Dhaka, May 2 -- Khulna Power Company has resumed operation of two power plants on "No electricity No payment without any guaranteed off take" basis for 2 years effective from the date of resumption of operation.

In a stock exchange filing on Thursday, the company said, the Bangladesh Power Development Board (BPDB) has allowed to resume the operation of company's two power plants -- KPC Unit II 115MW plant, Khulna and KPC 40MW Noapara plant, Jashore for two years.

However, the company did not disclose the date of resumption.

Last month, these two power plants were shut down as the tenure of power purchase agreement (PPA) with the government expired on March 24 this year.

Khulna Power is the first Independent Power Producer (IPP) of the...