Feni Lanka Power Ltd. (FLPL) a subsidiary of Lakdhanavi Ltd., Sri Lanka signed the Power Purchase Agreement (PPA) and Implementation Agreement (IA) with Bangladesh Power Development Board and Ministry of Power, Energy and Mineral Resources (MPEMR) for implementing an 114MW HFO based IPP Power Plant in Feni District. Thamaka Thimbiripola, (Director), from FLPL and Mina Masudu-zzaman (Secretary, BPDB), Sheikh Faezul Amin (Joint Secretary, Power Division) from BPDB and the Ministry graced the signing ceremony.

In 2016, the Government of Bangladesh decided to implement 10 new Greenfield HFO fired power plants of 100±15% MW each on Build, Own and Operate (BOO) basis in 10 different locations and called for international tenders by BPDB. Lakdhanavi secured the project of capacity 114MW which is to connect with 132/33 kV Feni Grid Substation.

Upon issuance of the Letter of Intent on 15 May 2017 by BPDB, Lakdhanavi Ltd. incorporated Feni Lanka Power Ltd. (FLPL), a Special Purpose Vehicle (SPV) for implementation of the project. Subsequently, LFPL singed the Implementation Agreement (IA) Power Purchase Agreement (PPA) with an 18 months project implementation period. Project is expected to be constructed on a land area of approx. 10 acres close to the Dhaka Chittagong highway in Feni region.