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Govt to buy 50 MW solar electricity

The government is going to purchase 50 MW of electricity from solar plant. In this connection an agreement has been signed with a Singapore based company on Wednesday at Biddyut Bhaban.

The plant is the largest power based plant in the country which will be national grid connected plant.  The plant will be situated at the Sutiakhali, Gauripur, Mymensingh.

Three Singapore based companies will finance for the project. Out of these HETAT Holdings will buy share of 65 percent, DITROLIC will 20 percent and IFDC will 15 percent.

The HDFC SinPower Ltd will implement the project. State-owned Power Development Board (PDB) will purchase electricity from the plant at Tk 13.20 a unit under no electricity no payment basis for a period of 20 years.

PDB secretary Mina Masud Uzzaman and HDFC SinPower Ltd chairman Ng Han Kok signed power purchase agreement (PPA) on behalf of their respective side.

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