Energypac Power Generation Limited (EPGL), a subsidiary of Energypac, has signed an agreement with Bangladesh Economic Zones Authority (BEZA) today at BEZA office in the capital for its upcoming project. As part of the agreement, BEZA will lease EPGL a piece of land at Bangabandhu Industrial City, Mirsarai Economic Zone for Energypac Steel Limited—a project which will draw a total investment of BDT 3989 million from EPGL.
Once completed, Energypac Steel Ltd. will specialize in steel processing and manufacturing shipping containers enhancing the capacity of Energypac alongside bringing in further excellence in steel engineering.
Paban Chowdhury, Executive Chairman (Secretary) of BEZA; Md. Harunur Rashid, Executive Member, and Mohammed Ayub, Executive Member of BEZA were present at the signing ceremony alongside Engineer Rabiul Alam, Chairman of EPGL. Mohammed Ayub and Engr. Robiul Alam signed the agreement on behalf of their respective organizations.
Talking about the project, Engr. `Rabiul Alam said, “As a local player, Energypac has heavily invested in the Energy and Engineering Sector opening up new business opportunities and creating employment. We believe, this is a timely investment which has immense possibilities as Bangladesh is setting examples in maintaining consistent economic growth over the past decade. We would also like to express our gratitude to the BEZA authority for land allocation and overall support.”
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