b) To rcdu(e mno.d n9 pdbrem or K
a) conn.udion or r 3km 132 rvb) conndion of savr ! r2l33
Iv ot c(c FnnN, \Fftnr G.'rury Sremehr Ind'a.5'eftnr Lrd, !.n9hd6h
,lNors.on.ni.m{purr!rrvr.nrnk,r.nrinrDbl..r
r)|.(sserclabiliryorpMrryn.m [email protected]) Redu.e owl@dinq prcbl.m oa N(gsn .obndion.,) Conn.udim or43 km 132 lV tanemknon ine.b) ConslMion ot Niaturpur 13283 kv.uBtaiion.
, Redud on of over oad of ein.nq Ashusani.sh.hajiba?rtarmtss onb)roiMesepowe,wa.udionGpa.ryinerdstlhdt€
:haj bazr r t' v ranlmts< oi
t A3hueani.thdi46" rD rv3ineh.nui' kddnkdonrin.Prcjd'
4) Pwe' d,.uarion ot 1i35o Mv pow€r tranE:
tor the iew y.onr:d€d Renraland PubLn
a)conn,uc( onor<hotrd nan.€ r32
b) Connrudion orrhon distan.e 132
trEtrE
Auditors:ACNABINChartered Accou ntantsBDBL Bhaban (13th Floor)12,Kawlan Bazar Comm€rcial Area,Dhaka 121s,Bangladesh.
Sonali Bank LimitedJanata Bank LimitedAgrani Bank LimitedRuoali Bank LimitedUttara Bank Limited
Mercantile Bank LimitedStandard Chartered Bank Limited
Bankers:
d:y'
\i1K
tf' \
ie
BAY OF BEN
.;r'.{
