ADB TA-4626 BAN: Corporatization of Bangladesh Power Development Board (BPDB)
Client
Bangladesh Power Development Board (BPDB)/ Asian Development Board
Country
Bangladesh
Value
US$ 22,000
The TA involved detail planning for corporatization of BPDB. This included 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.
Reviewing the Memorandum and Articles of Association prepared for registration of the corporatized company and determine the required adjustments.
Reviewing the then legal and regulatory framework in Bangladesh applicable to corporatization of BPDB.
Identifying legal steps to transfer assets and personnel from BPDB to the corporatized company, and draft the necessary legal documents.
Determination of additional required legal documents and/or instruments to effect the corporatization of BPDB as a holding company.