In a bid to enhance ratio of emissions-free generation in its energy mix, the Bangladesh government is condsidering replacing small-sized oil-fired power plants with new nuclear.
Despite investing US$605 million in Bangladesh’s energy sector during the last five years, the Asian Infrastructure Investment Bank has reportedly not supported a single renewable energy project, according to experts and environmental activists.
Chinese PV manufacturer Longi Solar has reportedly signed a deal to supply its HI-MO 5 series modules to Beximco Group’s 200 MW Teesta Solar Limited project. The EPC contractor has also been identified as a consortium comprising India’s Rays Power Infra Private Limited and Zetwerk Manufacturing Businesses Private Limited.
The majority of the finance for the $177 million, Jamuna river project will be provided in the form of soft loans from the Indian government and officials are reportedly already planning a second 100 MW facility with a Chinese firm on nearby land.
The nation’s central bank this week said the special funds built up by domestic lenders to maintain stock market liquidity could be used to purchase sharia-compliant ‘sukuk’ green bonds which made their debut last month.
Singapore’s Cyclect Energy Pte Ltd is on track to receive approval for the installation of a 50 MW solar PV power plant in Bangladesh’s Chuadanga district in the western part of the country.
The Haryana-based renewables company, which is part of a bike and motorbike manufacturing conglomerate, will be paid $0.1025/kWh by the Bangladeshi government for the electricity that will be generated by a 50 MW plant in Khulna district, with the power purchase deal running for 20 years.
The tax and duty rate levied on imported inverters leapt 26% in July after the authorities in Dhaka removed a dispensation from full rates that had been applied to the products.
A government spending committee has approved the deployment of 80,000 home solar panels in the mountainous districts of Chittagong.
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