Chattogram-based Ocean Aid Services Ltd (OASL) plans to arrange foreign financing for Bangladesh’s power and energy projects worth more than $50 million under an engineering, procurement, construction and finance (EPC+F) model.
OASL Managing Director AHM Manzoor Alam said the company would connect bankable projects with qualified international investors and financing groups without investing its own funds.
The company is exploring opportunities in power generation, renewable energy and infrastructure, including utility-scale solar, gas-fired and hybrid fast-track power plants, transmission lines, substations, grid automation, supervisory control and data acquisition (SCADA) systems, smart metering, battery energy storage, fuel storage facilities and liquefied petroleum gas (LPG) terminals.
International financing groups prefer projects exceeding $50 million, with implementation periods of two to three years and an import component, according to the criteria OASL is working with.
Manzoor Alam said no project should be considered a committed investment until formally confirmed. Specific projects would be finalised through discussions with the relevant ministries, agencies or state entities.
OASL first aims to identify priority projects through official discussions with government bodies, followed by feasibility validation, term sheets and financing structures.
Under the EPC+F model, government support would involve designating a sponsoring ministry or state entity, confirming project priorities, validating documents and coordinating with agencies. Sovereign loan arrangements through the Ministry of Finance would also be required where applicable.
Manzoor Alam said local participation would be central, with OASL potentially working with ministries, utilities, state-owned entities, Bangladeshi companies, EPC contractors and suppliers, depending on the project.
“International partners will bring technology, engineering expertise, equipment, project management and finance, while OASL will handle local coordination and stakeholder engagement,” he said.
He said Bangladesh needed long-term capital, technology and project expertise to meet growing infrastructure demand, describing energy security and the clean-energy transition as complementary priorities.
The projects could create jobs during construction and operation, introduce modern technology and expertise, support local industries and stimulate economic activity around major infrastructure. However, the benefits would depend on each project’s size, structure and commercial performance.
Manzoor Alam cited Bangladesh’s additional electricity needs towards 2030 and the relatively small share of renewables in its current power mix as opportunities for renewable generation, grid upgrades and storage.
“OASL is committed to working within Bangladesh’s established regulatory and procurement frameworks,” he said.
