United Power to acquire United Energy

United Power Generation Company plans to acquire 99 percent shares of United Energy Limited (UEL) at face value, which is subject to necessary regulatory approval. UEL—a sister concern of United Group—operates a 53 megawatt power plant in Ashuganj and another 28MW one in Sylhet. UEL also has 92.41 percent equity investment in United Ashuganj Energy, which has a power generation capacity of 195MW.