US$24.3 million financing package issued for 20 MW solar plant in Bangladesh
The Asian Development Bank (ADB) has signed a US$24.3 million financing package with Muktagacha Solartech Energy Limited (MSEL), a subsidiary of Bangladesh-based energy company Joules Power Ltd.(JPL) to establish a grid-connected 20 MW solar photovoltaic power plant in Mymensingh, Bangladesh.
The package consists of a US$15.5 million loan from the ADB and a US$8.8 million loan from Leading Asia’s Private Infrastructure Fund 2 (LEAP 2), which is administered by the ADB.
Once operational the solar power plant will generate 37.9 gigawatt-hours of electricity annually and avoid 18,344 tons of carbon dioxide emissions annually.
LEAP 2 is an ADB-managed fund with a US$1.5 billion commitment from the Japan International Cooperation Agency. It focuses on sustainable private sector infrastructure projects that reduce carbon emissions, improve energy efficiency, and provide affordable health care, education, and communication services to ADB’s developing member countries.
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May 08, 2024
Financing announced for 100 MW Solar PV project in Bangladesh
The Asian Development Bank (ADB) has signed a US$121.55 million financing package with Dynamic Sun Energy Private Limited to build and operate a 100 MW grid-connected solar photovoltaic power plant in Pabna, Bangladesh.
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March 06, 2019
World Bank to invest US$185 million in renewable energy development in Bangladesh
The World Bank has announced that it has approved a US$185 million investment to add up to 310 MW renewable energy generation capacity in Bangladesh and mobilize private sector participation to meet the growing demand for electricity in the country.
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May 08, 2018
Joint venture agreement signed for 1,320 MW coal-fired power project in Bangladesh
Bangladesh Power Development Board (BPDB) and China Huadian Hong Kong Company Ltd (CHDHK) have signed a joint venture agreement to construct a 1,320 MW coal-fired power plant in Maheshkhali, Cox's Bazar, a district in the south-east of Bangladesh. The estimated cost of the project is US$2 billion.
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March 27, 2018
Contract framework agreement signed for 2000 MW coal-fired power plant in Bangladesh
GCM Resources, a London-based resource exploration and development company, has announced that it has agreed a Contract Framework Agreement with China Gezhouba Group International Engineering Co. (CGGC) which awards CGGC the exclusive right for the engineering, procurement, construction, and commissioning of a proposed 2,000MW mine-mouth thermal power plant which is part of GCM's Phulbari Coal and Power Project in north-west Bangladesh.
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March 20, 2018
MoU signed for US$3 billion LNG-power project in Bangladesh
Summit Power International has announced that its subsidiary Summit Corporation Limited has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation and its subsidiary Diamond Gas International to develop a LNG-to-Power project in Matarbari, Moheskhali, Bangladesh, which is expected to cost up to US$3 billion.
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