With a view to mitigating the growing demand and low-voltage problem of electricity of the North-West region of the country, North-West Power Generation Company Limited was formed and incorporated on 28 August, 2007 under the framework of the Government Power Sector Reforms Policy as well as the provision of the Companies Act 1994. The Company primarily started its functioning with Sirajganj 150 MW Peaking Power Plant Project and Khulna 150 MW Peaking Power Plant Project and then Bheramara 360 MW Combined Cycle Power Plant Development Project. Within the shortest period after incorporation, North-West Power Generation Company Limited has become one of the leading power generation utilities in the country. At present, the Company is generating 3063 MW from 09 (Nine) power plants, which are as follows:

• Sirajganj 225 MW Combined Cycle Power Plant (Unit-1)
• Sirajganj 225 MW Combined Cycle Power Plant (Unit-2)
• Sirajganj 225 MW Combined Cycle Power Plant (Unit-3)
• Sirajganj 414 MW Combined Cycle Power Plant (Unit-4 Under JVC)
• Sirajganj 6.55 MW Grid Connected Solar Photovoltaic Power Plant
• Khulna 225 MW Combined Cycle Power Plant
• Bheramara 410 MW Combined Cycle Power Plant
• Madhumati 100 MW HFO Power Plant
• Payra 1320 MW Thermal Power Plant (1st Phase Under JVC)

For achieving technical and financial synergies including quick project financing and securing foreign direct investment in the country, NWPGCL has taken initiatives to form joint venture companies which are as follows: Bangladesh-China Power Company (Pvt) Limited (BCPCL) (A Joint Venture of NWPGCL & CMC, China) Sembcorp North-West Power Company Limited (SNWPCL) (A Joint Venture of NWPGCL, M/s Sembcorp Utilities Pte Ltd, Singapore & Sembcorp Bangladesh Holding Pte Ltd) Bangladesh-China Renewable Energy Company (Pvt.) Limited (BCRECL) (A Joint Venture of NWPGCL & CMC, China) North-West Power Generation Company Limited has already become competent and capable enough to incept cost-effective power generation projects of any capacity and any type of primary fuel. It has a schematic plan for installing coal-fired power plants, LNG-based power plants, solar and wind based power plants and so on. The Company hopes to generate over 9,500 MW electricity within 2030.