Who we work with in the sector
Power and energy in Bangladesh brings together a wide range of organisations: independent power producers selling electricity under long-term agreements, renewable energy developers, LPG and fuel distributors, engineering and equipment contractors, and the foreign sponsors and lenders who finance many of these projects. Each has a different relationship with the state, the regulator and the banking system, and each needs advisers who understand how those relationships work in practice.
Rather than describe individual engagements, which we keep confidential, this page explains where in the life of an energy business RRH is typically involved.
From project company to commercial operation
Most generation projects are developed through a dedicated project company. Our Business Set-up Services handle incorporation with RJSC, constitutional documents, bank accounts and the tax, VAT and import registrations needed before equipment arrives. During construction, foreign engineers and technical staff need employment visas and work permits, and their tax affairs must be handled correctly; our Global Mobility Services cover these requirements for employers.
As the project moves into operation, the focus shifts to accounting for the plant, the power purchase arrangements and the financing, with reporting that has to satisfy sponsors, lenders and the tax authority at the same time.
Audit, assurance and lender reporting
Energy companies carry judgements that deserve careful audit attention: the classification of power purchase arrangements, depreciation of major components, decommissioning obligations, foreign exchange on debt, and the recoverability of receivables from state counterparties. Our Financial Statement Audits address these areas directly and give lenders and boards a clear view of the risks behind the numbers.
Lenders and sponsors also ask for specific confirmations, such as covenant compliance or the use of funds, that sit outside the statutory audit. Development finance institutions in particular may set reporting formats and deadlines of their own. Planning these deliverables alongside the annual audit, rather than as separate exercises, reduces duplicated work for the finance team and avoids inconsistent figures reaching different stakeholders.
Distribution companies and fuel suppliers have a different profile, with high transaction volumes, collection risk and inventory losses that call for close attention to billing and stock controls.
Remittances and foreign sponsors
Foreign shareholders and lenders need to receive dividends, interest, loan repayments and technical fees from Bangladesh. Banks handling these payments, acting under Bangladesh Bank foreign exchange rules, typically require auditor certification of the amounts involved. Our Certifications & Attestation Services prepare these certificates on the basis of audited records, which helps avoid delays at the point of remittance.
Because RRH can support a power business across set-up, people, audit and certification, sponsors deal with one firm that already understands the project’s history.
Related RRH services: Business Set-up Services, Global Mobility Services, Financial Statement Audits and Certifications & Attestation Services.