Aitken Spence Power initially won a contract to set up a 150MW plant in Bangladesh.
Bangladesh' Daily Sun newspaper later reported that a consortium led by Aitken Spence were among three investors selected to build a 50MW power plant at Bhairab in Kishoreganj district.
Bangladesh' state-run Power Development Board was expected to give a 15-year contract to the firm.In Sri Lanka the firm said it had connected a wind and hydro plant to the national grid.
Earlier the group had said it was building a 2.5 MW hydro power plant in Matale and a 3MW win plant in Ambewela, both in central Sri Lanka.
It was also awaiting approval for a 10Mw waste-to-energy project which will use solid waste collected by local authority in Sri Lanka's capital Colombo.
Ace Power runs a 100 MegaWatt thermal plant in Embilipitya. Aitken Spence also owns two 24MW oil powered plants in Sri Lanka. The the power purchase agreement for one has expired.