2OO1-2O lO fr^,^^.

"1" RepDn

Present Board Directors !E of

(2009-10) trU Board Dire-ctors of

TopManaqement E PGCB a qlance E at

value 4d4ed !!q!eqel! IL

PGCB'5 Five-year Review IL
Notice the 14th of Annual General Meetinq IL
Corpgrate Governanc

(Benqali)llffl Directors' Repon Evenrs EIEEI (E!q!!tl Q!!q!tq.r!Report

Auditorsl lepol! Note5 the Financial to Statements
Financial Ratio

r r r

Construction Contract Aoreement Onqoinq Development Plqjects Auditors Banker5 & Proxy Form

g
@

Di Md. Harun-ur-Rashi

L Di Md, Hdn-uFF{ashid

Ksbir 2. MrAS.M.Aldmgn Anred, FcA b 3. Dr Jamaluddin 4 Mr Md.abuAlan Chowdhury

6. Engr S. M. Khsbi@man

7. Badsier M-Anamul Kabt Emm L Ensr Md.J.malUllah

Di Md. Ha.un-ur-Rashid

KhwajaGhulamAhmed

1 2 3 4

D LM d . l _ i a r u n R a s h d uF Mr Khwata GhuamAhmed MrASM AlamgnKabir M L M o h a m m e d W a Hd s s a i n ho

FCA 7. Dr Jana uddnAhmed, 3. DLS ShahnawazAhmed I Mn [,ld AbuAlm chowdhury lrEngrSMKhabruzzaman M KabnEmon 12.BarLsGr Anamul 1 3 . E n gM d .R u h uA m n L

ftr
^,^

Ct

6 g

lvlanagement PreeentTop

2 Mr Md.Sh@katHossain 3. Enqr. Md.MozammelHossain 4. ML Premendd KumarRoY

e3

PGGB a"T, a,
Corporate Oftc

ESTD. 996 I

Slatus
Aulhorisd Capilal Taka in Paid Capital Taka up in Tumover Taka in of2009-2010 Netorofitbeforetax & WPPFin
Takaof 200S201 0

(rEB) Institution Engineers of Bangladesh (New),3rd and4th Floor, Bhaban 8/ARamna, Dhaka 1000, Bansladesh. 1996 Public Limited Company TransmissionPower ot 10billion 3,643.58 million 5,929.64 million
2,338.38 million

TEnsmission as on 30.06.2010 230Kv- 2,647.3 Line : circuit km 132Kv -5,703.0 circuit km Substations on 30.06.2010 as 23Oh32Kv- 13 Nos.(6,300 MVA) 13233 Kv - 75 Nos.(7,844MVA) '1,977 lranpower on 30.06.2010 Nos. as

Listed DsE/csE with

glh October2006

Value AddedStatement
for theyear ended lune 30,2010

I'ol

PGCB's Five-year Review

per Dtvid.id shac(carh B.nut &

4rcugfr6 colqlflqd drqdlfixrfiE

LTD. POWER GRIDCOMPANY OFBANGLADESH

NOTICE GeneraI Meeting of the 14thAnnuat

Noticekhercbtgiventoall.oncem.d thatrhel4th AnnualGeneh Mring (AG^4) of shareholdets Power of Gid conpanyof Sangladesh wll bQheldon saturday, Ltd. s February20l lo:30amar'Barhundhara I at Convemion Cent./3lo.k6,Umme sum Ku Road, Resideitial Area, Baidhara, Dhaka'1229 tanra.t ihe folowing to Ba5hundhara busine$andadoptne.e$aryrsolutionr:

for 1.To rcceive,consider adoptaudited and accounts the yeare^dd30lune 2010 andO rcctor & Audito6 Rports; 6ut 2.Io appover{ommended bonus divldend cash and dividend of the pblits for rheyear ended June 30,201 0j 3.ToeledrDiredor of the companyi year 4.Toappoint Audito6 theComp.nytorthe end30June ot 201l,unti .dn.lu3ion of thenxtAnnual GeneFl Meetingand xthenrcmuneEtion. tofr

"Re.ord 1)The Date^ on sunda,De.embe, 2010 sharcholdeG w* 5, The on rhe Regi:terot Menbe6 of the conpany includrnqin rh. CDBL ihe rc.od date w rl be 2)Anymenbe,of rhe@f panyeiqi a prcxy anend b andvote nhitherbehar.ThprcryrmmduLyfired nandtigiedbythe rmped mun be subnrfred rhec at (Nd),4rhFl@(3/A, Ramni Bhabai '@n wil b. on p'odudion oriheatundan.e lsenr dip wrh rh 3)Admi$ion torhe neetinq

scd size(nunber oidr or

miirmum 5

Appiafunofappmpiatadudng

EficflqofinbroontrelsFbm Abiitylo@nlinasaooing@Mm Hrghfighdngsignifiddwidionsircm|ad

Nunbd ot Boad M..disr (No. or Boad Msrngs hsrd md ahdanG bysh diE6r)

