Dhaka, Bangladesh (CU)_ The Bangladesh power development authority has inked 20-year electricity purchase agreements with four solar projects and was also granted the highest price paid for clean energy in the country thus far for an island-based system that incorporates battery storage and diesel generating. Bangladesh’s government has agreed to purchase power generated by four solar projects with a combined capacity of 181 megawatts.
The state-owned Bangladesh Power Development Board (BPDB) has inked power purchase deals for a period of 20 years as the purchaser for electricity supplied by facilities with capacities ranging from three to sixtyeight megawatts (MW). The power provider will pay $0.102 per kWh to two of the projects, another will receive $0.106/kWh, and $0.25 per kWh to the smallest plant, which will feature battery storage and fuel to feed an island hamlet, which has negotiated the highest price ever provided for clean energy in Bangladesh
The biggest solar farm to receive official approval yesterday was one of the two projects proposed by the Bangladesh-China Renewable Energy Company Pvt Ltd, which is a collaboration between two countries’ state-runned organizations. The joint venture was formed in September 2020 to build 500 megawatts of solar power in Bangladesh, with Chinese investment in the project and Bangladesh providing land.
The BPDB has agreed to pay $0.102 per kWh for a 68-megawatt solar project proposed by the JV in Sirajganj district, in the country’s northwestern region, and $0.106 for a 60-megawatt solar farm now under construction in Pabna district. The engineering, procurement, and construction services contracts for both projects have previously been advertised for bids by Bangladesh-China Renewable.
