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27 January 2023

Business Insider Bangladesh

Saudi firm signs deal with BPDB to set up 1,000MW solar power plant

UNB || BusinessInsider

Published: 16:15, 29 November 2022   Update: 18:22, 29 November 2022
Saudi firm signs deal with BPDB to set up 1,000MW solar power plant

Photo: Representational

Saudi Arabia’s ACWA Power has signed a non-binding memorandum of understanding (MoU) with state-owned Bangladesh Power Development Board (BPDB) to set up a 1,000-megawatt (MW) solar power plant in Bangladesh.

Welcoming the initiative, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the investment and technology of the ACWA will help Bangladesh achieve its clean energy goal of 2041.

He said Bangladesh has been supporting renewable energy in different ways.

“The government has been working in a coordinated manner to promote renewable energy. State-owned Sustainable and Renewable Energy Development Authority (SREDA) is providing necessary technological support and consultations,” he said at the contract signing ceremony held at Biduyt Bhaban in the city on Monday.

Nasrul said application of modern technology is essential to overcome the land-scarcity related problem.

“We hope the ACWA will bring that solution which will help achieve our goal for 2041,” he added.

BPDB Board secretary Mohammad Selim Reza and ACWA Power business development department’s executive director Ayad Al Amri signed the MoU on behalf of their respective sides.

As per the non-binding MoU, the ACWA Power will provide technological and financial support while BPDB will extend its administrative support for the 1,000 MW solar power project.

With BPDB chairman Md Mahbubur Rahman in the chair, the function was also addressed by power secretary Habuibur Rahman and Saudi Arabia’s ambassador to Bangladesh Essa Bin Yousef Al Duhailan.


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