GOVERNANCE

CORPORATE

BGdtoensu.e.ontiuityolnnim!m

Ary ohe, mate, (od dhe abNe ar) Repodinororheauhorres (f anymara'ia sEc operion. unieasonabt enoBdbyth (d6dosur Fe@dins rheshahord.B ro d acrii(ssorabourcoFm(shrhoaonua rcpon) ysualoisetues(ioneby rhe AppbGardf F i,i. ar nrdffia' oi srram (noie by he

soor keepi^e orher aid serutes(nona sa by (none rheexbmar/sraoro'y by aldroa) (none rheexbmar/srarlro'y by aldrorel (none by rheerbnar / sraoro,y ald roal (none by rhee{eifa| sbtro'y ald rorel

l,,ri

GOVERNANCE
comprl.nc. s.clron 0) of 1.a

CORPORATE

d, KM G!,nand 1cM mi)' DiMdHfliu,R*h! ls, mi)-

&dderi.Ammu Kab,(Emo)*' MrMd tu htrtMu4hqDEdq)

(Ma^as D @cbn Mr Md Ruhu Ami^ iq

. , , , . , . n d) , 1 . ' s I t

{l
D"

fr-lt
?*:',t

-+ . ' ;3;rl

Bismillahir Rahmanir Fahim. Hono!rable shareholdel' At thefourteenth Annual Gene6l l\leeting Power CompanyofBangladesh of Grid you on behalfoftheBoard Directors on my own Ltd.(PGCB) lwelcome of and bhaltI am presenting you the rcportof PGCB3 to oveBllpedo.mance and year audited a.counts thefinancial 2009-2010. for Youknowthat PGCB fomed to pla.. promote, was develop, operateand maintain powerfian5mis5ion an inte96ted efffcient and netwo* in allre5pect5 5y5tem to fullillthedemand elctri.ity.lt includes for al5o re5earch, and design engineeing, preparation pelihinarytuasibiliiy detailed prcject of and ports.load dispatch, information technology and cohmuni.ationfacility and co ordinationof integbtedoperation gional,national of and i.tehationalgrid systems. The quality power vhionandmission ofPGCB to dellver is unintenuptedly allthe to people Eangladesh of rhrough cient elfi nana9emenr

D.velopmeni otOrga.ibtion
P6CB the helpolan efticintcontlnqent with pefoming tredively oi nanpower been has ihe operation powq tEnsmi$ionsynen th.oughour the counry.Erbblirhnenr ol of Eli.bl pder nansmisrion iyrtembyoptihumuiiliztionofmanp@randt<hnoloqyk ye.r lhat ir m 3o+20t 0 the main5Eatgry thc <ompary.a he endof di&trsed financial of tolal 1,977 otficer and iafi krc in the payrollo, the company ag.inr app.dd pone ot 2,541 manpder PGCS 5tablBhed a ofthe nate NarionalLod has an Disparch Cenne (NLOC) dhmati.aly improved powerftansmksion that the rysiemby CT and OPGW a .evolutionary sep to enabkh modeh power management in gangladesh. function synmop.6toni loadnanaqment The of and .ommunication eynem arc all prfohd thbuqh Load Dirpat h Divition,Tlem.reringDivirion,Energy M.mqm.nr and hfomarion manaqemcnt syim Otvkion Tt.ommlniorion Division.

P.rforman<of Op.r.tlon
O! ng ihe year2009'2010, company rhe rraBhined abour25,565 million kilMr h@r of el<ti.ity to the difteB disrjbutione.tities rhough our Sanqladeih its pow. by previou5 6 24450Mkwh,I h.t k, abolt 4.56%morc. y.a vanshGsionnetwo that ex.edd i( quantity d hadbenmorciltherewercno geneclion Thie .ou sho l5tt. Hopfutty the in comingyeau,generatonof electftity wil be increased qoinq power when the on generation projects would be .ompleted. k ako etpecred lt rhat quantityof pwer nanshi5tionrculd alr bincrea5ed the yea6to cona in pbgram of wholeGnsmksionry(en wa! Du ng the year 2009-2olo, mainrenance st.enqthned prevlouiyear5. like Duing D*mberMarch seaion, dry maintenance ol lines 5ub{6tions d ffereht and wercpedomd undrandualmalnten.n<e prcgram.Owing to eftctive mainlenance, major no interupdon encountered wae except some mino.falhi li 2009 20r0frnanci.lyea, availability otlher andsubstations 99.97A%dnd9973% wet spdiwt l.pprox.) aqaintt the toral rlanemi$ion iyin. Lansmi$ion lo$ was 3.0796, rhatwarle$ihanlnatotp@iousyer12003.2009),whi.hiralnona@ dclassrandad.

2 !

