The new generation facility was financed by the Asian Development Bank and built by Chinese company ZTE Corp. The project will sell power to the grid for $0.065/kWh, a record low for solar in the country.
The two nations are due to sign an MoU today to set up the capacity in the north of Bangladesh along with 50 MW of wind power facilities in the south, near the port of Payra. China will supply an estimated $500m with the host nation freeing up land for the projects.
A consortium led by Metito Utilities, JinkoPower and Al Jomaih Energy and Water has won a tender to build a 45-55 MW grid-tied solar plant with a bid of $0.0749/kWh — the lowest ever seen in Bangladesh.
The cash injection will itself help provide affordable financing for solar and other renewables projects in the power hungry south Asian nation. The national railways operator is doing its bit for solar too.
The second part of our hidden champions series head to Bangladesh, where rapid industrialization is driving increased electricity demand. Already a major off grid market, Bangladesh is seeing increasing interest from international investors and is taking the first steps toward realizing its formidable potential for large scale solar installations.
Minister unveils plan to install small-scale systems on all educational buildings as part of aim to generate 10% of power from renewables by next year. The program will be privately funded, according to industry insiders.
Big names in the running for 45-55 MW project in Chittagong as developers scramble to take advantage of an income tax exemption for clean energy investment that is due to expire this year.
The body responsible for the installation of more than 4 million residential PV installations has asked its government masters to provide interest-free financing for its program and Dhaka is considering the proposal.
Plans are back on track for what the authority intends to be the first of many solar installations, after potential bidders complained in January that the proposed contract was not viable.
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