Bangladesh's Cabinet Committee of Government Purchase (CCGP) has allowed the BPDB to sign an agreement to buy electricity from two solar plants in northern Bangladesh.
Joules Power, the country’s first utility-scale solar power producer, will set up one of the two plants, with 20 MW of capacity in Mymensingh district. BPDB will buy the electricity for $0.1069/kWh under a 20-year PPA. The BPDB will spend $69.36 million to buy power from the facility, said Sayeed Mahbub Khan, a parliamentary official.
The second plant is a 44 MW PV project under development by China-based Jiangsu Etern, Liz Fashion Industry, and Fuad Spinning Mills. It will sell power to the BPDB under a 20-year PPA for $0.107/kWh. The BPDP will spend $152.64 million to buy electricity from the facility.
Bangladesh currently generates 966.63 MW of electricity from renewables, with 732.64 MW coming from solar. The country aims to generate 40% of its total energy needs from green sources.
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