< D 4 1 ' . r o ' n { p o w . r q . . e . a t i o n d . d is di i o n r h o u g h . h e ir tansmkrion netwo* fromtheyear2005 2006aremalntained

, .ris:ttxtn : -:i r4rlxi!sEst{'9.l

2005'2006 to statstksottGnsmission netwo* avaiabilnyllofr qiven below inTab e2l thercpordngyear2009-2010 a@

ffi ffi *ffi

&8

srdri.r!5 ortrdn.T$ion n.erup'ion rnd los ''or )00\-.00b yeaf2009-2010 9iveninTable.3i to rcporting are

Duihg lhe .eporti4 ye...2009-2010 nunb.6 ol ranrmktion tippan$ rerc .edu.edbut rhe the duElion wat in(re.sed slighdt Tnk had b6 pssi6le bt ih .ombined .fh.r of erpd manpower including LOC and ovEllefli.lentmanaqem.nr $e aompany.There rema ablereduction war of ot tian5ml55on lo$duri^q the reponihg thanthe prcvou5years,ldat curcnttranlm$lon o$ k year the a mo5r similarto of intenational that standard, ft. iollowl.g lare...d $bJt lloB FF (ommlslon.d.fcr preirtr: nrioB d4lopm.d F...g.hn oBlrudlon dwing tt. Epcdlng

-II-

lr hr beenp.$ibl. ro '.du.e overGdins ot e*ring a$ug.ij shahajib,ar doubh .n uit lift a.d n h.r rle Nde pdsiblea..u ion ol morep.,er fiom sylh.t

n f.dllraed ieliablepow rainas

powr r.nsmis5 ialiable I fad] rared

hh.|pdinredKino|ordjnqprchlemso'Xhu|m

pwer ra 6m $ron n subnation andfa.i [a!.d rclrahle

pDbln or k.bnplr h h.r nd*d rh*lb.di.g SuBtadonandrariribtd ,.liabl. power pply n S.var

, ,., ."..-',,l.ol ,"

Ar the nd of 2oo9-2or0fin.n<i.l yar the followingt.anrmksion Infi.nrudure were under op.ration and naintenan<eol PG(a: r. 230kVTranimissionLine5 : 2,6473Cncuitkm. 2. ll2kvlransmB5ionLines5,703Circuiikm. : l. 230/132kVsub *ations : ll numbeb(in.ludinqa rwit.hins nation) andCapacity MVA. 6,300 4. 132/3r lVSub {arons : 7snumbeEand Capaclty MVA. 234-4 Tneyearwktransnisjonintrartu.iureunderPGCB!j{ritdi.tionareshownb.low:

NorsApartorrhe above infranru.ture a.quned war fromBP0Band DESA bydfierentvendoraqreemena.

n thereported financialyar 20t0,P6c3biledwh& inq.harge 2009 @Tf,0.2263 132kv endand@ ai Tk 0.2291 33 kVendfor ea.hkilowathourto Bangladesh ar Powef Deveopmenr Board, Dhaka Power Distlbution Company Dhaka Ltd, Ele.tn suppy Company Pali SiddutSamitidand wen zone Ltd., Power Distibuiion Company Ltd

of Development nanpower:
r s a.knowledged that hainedefficent maipower playmarorro to chiveqoaBofan or!anization PGCB been qoinq has pereived this impoiancQ.For sakeoforganizatona improvement rhe PGCB ot Developmenr danpower tr to .head wlth difi.rent t.ininq proqrams haveefficientmanpower' pos ble in rhis.omperitve world by poper urliz*ion ofulent and ntellqen.e t is a spe'ialzed prc.en now a day5The manpower engaqedin powertansmr the in by traininq the.ountv andabroadThe*tempi to 'ncrease areirained specialzed developmenr rhese are .apabilty ofmanpowerhasbeenqoingon The profeslonalpeBons invovedro implement poqmms. n the repoted year2oo910,total 7,131man davswere speit for the o'al and foreign taLiiiq.Thetalnedofficerand*aftriewo nqwithnewzea ihat i5a nrong add t on to rchieverhe

ln the arenaof s obalzaron deveopmentof manpdweri5 a demand ol time Traininqplavsan and daltPGCBha5a(anged litv importantroletoenhan.ethe wo,kinqefiicien.yand.apab ol ofticer talnng (outresby spe(ialzedo.a and foregn tained nsprc ollimited infrastru'tuGror different rhe raining The tainees haveqot opponunty io develop I baie ofknowedge Mon emphaeswas q ven to taininq coures on operation and mainrenan.eol tansnitson lnes tota qua tv technooqv intormaton managementand ma^agement(TQM),indu{ral reation, informatlon, duing the repon.d vear 20092010 were organized techni.r taining.TotaL52taining programs where 312 ofiner and naff parti.ipated The meitionabe trainiq (oure were operaron ann of maininance tanrm$ion iner proqrammabediqiia meterj reav a.d batterv load ten'ng; dk.iplinarv .omplian.e in co,poraregovernan.e;hardwaremaintenan(e; llber opti' m,nagemenr; appl.atioi of roftwarerindunrlarelationand abor law 2006;inventorv affa andcorpoGte 6 manaqement term naiandhuhiplexerequipmenr

