IFC extends support for solar project in Bangladesh
The International Finance Corporation, a unit of the World Bank, has entered into an agreement with the Sustainable and Renewable Energy Development Authority (SREDA) of Government of Bangladesh for the support of the planned 35 to 50 MW solar photovoltaic project.
IFC will take the lead as the transaction advisor on the planned project in the Kushtia district and will structure the project under the public-private partnership model.
The funding for IFC is backed by the European Commission's Directorate General for International Cooperation and Development, Germany's Federal Ministry of Economic Cooperation and Development, and the Sustainable Development Investment Partnership.
Country updates
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October 22, 2019
ACWA Power, BPDB sign MOU for 3,600 MW gas fired Independent Power Plant in Maheshkhali
ACWA Power has signed a Memorandum of Understanding with the Bangladesh Power Development Board (BPDB) for a LNG-based power plant and terminal in Bangladesh. As part of the agreement, ACWA Power will...
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October 14, 2019
JERA invests US$330 million to buy 22% stake in Summit
In a move to establish major energy infrastructure, including power generation projects in Bangladesh, JERA Co., has acquired a 22% stake in Summit Power International Limited for US$330 million. Sum...
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October 03, 2019
Ib vogt tie, AG Agro won a cotract to construct a 50 MW solar PV project in Bangladesh
Ib vogt GmbH and AG Agro Industries Ltd have won a competitive tender process for the construction of a 50-MW grid-connected solar park in Chattogram, Bangladesh. Together with local partner&nbs...
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July 12, 2019
Bangladesh launches tender for 100 MW solar projects in Chuadanga and Netrokona
The Bangladesh Power Development Board (BPDB) has launched a tender for the development and construction of two solar photovoltaic plants with a combined capacity of 100 MW. BPDB seeks interest...
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April 05, 2019
Summit signs 22-year PPA for upcoming 583 MW gas power plant; GE to co-develop plant in Bangladesh
Summit and GE Power will proceed with the co-development of Summit Meghnaghat II, a 583 MW combined cycle gas power plant at Meghnaghat, near Dhaka, Bangladesh. The announcement follows the signing o...
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