UAE to invest in 100 MW Bangladesh solar plant

Share

The United Arab Emirates will invest in a 100 MW solar plant in Bangladesh in a deal signed by Khaled Mahmood, chairman of the Bangladesh Power Development Board (BPDB), and Sheikh Ahmed Dalmook Al Maktoum.

Mahmood told pv magazine a 400-acre project site is yet to be selected, adding: “UAE officials will soon visit Bangladesh for [a] feasibility study and finalizing the site. [Locating] barren land is [the] main challenge for solar power plant [development] in Bangladesh.” The utility chairman said there are barren fields in the Feni district, in southeastern Bangladesh, where the plant could be established.

The government will pay a tariff of $0.095/kWh for electricity generated by the new facility, having slashed the tariff for smaller ground-mount projects from $0.22 to $0.11 for a 20 MW plant in September. Cheaper modules, technology and set-up costs have enabled solar to thrive regardless, with PV developers stating the higher tariff was acting as a brake on further deployment.

“Now, [the] solar price is almost close to [the price of] electricity produced from other sources,” a senior BPDB official told pv magazine.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

German authorities arrest Solar Fabrik CEO
18 July 2024 The German police have arrested Christian Laibacher, the CEO of German solar manufacturer Solarfabrik, in relation to an investigation by the Würzburg...