P6CB arunged fdGiqn na n n9 to a good numberof off.ea and nafi durinq the finan.ialyar 2009-10. Basicaly n ng was organized tla targetn9 to a.qune knowledge new p@jeft. n rhe on mentioned yar23 na n ng programr were.onp ered.onsuming 390 nan days n aggregareT9 peEonnepan cipatedn foreiqi ta nins

Ih. moi signif i.anr k.inins in.luded c lorrowing rfi subje.B:

1r) B) 6)

M3nuf:c!uinqr32kvand3skvpower.abes. carhnanaqenenrlreduryandlradesourion G,idoperionand6 dManasemenr

enr 14) sren qrhininqManaqem kv 16) r 32133 PowerThn$ormer

(r0) Ere.rkSynem Enqinerinq

At lean sixdaFtain n9 is planned eachpe60nnelonthe bar . ofeliiinq poli.yolthe for Company.Aful nedgdtaining inn td on nfranrufturebuldinqisunderconsiderationio achevethat 9oal. t woud facilitate drqanizinq rcgularlraining pograms and a.hievinq taqettoenhan.rki I of the hanpowerolPGCB.

D.Elopment

of into.n.rion

khnologf

Frcmrhe wry bginni.g PGCB ben trying relentlst ro a.hiere @Ell imprmm.nt ol th. has qnd nturk ro mak a rr Elaa.t:.d pDfit ble o.goniation by 6h.ncin9 skill snc 4du@ .ort ift@* Elirbilit r6nep.ren.y in erk. PG(B haetalen riep to d*lop iniomation wlll rRhnology to achi4 th@ ndlegic g@h By2021Pc'CB eam nameand f.m asone of thc neps fot b$i e managedegovernd, llnablq -lilerale.onpany, The mentionable dwlopmntof infoharionr*hnologyaE: a)|ladoptd Tpolicytoa.hiverhktrcaE; b)lmpbving website regulay; Entep F .) Sianmanagd/egovernmentsyslem byimprcv ngandimplmenlationof

f) Prdidinq inr.met andmail l&iliry to persnnel in seryice p@iding hardwa@i and g) hpdinq eounting rynem byAr.ountinq sofMaR and hllhininq ofonp{t{ op..tion ro pEon.|.

FINANCIAI PERFORMANCE Ihe value ofgro$ fixedase$ of the Company n9 the du yar 2009 2010 Tk.70,439.14 wa3 milLion.Thenerfitd a$er waswo^hT1.33,333.27 milion.Thedebt equity o ofthe ral pald .ompanywar 7rr29. Durlng rcpori^qyear, the P6CB r,447.3r rlion to BPDBTk. m and10GovemmentTk.1,463.56 m I ionasDebtServl. Liability(DSL). DuingFY2009 20l0the.ompanyeahed agro$ rcvenue ofT[s,35!3] mllionbywheeling powe.andTk 7433 of milionfDmoprca libreleasing.The income othr wasTk 1,057.4s milo^ Esutinqin a totalin.ome ofTk.6,937.09 millon.The tota expenditur n{.4,760.06 w.s milionand ihur the ner profit beforetax wai Tk.2,333.33 nillion. yeailhecompany Durn9lhe earned rctun of 10.40% a on netlircdasets. asets forTk 2,420.00 milllon wreadded to the a..ounts duto complerion a few p@jecrs,6 of a resu moredepre.iatonwaschaqed duringthe year t Moreover inteG{ on p6je.t loa generation not increase desired otherhand,power did ar Asa rBUt,the piofitwasde.reased.omparedrhatof to lan yeal h s expected with the increare power thar of qenehtion narfurure profiiwouldbe in.rcaFd since in theCompanyearned a p@fitand meltheconditions has ol the donoragenc payment l0% cashdividend es, of and r5qd bonusshare beenpropo5ed the year2009 ha5 for

EHE@EEEffi

I Auditofs' opinion on finan(ia statments

E[ena ALd or AaNAB Ch.deredAc.ount.nts has subni.ed N l n i n . r n i t e m e n t o f i h e . o n F a n y f o r t h e y e a r 2 0 0 9 . 2n tlh . n o p i i o r L u r n \ a j o r p o i r t r r e 0 0 propr re! ner otr pant and nad, rery wonh mntoi nq The verin.iion.f liied rsec rnd nventory ne.e$rry.J,at ly lurd ofrhe emDoyeet 5 ro be are jepahted from (ompany tund and defacarionof money in ore proje.r The .onpany hrs e v r u a r e d h e o p n o n s q i v i n qd u e i h p o i a n . . a n d h a r c k e n u p t impei,enarionp,o.e$Forerample,TheBoardofD,e.toEhasrpp,ovedlheTliir5ol RcforenelIoR) for ei<,aqngi.onsulran.y firn wth knovredqe of.ondu.tng sinrla,ryp-".t phys.a v, f.at on of tied ares : rd nvenrory The E:pres on of ntercn lEo) wr5 worr for pub rhcd n rhc ncwtpdpc, .qu.n for P,opoi (RFPIwa5 ued to rew.ompane5:nd R $ y RFP been,ece has vedTheevaLu*ion ofsr d Rf_P ln prc.e; Thdwo,kord& to b. i! subse'rueN tsu.d to thc so.crve bdil., very shonly. .ompleton of phy Or p'opersoltwrebasedreqisre,,rhereqiste,andphy3.alverifi.aron,lb.nancinedrc!!any A dEft tun deedhasbeenapproved the Boarn Dnedo6 fo, nri3q nlrgntu ty fuid.rhe by of ro, tuLj ofgratuty nud har beenprpared p acedro the Board and vett nq.f rrJ idvise, hrs reenre.eived dhn tuidoedsand tu es ror manaqn! rherund I on u i l b e n D e e n r e d n a p p , o v a ,l o mS o a r d o l D , e d o r ! o A h r q ei i n . l n r . t . . s h d e t : . * i n s h u r dB a q h J b a r i B o q ird r q r , r r 0 s d 2 p,ored dur iq 0re f^. Dalon of a..ounts of 7009 I0 rwo in.tuny L nd .on'nitee5 hive beenlormedone from marqenentandrheorherfrom boad nqu ry r qoiiO o n A n r . u n o r d . t u . i t o i . i i b e a ( e i a i n e d . t t e r t r e e no r n q ur y . t d

