Two 120MW solar plants to be set up in Pabna, Mymensingh

Originally posted in The Financial Express on 06 January 2022

Representational Photo

The cabinet committee on government purchase during a virtual meeting on Wednesday approved the installation of two solar plants totalling 120-megawatt capacity.

It also extended the tenure of a gas-fired rental power plant.

By approving two proposals, officials said, the committee gave the Bangladesh Power Development Board (BPDB) the go-ahead to sign power-purchase deals with sponsor companies.

One plant with a 70-MW facility will be set up at Iswardi upazila in Pabna district and another 50-MW plant be established at Muktagachha in Mymensingh.

Both the plants got the all-clear under the Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2021.

Finance minister AHM Mustafa Kamal chaired the meet.

The 70-MW plant will be set up by a consortium of two Korean companies-Daehan Green Energy Co Ltd and HI Korea Co Ltd, and local developer Pabna Solar Power Ltd.

The plant will be set up on a build-own-and-operate basis on 182 acres of land.

The 50-MW plant will be developed by a consortium of France-based Total Eren S.A., Norwegian Renewables Group AS and Urban Services Ltd Bangladesh on a build-own-and-operate basis.

The BPDB will buy electricity from both the plants at $0.1015/kWh under a 20-year deal.

The meeting also approved extension of the tenure of a gas-based rental power plant of 40-MW capacity, owned by Venture Energy Resources Ltd, in Bhola district.

In the next four-year period, the government will buy electricity from the plant at Tk 3.809 billion.

Also, the committee approved procurement of 400 pieces of SPC (spun pre-stressed concrete) poles by the Bangladesh Rural Electrification Board (REB) at Tk 313.55 million from a joint venture of Castle Construction Co Ltd, and Poles and Concrete Ltd Dhaka.

Procurement of 25,000 tonnes of rock phosphate at Tk 814.93 million, import of 30,000 tonnes of bulk prilled urea fertiliser from Muntajat, Qatar, at Tk 2.467 billion, and import of 30,000 tonnes of bulk granular urea fertiliser from Distribution Limited, UAE at Tk 2.467 billion also got the nod.

Two proposals from agriculture ministry and one from road transport and highways division were also approved.