SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-57
NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS
Filed Under Section 33(a) of the
Public Utility Holding Company Act of 1935, as amended
Khulna Power Company Ltd.
Summit Centre, 7th and 8th Floors
18 Karwan Bazar CIA
Dhaka - - 1215, Bangladesh
(Name of Foreign Utility Company)
ITEM 1
Foreign utility status is claimed by Khulna Power Company Ltd. ("Khulna")
which has a business address of Summit Centre, 7th & 8th Floors, 18 Karwan Bazar
CIA, Dhaka - - 1215, Bangladesh. Khulna owns a 110 MW fuel oil fired barge
mounted power plant under construction in Khulna, Bangladesh ("Project"). The
Project will include 19 Wartsila 18V32LN engines with a net capacity of 110 MW
mounted on two barges. The Project will include two fuel storage tanks, and a
single circuit transmission line which will connect the Project to a substation
of the Bangladesh Power Development Board ("BPDB") so as to effect sales of
electric energy at wholesale to BPDB.
Khulna is a private company limited by shares which is incorporated under
the laws of Bangladesh. The Shareholders of Khulna are: Coastal Power Khulna
Ltd. (73.9%); Wartsila NSD Power Development (Asia) Ltd. (6.1%); Summit
Industrial & Mercantile (Private) Limited (10%); and United Enterprises &
Company Limited (10%).
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ITEM 2
Khulna has no domestic associated public-utility company.
ITEM 3
Communications in connection with this Form U-57 should be addressed to:
J. Gordon Pennington Carl E. Wasmuth, Jr.
The Coastal Corporation The Coastal Corporation
Suite 300, 2000 "M" Street NW Nine Greenway Plaza
Washington, DC 20036 Houston, TX 77046-0995
(202) 331-4615
The undersigned company has duly caused this statement to be signed on its
behalf and by the undersigned thereunto duly authorized.
DATED: October 12, 1998
By: /S/ ARUN SEN
Arun Sen
Managing Director
Khulna Power Company Ltd.