t.
q

Financing Developmnt for Proje(t:

Afterfounding povidedfi6t loanto mplement olPGCS,Asan Oevelopmenr (ADB)had Bank 230kVransmks linproje.t1a$o.iared Meqhnaqhal on with PowerStaton)under I Ntnih the (SF)l.ThereafteiADBfunded Power Pmiect loann505 BAN 60150km kVran5mGsion 230 ine (onnru.tion rng ruroundinq Dhaka.ity rettingupsubstations and powelpmjed undertenth oan(BANr73r). alsofunded .onrruct 3r2 km trannksion lineandrubnations, t to under wen ZonePowerSynemOev opmntPbje.r. ADBprovidedloanro construcrNationatLGd Dirpat.hCentq shuntcompensation Capactor by BankProjct. AD3 fundedihrce PGCB prcjectsundersu*alnabePowersectorDeveopne^tP.ogramoanDuringtheyear2009l0a .an agreemeniforus 100,00 s milionwass gnedwnhADB funding for ranrmission a^d lide subnatonin Bangaderh tedtory againnBanqadesh Indiacrid Interconnecton Prcject. n addition ADS,manyother to developmenr panner such kfld, as DANIDA, Nordic Deveopmenr Fu^d, CIDA,llCA,Wo Bank EDCF d & have expresed thensatisfa.tion provided and lund and committed pbvld fu^d to important to power pqca of PGCB transmission obseryinq iB endavor andcapacity proje( implem.ntation. zea ol Moreover, under supplie6 c,edit8oq.a Barapukura 3wadi'Baqhahari pojeclswereconstruded ccc, chna and TATA and Line by Powei Indiarcspect A loanagreement WBiqned for foreiqn.urcn.yfundinq vely. with to implement Siddirganj Maniknaqar kv ransmi5sion andsubstaron th workis in 230 ine and pbqren. lfrp ementation voltage ror improvement 24 gid subnationr of thrduqhrea.tve powercompenration upto600 meqav capa.iryhasbeen9oingonrhrcu9hkfl,vfundin9

Protction Environment: of
PC(B h.n been folrowinqrhe rJw of the Innd on envnonmenial nru.s Jnd ru15 .nd dred ve5 ot Envronnid^roep menr or rhe gov.rnhe durinq mpremenGtion pcwer ranlnsron prore.r or Care 5 r.k.n upro mnimizerdvebeeffe.a on homeneid, and er. Biren and tow andaroprefered in .ase or i<u 5it'an ror.onn,udion or new sub$aroh,so that cffod on livey hood of pcopc rnd envnonmerr.ould be avoid.d on the bass ol gude inc of Env'onmenrDepanmenrand ruidinq agen.y,Inn,ar Eiv onmenrat t:im'narion (tEo and tnvon,nenrat mDad Asesmenr tEtAr{udy a,e rJdetocompens .n,e arr{red pe6on on rhe basi:ol th nudie5

Significant achievements the tinanciayear2009-lO: in I

n wo,k! of An,uqrn)shahajibazar kv ring e. (ud u.rn\mtss i3t on ineo^ rr Auqun2009,ir wir.onrm sioned.fd hasbeenin ope'{ion riMe rhen r o n . o m p e ( i o n o f o n n r u d ' o r o fr 3 2 1 3 3 k v K h u l n J l s o u r h ) 6 a l i mu b n . o n a n d r 3 t k v d o u b e c s rr .(u r ine,thef..lt.! worecomm$oned otr 16Novchber2009ind h.5 beenin op"n.rioi in.c I Afre'(onn'u( on ol No.gion N rmarpurrl2 kVtiig e (irc! r i,re 20r0rnd ha! been n oper.nion sin.erhonIhc rl2lrr rv Nanarplr $bnarion w.r.onnnbroned n of .onn'ud'on and hasbeenrnop.rJronrn.enren. n ol Am nb.z.r srvr tl2ltv Ine Jnd ir2lrr kv subn.t on r savrr were.ommssonedon 2l Apr l20r0and haveboen n operar \ n.ethen. on t on r r iune 20r0 th. rhsni dih M:9urr rl2 kv 5in9c.n(uit Ine and Maqurar32/:13 subndion kv

