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.
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.
Multilateral lender hopes to leverage $212 million more from the private sector as falling solar development costs make renewables more attractive. A solar plant with a 50 MW capacity in Feni will be one of the first to benefit from the new funds.
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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