2023 GPP Korean Company Participation Overview
This document summarizes the sector composition and consultation outcomes for 45 Korean companies that participated in the 2023 GPP (Government Procurement Program) invited-buyer consultation event. Participants were distributed across four sectors — construction and plant (15 firms), power and energy (12 firms), ICT and telecommunications (8 firms), and equipment and materials (10 firms) — and conducted a total of 120 one-on-one consultations with eight Bangladeshi procuring entities.
After the consultations, 32 cases progressed to MOUs or follow-up discussions (conversion rate 26.7%), and eight advanced to actual bid participation. In the power and energy sector, three contracts worth $25M were signed, making it the top performer at the 2023 GPP. This document serves as a sector-level benchmark for companies preparing to participate in the 2024 GPP.
Construction and Plant Sector (15 Firms)
Construction and plant was the largest participating segment, with five general contractors and ten specialized construction and engineering firms. The firms mainly consulted with LGED, BR, and BWDB, with strong interest in road, bridge, rail, and water-resource projects. Eight of the 15 firms already held Bangladesh contract experience, making this a high-expertise group.
| Category | No. of Firms | Consultations | Follow-up Cases | Bid Links | Key Procuring Entities |
|---|---|---|---|---|---|
| General Construction | 5 firms | 18 cases | 6 cases | 2 cases | BR · LGED · BWDB |
| Bridge and Road | 4 firms | 12 cases | 4 cases | 1 case | LGED · BR |
| Water and Environment | 3 firms | 8 cases | 3 cases | 1 case | BWDB · DNCC |
| Design and Supervision | 3 firms | 7 cases | 2 cases | 0 cases | LGED · BEZA |
| Subtotal | 15 firms | 45 cases | 15 cases | 4 cases | - |
Power and Energy Sector (12 Firms) — Top Performance
The power and energy sector held 40 consultations with PGCB and BPDB, recording the highest post-consultation conversion rate of 30%. Transformer and cable manufacturers, power plant EPC providers, and renewable energy companies participated, and all three signed contracts totaling $25M came from this sector. Bangladesh's rapidly growing power demand and the strong technical fit with Korean companies drove the outstanding results.
| Contract No. | Procuring Entity | Items | Value | Delivery Period | Firm Type |
|---|---|---|---|---|---|
| EPC-001 | PGCB | 345kV substation equipment | $11M | 24 months | Mid-size manufacturer |
| EPC-002 | PGCB | High-voltage cable supply | $7M | 12 months | Specialist manufacturer |
| EPC-003 | BPDB | 100MW gas power plant EPC | $7M | 30 months | Integrated EPC contractor |
ICT and Telecommunications / Equipment and Materials Sectors
The eight ICT and telecom firms mainly consulted with ICT Division and BEZA, with e-Government SI, data centers, and smart factory solutions as the primary topics. The ten equipment-and-materials firms were mostly small and mid-size suppliers of construction equipment, electrical materials, and measuring devices, and conducted broad consultations across multiple procuring entities.
| Sector | No. of Firms | Consultations | Follow-up Cases | Notable Points | Key Procuring Entities |
|---|---|---|---|---|---|
| SI and Software | 4 firms | 10 cases | 3 cases | 2 e-Government pilots discussed | ICT Division |
| Telecom and Network | 2 firms | 5 cases | 1 case | High interest in 5G industrial networks | BTRC · ICT |
| IoT and Smart Tech | 2 firms | 5 cases | 1 case | BEZA smart factory scope | BEZA |
| Construction Equipment | 5 firms | 12 cases | 3 cases | Excavator and crane leasing | LGED · BR |
| Electrical Materials | 3 firms | 6 cases | 2 cases | Cables and circuit breakers | PGCB · BPDB |
| Measurement and Testing | 2 firms | 5 cases | 2 cases | Quality inspection equipment | BSTI |
| Subtotal | 18 firms | 43 cases | 12 cases | - | - |