ADB TA 4626-BAN: Corporatization of Bangladesh Power Development Board

The TA involves detail planning for corporatization of BPDB. This includes devising key strategies for evaluating assets; establishing a viable financing plan; formulating personnel policies; organizing the transfer of assets and staff to the new company; organizing the voluntary separation scheme for eligible staff of BPDB; examining and organizing for the sale of BPDB’s shareholding in its affiliated companies; and implementing financial and management information system.

• Review the Memorandum and Articles of Association prepared for registration of the corporatized company, and determine what, if any, adjustments are required.

• Review the current legal and regulatory framework in Bangladesh applicable to corporatization of BPDB.

• Identify legal steps to be undertaken to transfer assets and personnel from BPDB to the corporitized company, and draft the necessary legal documents.

Determine what, if any, additional legal documents and/or instruments would be required to effect the corporatization of BPDB as a holding company.