Having fallen far short of its ambition to generate 10% of its power from renewables by last year, Dhaka is preparing to reformulate its national clean power target.
The government will add modules and inverters to the list of imported products which must meet minimum standards. Charge controllers and batteries are already subject to such requirements.
Some 15% of the finance disbursed must fit the wider definition of being ‘sustainable’ and banks and other lenders have been warned penalties will be applied for non compliance.
Raach Solar and its Power Utility Bangladesh Ltd local partner have landed two contracts to supply more than 700 pumps in the north-western Bogra district, with the Asian Development Bank footing the bill.
The government has finally issued guidelines on how solar-powered irrigation system owners can be paid for exporting power back to the grid. However, for those who expect to have to use grid power to augment solar from time to time, there could be a sting in the tail.
Industry representatives call for a $59 million, five-year package of grants, loans and tax incentives from the government after Dhaka extended a coronavirus-driven industrial shutdown into the middle of the month.
Solar project developers and other component importers are among those eligible to apply for low-interest loans for up to 10 years. The government had already offered a $200 million credit line last year.
A scheme to install solar lighting and household power, as well as biogas and solar cookers and larger PV plants, has already driven deployment of more than 1.2 million systems. Now the government wants more partners to join the program.
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