Doreen Power has decided to sell its last gasbased power plant as scrap, e f f e c t i v e l y shutting down its electricity g e n e r a t i o n operations from natural gas.
it will continue generating revenue and profits from its subsidiaries, which are heavy fuel oil-based power plants, until 2037.
according to a recent stock exchange filing, the company’s board of directors decided to sell all noncurrent assets of its Narsingdi 22MW power plant upon the expiry of a 15-year contract with the Bangladesh Rural Electrification Board (BREB).
the company also said it was not interested in renewing the deal.
the company has already sold its plants in Tangail and Feni after failing to renew contracts with the government.
the same thing happened with the third plant. Doreen Power started its business with gas-based power plants with a capacity of 22 MW each. However, no revenue has been generated from these plants since 2024.