Dhaka, Sept. 16 -- The board of directors of United Power Generation & Distribution Company Ltd has decided to acquire two power plants of the United Group.

The power generation company has taken a decision to acquire 99 per cent shares of United Anwara Power Ltd (UAnPL), a 300 MW HFO fired power plant located at Anwara, Chattogram, effective on July 1, 2020 at net asset value (NAV) based on the financial statements as on June 30, 2020 of UAnPL.

United Power has also decided to acquire 99 per cent shares of United Jamalpur Power Ltd. (UJPL), a 115 MW HFO fired power plant located at Jamalpur, also effective on July 1, 2020 at net asset value (NAV) based on the financial statements as on 30th June 2020 of UJPL.

These acquisitions are su...