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GGHK Buyer Analysis: Baraka Power

Baraka Power Overview

Baraka Power Limited is one of Bangladesh's leading independent power producers (IPPs), developing and operating gas, diesel, and HFO-fired power plants. Listed on the Dhaka Stock Exchange (DSE), the company holds a meaningful position in the country's private power generation market.

At the 2023 GGHK Busan exhibition, Baraka Power's business division head met Korean companies in eight consultation sessions. The company showed strong interest in new power plant EPC packages, gas turbines, distributed control systems (DCS), and plant optimization solutions.

2006
Founded
Private power producer
600MW+
Generation Capacity
Total installed base
5+
Power Plants
Gas, diesel, HFO
$300M+
Revenue
Estimated annual
DSE
Listing
Dhaka Stock Exchange
300MW+
Expansion Plan
New-build pipeline
8
GGHK Meetings
With Korean firms
High
Interest Level
EPC, gas turbines

Power Plant Portfolio

Baraka Power Plant Portfolio
PlantFuelCapacityLocationOperating Status
Baraka PatengaGas200MWChattogramIn operation
Baraka SiddhirganjHFO150MWNarayanganjIn operation
Baraka KhulnaDiesel115MWKhulnaIn operation
Baraka FeniGas100MWFeniIn operation
New ProjectLNG/Gas300MW+TBDPlanned

Procurement Demand Analysis

New Power Plant EPC Demand
EPC Scale$500M+ (300MW combined cycle gas)
Gas Turbines2+ units, 100-150MW class
HRSG2+ heat recovery steam generators
Steam Turbine1 unit for combined cycle
Existing Plant Maintenance
Maintenance Cost$30M+ annually (all plants)
Parts ReplacementTurbine blades, bearings
DCS UpgradeReplacement of aging control systems
Efficiency GainsThermal efficiency optimization consulting

Participation Strategy for Korean Companies

01
Propose an EPC Partnership
Korean EPC contractors can position themselves as construction partners for Baraka Power's planned 300MW+ combined cycle gas plant. Korea Enerbility, Korea E&C, and Korea Corp E&A could deliver an integrated gas turbine, HRSG, and steam turbine package. Linking the offer with project financing from the Export-Import Bank of Korea (KEXIM) would improve commercial competitiveness.
02
Supply Gas Turbines
Korea Enerbility's gas turbines, including the DGT6 series, fit the 100-150MW demand range indicated by Baraka Power. A proposal that combines competitive pricing against GE and Siemens with Korean government-backed infrastructure financing would strengthen bid prospects.
03
Replace DCS and Instrumentation Systems
Plants that have operated for more than a decade are likely candidates for DCS modernization. Korean suppliers can replace legacy control platforms and add remote monitoring and predictive maintenance functions to improve plant reliability and operating visibility.
04
Offer Operational Efficiency Consulting
There is room to support Baraka Power with thermal efficiency improvement, fuel cost reduction, and maintenance optimization. Korean firms can leverage KEPCO's overseas generation know-how while introducing digital twin and AI-based predictive maintenance solutions.

Cooperation Flow with Baraka Power

Baraka Power Cooperation Flow for Korean Companies
GGHK Meeting
Confirm interest and priorities
↓
Technical Meeting
Discuss specifications
↓
Financing Package
Link with KEXIM support
↓
EPC Bid
Submit proposal
↓
Contract and Mobilization
Build a long-term partnership

Baraka Power remains one of the more relevant counterparties in Bangladesh's private power market. For Korean companies, the most promising entry points are new-build EPC participation, turbine supply, DCS replacement, and operational efficiency services. Success will depend on combining technical credibility with a practical financing structure.

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GGHKBarakaPowerPowerPrivatePowerBuyer
GGHK Buyer Analysis: Baraka Power | Dhaka Trade Portal