08/30/2023 06:58:39

Saudi firm to partner in Bangladesh’s largest solar plant

The Bangladesh Power Development Board (BPDB) will provide the land adjacent to the Rampal coal-fired power plant for the solar plant that will generate 300MW of electricity, sources said.

A joint venture led by Saudi-based ACWA Power Company is setting up Bangladesh's largest solar power plant in Rampal upazila of Bagerhat with an investment of $430 million.

The Bangladesh Power Development Board (BPDB) will provide the land adjacent to the Rampal coal-fired power plant for the solar plant that will generate 300MW of electricity, sources said.

Two private sector companies in Bangladesh – Comfit Composite Knit Ltd and Viyellatex Spinning Ltd – will also invest in the plant, which will run on the build-own-operate method.

ACWA Power, the world's largest private-sector power company, will hold a 51% share in the power plant.

Sources in the finance ministry have indicated that the tariff proposal for the establishment of this power plant might be approved during today's (30 August) meeting of the Cabinet Committee on Government Procurement. Finance Minister AHM Mustafa Kamal is expected to chair the meeting.

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