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27 October, 2017 00:00 00 AM
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Teesta Ltd signs deal with PDB for 200-MW solar plant in Gaibandha

STAFF REPORTER
Teesta Ltd signs deal with PDB for 200-MW solar plant in Gaibandha
State Minister for Power, Energy and Mineral Resources Nasrul Hamid (3rd from left), Chairman of Beximco Group ASF Rahman (3rd from right), Vice Chairman of Beximco Group Salman F Rahman (2nd from right) attend an agreement signing ceremony held at Bidyut Bhaban in the capital yesterday. independent photo

The Bangladesh Power Development Board (BPDB) signed a power purchase agreement (PPA) with Teesta Solar Limited (TSL) and TBEA Xinjiang Sunoasis Co Ltd yesterday to develop a 200-MW Solar PV Power Plant in Sundarganj of Gaibandha.

TSL is a joint venture of the Beximco Power Company Ltd, a sister concern of the Beximco Group, while the TBEA is a private power sector investor company from China.

TSL managing director M Rafiqul Islam, BPDB secretary Mina Masud Uzzaman, Power Division joint secertary Sheikh Faezul Ami, PGCB company secretary Md Ashraf Hossain signed the agreement.

The State Minister for Power, Energy and Mineral Resources, Nasrul Hamid, said as the chief guest that developed countries like the UK and Sweden have already begun the process of switching to electric vehicles from the oil-driven ones.

He also said that the government has fixed the goal of providing electricity to all by increasing the generation of solar power to 3,000 MW by 2021. Moreover, 2,500 MW of electricity would be added to the national grid from next year at a reasonable and affordable price, he added.

Currently, the country’s power generation capacity has reached 15,821 MW, he added.

Salman F Rahman, vice-chairman of the Beximco Group, said: “The environment has become a prime issue these days. We are really happy to be able to contribute to the solar electricity sector, and, more importantly, to the environment-friendly and renewable energy sector, to meet the government’s target of producing 10 per cent of power from renewable sources by 2021, the majority of which will come from solar energy.”

He expressed hope to complete the project before the scheduled time. He pointed out that the economic growth and businesses were progressing smoothly, as the government has been able to successfully deal with the demands of the energy sector.

Citing the agreement, Salman F Rahman said that joint ventures by the government and private investors, including foreign private investors, is a good sign for the sector and especially for the development of the country.  

The plant would bring about multi-faceted socio-economic changes in Sundraganj and the greater Gaibandha region. There would be a great uplift of the entire communication infrastructure in the area as connecting roads would be built to link the project, the contract reads.

It also says that TSL will construct the 200-MW Sundarganj Solar Power Plant at Latshal of Sundarganj in Gaibandha within 18 months. The company will supply electricity to the national grid at a rate of USD 0.15 kilowatt per hour for 20 years under the 'no electricity, no payment’ arrangement.

The company has employed world-class technical consultants to ensure smooth development of the project. Built on an area of approximately 1,000 acres, the plant will use state-of-the-art technology, according to the contract details.

In the present era of adverse climate change, there is a growing concern against the use of fossil fuel in power generation. In this regard, renewable sources, such as solar energy, holds the key to the future. In this context, the Beximco Group has come forward to install the largest grid-linked solar PV power plant through TSL.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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