Intraco Solar Power has completed a 30 MW grid-tied solar power plant in Bangladesh.
With the finances of national utility the Bangladesh Power Development Board in disarray thanks to rising capacity payments for often-inactive conventional power plants, renewables offer the hope of fiscal sustainability, according to the Institute for Energy Economics and Financial Analysis.
The power development authority has signed 20-year electricity purchase deals relating to four solar projects and has awarded the highest price paid in the country to date for ‘clean’ energy, for an island-based system which includes battery storage and diesel generation.
Hero Future Energies wants to make India’s first contribution to grid scale solar in its northeastern neighbor. Plans for a 100 MW plant have been stymied by the power evacuation equipment available at the Khulna site.
Time is running out for the government to achieve its goal of universal access to electricity by next year but Dhaka has doubled down by allocating $26 million for PV panels in hard-to-reach areas.
Details are few at this stage, with a site for the big project still to be selected, although the Bangladeshi government has confirmed the tariff for electricity produced by the plant will be $0.095/kWh.
Through the procurement, the Bangladesh Power Development Board is seeking developers for the construction of grid-connected solar power plants on a build, own, operate basis.
With the nation’s net metering regime up and running for industrial generators, the government is trying to drum up interest and wants another 600 customers signed up by June, with the help of a soft loans program.
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