Dhaka, Thursday, June 21, 2018 07:41 PM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
BPDB signs deal with Intraco to buy 30MW solar electricity

State-owned Bangladesh Power Development Board (BPDB) signed a 20-year power purchase agreement (PPA) on Sunday with local privately owned Intraco Solar Power Limited to buy electricity from its 30 MW grid-tied solar power plant.

Secretary of BPDB Mina Masud-uz-Zaman and Managing Director of Intraco Solar Power Limited Mohammed Riyadh Ali signed the PPA on behalf of their respective sides.

The company would supply electricity to the national grid within 13 months from the date of signing the agreement and start commercial operation of the plant in September 2018.

The plant Rangpur Gangachara 30-MW (AC) Grid Tied Solar Power Plant will be set up about 17-km away from Rangpur city.

Infrastructure Development Company Limited (IDCOL) will fund the project and the tariff of per kilowatt electricity of the project was fixed at 16 US cents which is equivalent to Tk 12.80.

However, the government will buy electricity from the plant on ‘No electricity, No Payment’ basis meaning that the company will only get payment once it sells electricity.

Intraco also signed an implementation agreement (IA) with the Power Division for the project as part of government`s move to increase the ratio of renewable energy in the country.

Speaking at the contract signing ceremony at Biduyt Bhaban in Dhaka, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said incentives to promote renewable energy would continue, as the government is trying to increase production and use of the green and clean energy comparatively at higher prices.

The state minister expressed his frustration over the delay in implementation of some other solar power projects.

Intraco managing director Riyadh Ali said his company has purchased 143.3 acres of land in Gangachara upazila of Rangpur for the project.         

The function was addressed, among others, by Power Secretary Dr Ahmad Kaikaus and BPDB chairman Khaled Mahmood.

 

Print Friendly and PDF

   You may also like

Category: Renewable
Nepal plans to sign deal to export power in Bangladesh

Category: Renewable
90 MW power can be generated from city’s waste daily: Nasrul

Category: Renewable
Debonair to buy power from MegaRoof’s solar project

Category: Renewable
President to attend Int’l Solar Alliance Summit in Delhi Mar 11

Category: Renewable
BPDB signs 200 MW solar power purchase agreement with Beximco

Category: Renewable
1 MW waste-to-energy power plant in 30 months

Category: Renewable
Trade panel: Cheap imports hurt US solar industry

Category: Renewable
IDCOL and Ricardo jointly organized conference on unblocking solar IPP investments in Bangladesh

Category: Renewable
World`s first floating wind farm emerges off coast of Scotland
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Renewable Stories
Nepal plans to sign deal to export power in Bangladesh
90 MW power can be generated from city’s waste daily: Nasrul
Debonair to buy power from MegaRoof’s solar project
President to attend Int’l Solar Alliance Summit in Delhi Mar 11
BPDB signs 200 MW solar power purchase agreement with Beximco
1 MW waste-to-energy power plant in 30 months
Trade panel: Cheap imports hurt US solar industry
IDCOL and Ricardo jointly organized conference on unblocking solar IPP investments in Bangladesh
World`s first floating wind farm emerges off coast of Scotland
BPDB signs deal with Chinese firm to build grid-connected solar power plant


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy

   Editor & Publisher: Aminur Rahman
   Copyright @ 2015-2018 energynewsbd.com
   All Rights Reserved | Developed By: Jadukor IT