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SUBSIDIARY NAME

EMPIRE RISING STAR POWER I LIMITED

COUNTRY

BANGLADESH

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

ACQUISITION VALUATION

1.155 BILLION

TOTAL ASSET VALUATION

11.55 BILLION

TRANSPORT-AVIATION

Empire Rising Star Power I Limited: IIB-DG acquired Empire Rising Star Power I Limited on Mar 05, 2022 the purpose of project is to 1600 Mega Watt Gas/Rlng & HSD Dual Fuel Combined Cycle Power Plant or 2500 Mega Watt Solar(PV) Power Plant.. Total Value of the Project or Principal Amount which will be funded by IIB DG in Share Holder Agreement & MOU is $1.3 Billion USD but in Loan Agreement it will be $1.3 Billion USD to $2 Billion USD (The Value may change and increase if Construction Expenses go High or any other changes occur, provision should be kept and considered)

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