RZ Power Ltd. (RZPL), a subsidiary of Rahimafrooz, is the lowest cost High Speed Diesel (HSD) power plant connected to the national grid. RZ Power commenced operation of its 50MW diesel-fired power plant in Thakurgaon in September 2010 – the first local company to have done so. Within 2013, the plant is expected to provide approximately BDT 590 millions in savings for the Government of Bangladesh (GoB) compared to other companies supplying power to the grid from other HSD power plant. This was also the first rental power project in the country to be financed by the Bangladesh Bank’s dollar fund.
RZ Power’s project will be contributing towards reducing the energy crisis in Bangladesh. The company’s success in implementing the power project has set an example for other rental power companies and will help reinstate some confidence in local rental power companies