Futu Development re Plan:

r"TrL" I
rv and fefthledj rhldi tuirhh .0 kv 'arm $ioi rh. p'oied.

rirrr
13hsmd:) aod nd ! (&hiDmpr)

Program Development: of
r0,e qht no.o'prcjedrunde, ADB rundine rourno.or prcjeds ind under
np aheiid five p,ojedr 3frodq! nifi.ant .ompleted p'o,edr ro .oo'd powerd diffbEnrro.aton of the.ou netwoe rhRp'oje.r wa rakai up

Thelirtofon goingprcjedt.
A)Prcjedrndudedn ADPto,2009-r0yer' .. Nd on. ro.d Dnpi.h prcjed; i and enension exnthe subna of iionbycpa.rorban[1Pha*r], ..rh@rmsm$ion neprcjed; Bm s onrnePrctedlPhaer) smsion inemdds. ired abn*ion prcjedl

+ siddlgmj Mm kf :qr a0 kv tusmtlion iie p,ojed 3l Prcjedrothe,thanADPlown andorhersourceorrund ns)l .r Amhbdd s.ur '3, rvratrmLson rine prcje! 'r Noasao^ r32 Nnnatpur rvran5mnson prcjedl rine , Ashuq:nj sh:hrib:b,82 kv 'iiq a

A<hievement oflso-9001:2000Quality Management system andcontinuation work:

quariry In the year 200s rhe manaqemenr PGcs madedecision estabrsh of r5o 900r:2000 ro management synemfor nrengthen operation maintenan.e, nq and impoveworkqualty and ov.ral nanaqenent ofthe.ompany.rnlerna auditwas.onduded fvetimesdurinq 2006 May2007 lanuary ro On completonof cetili.aton of audnthDu9h nternationa repord ly oiganization Burau Vartas private pGcB ceiifi.are0ndia) Lrd.at of 2007 end 2003 fnanciaryea, gor so 9001:2000 f care. s cert h provider the fi6r.ompany power in sector 9ot the proud SO9001:2000 that of srvic re.oqnition s lt nownyinqtoa.hieve so900r:2003 by20r0-2011 Positionof PGCB Sharemarket: at Thenominaliface)valueofeach share PGCB sTk 10000.On 7 2009 ai tadinqpacewasTk.Tl6 2 the 25 andon 30 6 20r0the la* rad ng pri.ewar r,02s.00 Dhaka ar sto.k Ex.hanqe.The a lrend in the over fnanca yeai2009 20l0,was upword upanddownof p,.e warako observed ditrerentme and but in t dateThepri.eofthe sha,eofPCCB berermed nay assrowinq nab e whi.hdep.ts.onfiden.e and of publ.coi..ri to theCdnpany.

A&nowledgement:
Al typeofhelp,caoperatidn support rhesharehotder and of sa.knowtedge bytheSoard of

lriketothankon beha fofthe Soard Dirc.to6 theperonnelofthe of to Conpany 5erue to thera$igned rcspons irytowards bi achievementof deveropmenrof thecompany. la soliketo erpre$my sincere gratitude rha^k to Power and Ovision, Minify of Power, Energy Mi^eralRe5ouKet and Ecommic atlons Re DivisionrM5tryolFlnance;Minkry n of Planning;Power Bangladesh aellr Power Deveopment Boad;Dhaka Power Dkribution Company WenzonePower Ltd, DistibutonCompany Limitd; Rural Elecnificauon Boardj PBssiDhakaEecti. Suppy Cdmpany Lmlted; RUB PowerConpany Ltdj Other Government Oepatment,Asian Development SankWor SankEDCF;!SAtD;Kn/vrDanidal d NDF;s DAillc4lDB a lorherdeve and opfrentpartne6;Se.urties& Ex.hanqe Conmilsionl Ohaka&chitagongStockExdangesforthenadvice,gudancesupponandcoopehtioiin su..$fu advan.ementand evemQntof panyadivil ach .ofr es. onceagain to thankyou like foryourkindpreren.e rhet4th AnnualGeneG in Meetifgof the company.lwould likero request to klndly now you consider adopr Audited a^d the Accounls,Audirou neponand Di'edo6ReporlorrheFinan.ialYe 2009.2010. In.dd.lusion pray Almthty A lahfor.onr nuedsucce$ prosperity Power I to and of Grd Company Bangladesh of Ltd.

