Dorin Power Generation and Systems Limited, a listed power and energy sector company, has announced the sale of land and production equipment as part of its non-current assets. This information was revealed by DSE sources on Wednesday (August 21).According to sources, the production of Dorin Power’s power plant located in Tangail was stopped from midnight on October 11 last year due to the expiry of the contract. Later, the Bangladesh Power Development Board (BPDB) or the ministry was approached to extend the power purchase agreement, but no response has been received so far. As a result, the company has decided to sell the 244.54 century land of Tangail power plant. The board of directors of the company has already approved in this regard.

Meanwhile, the Board of Directors of Dorin Power has also approved the sale of Tangail 22 MW Power Plant engine, accessories, substation equipment, building and steel structure along with land sale. In this regard a ‘Vendors Agreement’ has been executed between Rupsi Bangla Group with Doreen Pawar.

According to the agreement, Dorin Power will sell the equipment of the power plant for Tk 10.5 million. Besides, the power plant land will also be sold at a competitive market price.

Listed on the stock market in 2016, Doreen Power has three power generation plants across the country. Apart from Tangail, the other two are located in Feni and Narsingdi.

In November 2008, Doreen Power Generations and Systems Ltd started its journey through power generation. In 2010, the commercial production of both Northern and Southern power plants with a capacity of 55 MW started.