The Haryana-based renewables company, which is part of a bike and motorbike manufacturing conglomerate, will be paid $0.1025/kWh by the Bangladeshi government for the electricity that will be generated by a 50 MW plant in Khulna district, with the power purchase deal running for 20 years.
The figures paint a better picture for India than other Asian nations, where fossil fuel-based generation accounted for a much bigger share in meeting the rise in electricity demand.
The federal government will provide INR968 crore of soft loans for a INR1307 crore, 100 MW solar park near the Jamuna river in Bangladesh’s Jamalpur district, where a second park of a similar size is being planned by Dhaka and a Chinese partner.
Doubling down on renewable energy investment and energy transition spending is required to ensure a truly green global recovery from the Covid-19 crisis and its economic aftershock, claims the International Renewable Energy Agency.
The New Delhi-based developer is planning a 50 MW plant after the 100 MW facility originally proposed was stymied by the power evacuation equipment available at the Khulna site.
Dipal C Barua started installing rooftop solar systems in Bangladesh when the PV industry itself was in its infancy, with his company Grameen Shakti. Now heading up the Bright Green Energy Foundation, Barua installs small residential systems, streetlights, and irrigation pumps throughout rural Bangladesh under various government programs.
The government has signed Memorandum of Understanding with Bhutan, Bangladesh, Nepal, and Myanmar to inter-alia improve power connectivity and enhance energy trading in the region.
The renewables business of the conglomerate will undertake its first project across the border by providing engineering, procurement and construction services on a Rs12.6 crore, 3.1 MW array for a German-Bangladeshi knitwear company which will buy the power generated for Rs5.71518/kWh.
Dhaka has heeded complaints about Indian manufacturers allegedly dumping sub-standard PV products over the border and issued a requirement for modules, inverters, charge controllers and batteries to attain IEC electrical standards.
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