On behaf offt BoardofDrecto6

fin:n.brnremei! dt Power c crd temenl rheyarrhef endedi:nd ruhmdy of3i9nfi.ant io. a

M:n.smenrrRsponsib tyto't y of Bansaderh ts rerponsrbfo Lrd e .onro r m:n:qehe detem n

ou lpodibiil, s (o erprcs an o natemens b*ed on our:udr we rhthe3an9 ade n:ndddi oiAudrtnslBsa).Those nandards

urerroobraii:ud reviden.eaboutr r5judemntn.rudns the r,wherher ro triud or due

firc ai audit soindudes uatn a evi

nydoe'norm:i ainaprcper rcqri :.h ne,yradieiied rrcm &ngtader previousPD8) Dh:b Power y sord IBPDB ind Dev-Aopnenr prcvo$tyDESA) company lDpDc, a(ounrhq staidrd (BAt 36 qu

on hd been doie ar

Prcied storcrt aei

s soqD , shwddiBaqhabti 'ajqonq {.ouil sh. rthe e d.urcnr a(ountwd donewhih rheprcFd ws in thd a huqe.ash deia.ationha oun(wiriot be le$ rhatrthe

Pml{', the mmaeemmrsaded

n tlre Balirto, OuairiAdoPnion or oflhe rinancbPosition PorerGrd lune:0r0,and olis rin:n.a Perrom

pretefixedAser regisrernon ri nq rh a verfi.atonofinvedorYW rheP norro.doins adurra valudionofqra

G)wehaveobbinada|]lheinfomatonandeXpanatonlwhkh(otheb hadadueva'rr.ar thercor; on sorourauditand (bl n ou, op n on,prcp, rept byrhe.ompany rar 50 books ofi ditippearedfdnodesh narotrorrhoQbooks; iheei:nd s k) rlr. comp.ny baraice wdro,th prposesoltheconp:ntrbusne$ ld)lheeipendriu'ein.red

ACNAEIN A.<ountant5 Chartered

Sheet lfu Balance ftu "ru?rK coHlffqd drqell(hrl asat30lune2010

-1)ern.61

i,ra2ri,rii
17,1es,141,76e

1,1n,625,14ei

,l

ajiria-t

dl

1!! 4'r.3J! 't7211!!At6

ft4efnr.dndmeft

+qudbeE?dh.onjundon

Profit loss and Account qa cn3uK G'Iqrfi arRsRrrTrA' yearended30June2010 fiu forthe

\s.4!artt!.r
M.d''frni,(&ftrq)

Statement ofchanqe5equitv in ruUKfigCoHIfrqddlsqloTfu theyear {o June20ld ended for

Po,Fr.dtunmdqe.osroi:

Pioi,.r

.djunnem on e@ud or:

flows ofcash Statement qd flrBgK CoF{rfi arqqrcmlq8 fru 30 2010 fortheyearended June

G$Fdblpple6@dFdq'e6Plq*'!c

/k44/L-

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9,1hetsh.h]b.a,&.hmanbaia4o0KVrL ssshab e Pds De opmsr P,ojd 6PSDP)

rh'e r6fun 3 on the lMdsueihenaid e {8ayddedion df Hd pu) hdG+wa'diB4GBrBpului.ransmtsionLie A*lqooJamum 3,idq&snabonlrbnrmkion Lie snaeuru'bBogl+si?dpufuigPurEtrmison|he K,birpd ranqiirsiajeonj16Emissioi rine

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I
tond) oir r Eqded d andrhen d $!

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siajeqj d4230(vrijmBonrhe As a resul: P,ojed conpbt oi Report {K

proie<w*ompecdonroG

2oo

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II

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roiji r ne frojcd rc@r rod ronei r ie frojed r^D3roi: i 7n I

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coniru<tion ConrradAgreement beeneigned has duringthyearfortheworkt

conrurr.yfortea!ib!tynudyofBadsa shor:
;"",;,,,,"*;,",,,";; -.,'',,.***

s i m o . h ld l r r 0 l v r a i i m $ o i

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Bhe6mra ind.ansmRs oi riN Baiqrddesh of part

andsiddrq.njRnhPowerPians

suppryof poreandea4hwre nee

Detailrialui of on 9oin9development prcj*ts d(ring the year2oo9-tor0.

l,Narioi.rLo dkp'r.h..r.{NLDG): b)Maknqea.hpow,plani:ndiubnaron.ommed:llyprofisbe dEnabishlnq.onhun crionamon

c v wo,kr udi^q.ontot in. buitding.

Prcj{ta drraka r.106.50 ion mi

2'conaudion anden.ion of snd subsdion indudtng ranenit'ion ti.ef..itirr8: (he dem:nd ,ro meet grcwins otpower D.udrdndMeqhnaqhal Munsh 9anr, srahmanbaia Gonamai ex. and b)Redu.inqoverload Aminba4iRanpur.,Haripur,com nsof h,Ndhajar a .) Redu.ins tun5mB ontos ofover a)con*'udionof r32113 5ub5brio6 Daudkand,Meshnaqhar, kv d Mun$i9ani, b)conradion 35kmran5m on of s Etenr otrof2r0lr32kvsubsbtionsrAminbaaiRampuG d andHarpul d)tuenrionof230132kvrubnaroff aiconirlaand Hathaz . e)t{ensioi olt32/33 kvrubndoira!Ba3nabad. anqladesh;si.mBLid ndra;ccc,chinal
ts!'tT yoFd' \ o,ABBttd

