Moinuddin Hasan Rashid
Chairman & Managing Director
Moinuddin Hasan Rashid was born in 1982 in Dhaka. Upon completion of his B.Sc. in Electrical and Electronics Engineering from University College London (UCL) as Dean’s List Student, he joined United Group in 2005. On 12 July 2011 he was appointed as Managing Director of United Enterprises & Co. Ltd, and on 12 July 2020 was appointed as the Chairman of United Enterprises & Co. Ltd. in addition to his previous role as the Managing Director.
Beginning his career with Neptune Land Development Ltd. (NLDL), he moved onto engaging in the Power Division of the Group and lead the team that established the 1st and largest commercial IPP in the country, United Power Generation & Distribution Company Ltd. (UPGDCL). His notable contribution to the power sector of the country is not only limited to the establishment of these unique power plants at Export Processing Zones, he has also also successfully built and commissioned the 1st private distribution network in the country.
As a young and energetic entrepreneur, he marked his future through dedication, dynamism and foresight in shaping the Power Sector, one of the major enterprises of United Group. In 2011, Rashid oversaw commissioning of 208 Megawatt of power generation facilities under three projects in Khulna, Jessore and Ashuganj (Khulna Power Company Unit II Ltd, Khanjahan Ali Power Co. Ltd and United Ashuganj Power Ltd), among which the 53 Megawatt power plant in Ashuganj was commissioned in a record time of 120 days. Moinuddin Hasan Rashid established United Property Solutions Ltd., a leading real estate developer of the country, oversaw the development of United Land Port Teknaf Ltd, Bangladesh’s only land port with Myanmar till date.
In 2015, Moinuddin Hasan Rashid led the 195 Megawatt United Ashuganj Energy Ltd, the largest gas fired flexicycleTM plant in Asia, to successful on time commissioning, in the capacity of its Managing Director– which then went on to win the Gold Award at Asian Power Awards 2015 and the accolade of being Best Private Power Generation Unit (Large IPP) of 2016 in Bangladesh. For this USD 170 million project, he closed the largest term loan facility amounting to USD 58.5 million, till date, availed from World Bank’s IPFF program in Bangladesh, in parallel with establishing the precedence of ECA backed finance, amounting to USD 63.5 million, in a privately sponsored project in the nation’s power sector.
Currently Moinuddin Hasan Rashid is the Managing Director of United Power Generation & Distribution Co. Ltd. (UPGDCL), United Ashuganj Energy Ltd (UAEL), United Anwara Power Ltd., United Jamalpur Power Ltd. and United Power Solutions Ltd. (UPSL) and is a Director on the Board of United Hospital Ltd. (UHL), Khulna Power Company Ltd (KPCL), United Land Port Ltd. (ULPTL), United Shipping & Logistics Services Ltd., United Tank Terminal Ltd. among others.
Moinuddin Hasan Rashid acts as the Joint General Secretary of the Board of Trustees of United International University. He is the Managing Director of United Professional Services Ltd., Sir John Wilson School, Managing Director of United Energy Trading Pte Ltd, the Singapore based trading and sourcing arm of United Group.
Moinuddin Hasan Rashid also looks after new investments and business developments of United Group. He is presently overseeing the implementation and development of a blending plant (United Lube Oil Ltd.) and United City– a 300 acre mini township project at the heart of Dhaka. In 2018-19 time period he has led the implementation and thereafter successful commissioning of 3 power plants, United Jamalpur Power Ltd, United Mymensingh Power Ltd. and United Anwara Power Ltd, with an aggregate capacity of 615 MW.
As part of its commitment to the society United Trust was formed in 2010 to be the Group’s social welfare organ. Mr Rashid is an active member of United Trust, which among many other social development activity, patronizes around 24 schools and madrashas that educate more than 8000 students.