Energypac Engineering Limited has exported 63MVA 132/33kV Power transformers and auxiliary substation equipment to Nepal Electricity Authority, under a contract valued at $2.4 million, said a press release.
This is Energypac鈥檚 first export since the Covid-19 pandemic.
The power engineering company has already commissioned 25 substations for the Nepal Electricity Authority under different electrification projects financed by the Asian Development Bank and the World Bank.
To mark this export milestone, top officials of Energypac have recently paid a courtesy call on Ghanshyam Bhandari, ambassador of Nepal, at the Nepal embassy in Dhaka.
The meeting discussed existing export-import scenario and looked into opportunities to further strengthen the bilateral cooperation between the two neighbouring countries through economic and trade cooperation.
As part of a broader month-long engagement campaign, Energypac has also hosted a series of events, including workshops, seminars and stakeholder visits at its facilities across Dhaka, which were attended by top officials from the Ministry of Commerce, Export Promotion Bureau and regional utilities.
鈥楢s we aim to recommence our international operations after the Covid-19 pandemic and diversify our export market, this shipment is a turning point. It holds particular significance not just for Energypac, but for Bangladesh鈥檚 engineering sector as a whole since it demonstrates the capabilities of the local companies to meet the demand of global market,鈥� said Rabiul Alam, chief executive officer of Energypac Engineering.
鈥榃e鈥檙e proud to take Bangladeshi engineering beyond borders and into critical infrastructure projects across South Asia,鈥� he further added.
Prior to the pandemic, Energypac averaged $50 million in annual exports and was recognised with multiple national export trophies in the gold category for electrical and electronics.