Pmjedaid:Iak. 4@0.00m n on ADB CAand r Govehnen, ofBangraderh

(1trl lh. pbld t)irE. t n,nr$ron

a)Tomet qwins dem.nd.fr@s anchud.nga, Ma9u6,i.ipudat and suh.rio6

b, fiedu.ingllg loadinsollhifid.hafieg6odlhaluEd ,Frs, c) A.dwinq hnsnnsion rdr orenll hnhhtrn

kvsub6crionratch@drn a,M.9uo,loipu'n*and
HGPNea Jvaayrialnd CCC, na. Ch

Pioi<:nd rar,2,21e.70 on. nl ADB c*mftnr orS.nshde$ and

.l

.dn.sh.r^nrnbsr.oo

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rh. D@J.d ith.Gl l:

&. otDh.r:.

.l To.EuE powr nod M.ghfsh.t pdr plrd ro st b)RedG hsmilj:@ lo* or*Bll rBMirion rrin

, connrudion solm 400 nansmhron ol kv llne. onof4nos 230 bayr Meqhnaqhd of kv d &Amlnbaai b)Consrud

,v orsmsns & H.ib..lqr(oE.

m PEle( aidlL1,543.50 06.

ADBandGemmentor3.n9 adeeh

5) Amlnbaz.rordarryod 23okv 'ansmirjo.

rine .nd asodat d 3ub*arion ,rc,*.:

,To3uppyleliablypoweratrd(omerrh"s., r"*,b,,r"rDh"k" "sd".".d b)Reducinq tanrmtssion oforer ros a)cotrrrudonof r0knin. udiE 6kmundq,olnd.abb2rokviaDnDson b)(onnrudtonof r 5 rm r32kvunda c)co.nrud onof2ron 32/33 c s 3ubnation otd Aipon. kv ar d)connrudionorrr2/3r 9(bndion atcanronmenrand !tr vsr ry kvG Dhaki rof ccc.ETERNrstemens,Gemany,s
;;.;;,. ;; ;Prcjed a d raka 3,725.20mi rion ADBaid coremmentorsanqhdesh

5)ranrirdM.fi

.ien.y Inprcw a)Eisur n9 rcriabl.votrase lever and a)Tdar meqavar.ap:.iror 6m banks

Pror.taidTaka r,3e3.00 on. mit

-i-ii-

230kvtan,nkri.n lineFbie4: powerp.{ nom!dd rcanj Eveual ol power on adlo orManiNnaqarand n nqarcd nspowerdemand Tomeetlheqrcw rrhe a ) c o d n r u d o n o r k r r l 0 k v t : n s m$ ' o i rm ol 23o/B2kV2r,25MVAAr5 b)Cointudion
,: ;

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oi ondr'Dn,mtrs rorb, red(nq mederrloll . Redud
i{3 rion ol6P:.ito,banrs2i15

tr-"."*"t

gridsubnarion bv.tpa.itor bank(Phase{ s) shunr.ompenr.iion,r

l
I

Jv.fABBtld"d"*dE".q,p-E"

on. Prcled3draka31640mi

In .rldlrion to rne .bov. rh. ddlopment Fd( by PGGE orlEr ..d .ou@ or tund in.lud. thc folldins:
1,Anlnb.ars.nr r32 w n nrfrhron liE Nj* p()@ demrnd sryara. ,) Tom srcwins of b)Torcdu(e mno.d n9pdbrem K or a)conn.udion r3km rv or 132 b)conndion of savr ! r2l33 \Fftnr G.'rury Sremehr Ind'a.5'eftnrLrd,!.n9hd6h Iv ot c(c FnnN,

,lNors.on.ni.m{purr!rrvr.nrnk,r.nrinrDbl..r
r)|.(sserclabiliryorpMrryn.mnBarandraa@. owl@dinqprcbl.moa b)Redu.e N(gsn .obndion. ine. ,) Conn.udimor43km132 tanemknon lV b)ConslMionot Niaturpur13283 kv.uBtaiion.

t A3hueani.thdi46"

rD rv3ineh.nui' kddnkdonrin.Prcjd' on on oad , Redud of over ofein.nq Ashusani.sh.hajiba?rtarmtss b)roiMesepowe,wa.udionGpa.ryinerdstlhdt oi :hajbazr r t' v ranlmts<

Mv 4)Pwe' d,.uarion ot 1i35o powr tranE: PubLn tortheiew y.onr:dd Renraland nan.r32 a)conn,uc( onor<hotrd orrhondistan.e 132 b)Connrudion

trEtrE
Bankers:
Auditors:
ACNABIN
Chartered Accou ntants (13th BDBL Bhaban Floor) 12,Kawlan Bazar Commrcial Area, Dhaka 121s,Bangladesh.

Sonali BankLimited Janata BankLimited AgraniBankLimited RuoaliBankLimited UttaraBankLimited Mercantile BankLimited Standard Chartered BankLimited

d:y'
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BAY BEN OF