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BARKAPOWER

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BARKAPOWER 27-Mar-2018

The Company has informed that their board of directors has decided to enter into the following agreements: 1. Baraka Power Limited has signed an agreement with Karnaphuli Power Limited to act as Engineering, Procurement and Construction (EPC) contractor of Karnaphuli Power Limited. The total EPC Contract price is USD 33.50 million out of which Baraka Power Limited is expecting to earn a tentative net margin of 3.00% upon completion of the EPC contract. (cont.)

BARKAPOWER 13-Mar-2018

(Continuation news of BARKAPOWER): Baraka Power Limited 's shareholding in Baraka Shaikalbaha Power Limited will stood at 46.01% aggregately. The required commercial operation date of Baraka Shikalbala Power Limited is 9 months from the date of LOI (i.e. 28.02.2018). (end)

BARKAPOWER 13-Mar-2018

The Company has informed that the Board of Directors has decided to invest in 20% Equity Shares of Baraka Shikalbaha Power Limited which is a HFO fired IPP power plant having guaranteed capacity at 105 MW. Baraka Patenga Power Limited has 51% shares in Baraka Shikalbaha Power Limited. By way of cross holding (with Baraka Patenga Power's 51%), (cont.)

BARKAPOWER 01-Mar-2018

(Continuation news of BARKAPOWER): at Shikalbaha, Chittagong for term of 15 years from the Commercial Operation Date (COD). Baraka Patenga Power Limited is a 51% subsidiary company of Baraka Power Limited. The required COD of the new plant is 9 months from the date of LOI. (end)

BARKAPOWER 01-Mar-2018

The Company has informed that Bangladesh Power Development Board (BPDB) has issued a Letter of Intent (LOI) to Baraka Patenga Power Limited and its Consortium vide a memo dated February 28, 2018 for implementing HFO fired IPP power plant having capacity of 105 MW on BOO (Build, Own, Operate) basis (cont.)

BARKAPOWER 04-Feb-2018

(Continuation news of BARKAPOWER): 15 months from February 04, 2018. Baraka Power Limited's subsidiary Baraka Patenga Power Limited has 51% shares in Karnaphuli Power Limited and Baraka Power Limited has invested in 25% shares of Karnaphuli Power Limited. By way of cross holding (with Baraka Patenga Power's 51% holding), Baraka Power Limited's aggregate shareholding in Karnaphuli Power Limited is 51.01%. (end)

BARKAPOWER 04-Feb-2018

(Continuation news of BARKAPOWER): Energy and Mineral Resources on the same day. The PPA is signed in connection to the issued Letter of Intent (LOI) to Karnaphuli Power Limited vide memo dated August 08, 2017 of BPDB for implementing HFO fired IPP power plant having capacity of 110 MW on Build, Own, Operate (BOO) basis at Shikalbaha, Chittagong for a term of 15 years from the Commercial Operation Date (COD). The required COD of the new plant is (cont. 2)

BARKAPOWER 04-Feb-2018

Referring to their earlier news disseminated by DSE on 09.08.2017 regarding Letter of Intent and Investment in New Power Plant in Chittagong, the Company has further informed that Karnaphuli Power Limited has signed the Power Purchase Agreement (PPA) with Bangladesh Power Development Board (BPDB) on February 04, 2018 and has also signed the Implementation Agreement (IA) with the Government of Bangladesh (GOB) represented by the Ministry of Power, (cont. 1)

BARKAPOWER 01-Feb-2018

(Q2 Un-audited): Consolidated EPS was Tk. 0.50 for October-December, 2017 as against Tk. 0.64 for October-December, 2016; Consolidated EPS was Tk. 1.16 for July-December, 2017 as against Tk. 1.42 for July-December, 2016. Consolidated NOCFPS was Tk. 2.16 for July-December, 2017 as against Tk. 4.12 for July-December, 2016. Consolidated NAV per share was Tk. 18.21 as on December 31, 2017 and Tk. 20.12 as on June 30, 2017.

BARKAPOWER 28-Jan-2018

Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating of the Company as "AA1" along with a stable outlook based on audited financial statements up to June 30, 2017, bank liability position as on December 26, 2017 and other relevant quantitative and qualitative information up to the date of rating declaration.

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