Khulna Power Company Ltd (KPCL) has announced that electricity supply contracts for two of its plants—KPC Unit II 115MW plant in Khulna and KPC 40MW Noapara plant in Jashore—have not been renewed.

As a result, power from these plants will be disconnected from the national grid, as per a directive from the Bangladesh Power Development Board (BPDB).

The company shared the information in a disclosure on the Dhaka Stock Exchange (DSE) website today.

"This means the end of electricity supply from those plants to the grid, and no renewal of the contracts for supply of electricity with the BPDB," KPCL said in the disclosure.

In a separate disclosure on the DSE website, the company posted a profit of Tk 1.98 crore in the third quarter of the 2024–25 fiscal year.

The company's earnings per share (EPS) reached Tk 0.05 in the third quarter, compared to a loss per share of Tk 0.10 in the same period a year ago.

KPCL attributed the turnaround to an increase in the share of profit from its associate company and a decrease in finance costs.

Its EPS for July 2024–March 2025 was Tk 0.13, up from a loss per share of Tk 0.06 in the same period of the previous fiscal year.

However, its net operating cash flow per share declined to Tk 0.81 for the nine-month period, down from Tk 3.21 in the same period a year earlier.

The company blamed the drop on lower revenue and poor collection of receivables from the BPDB.

As of March 31, 2025, sponsor-directors held 69.99 percent of Khulna Power's shares, institutional investors 8.92 percent, foreign investors 0.06 percent, and the general public 21.03 percent, according to DSE data.