PPA agreement signed for 50 MWac solar power in Bangladesh

The Bangladesh Power Development Board (BPDP) and Power Grid Bangladesh PLC have signed a Power Purchase Agreement (PPA) and Implementation Agreement (AI) for a 50 MWac solar PV plant with Sonagazi Solar Power Limited, sponsored by ib vogt.

Located in the Mirsharai sub-district of Chittagong district, the plant will be owned and operated by the special-purpose vehicle Sonagazi Solar Power Ltd and will be built in 15 months. The Bangladesh Power Development Board (BPDB) will buy electricity from the power plant for US$0.1094/kWh for 20 years. The solar power plant will be built in the north of the Chittagong District, near Baraiyarhat 132/33kV grid substation, with an installed capacity of approximately 68 MWp. The power produced equals the average consumption of more than 50,000 households and is estimated to save up to 70,000 metric tonnes of CO2 emissions yearly. The project will be constructed using high-efficiency bifacial modules with a fixed-tilt substructure. It is expected that the plant to begin commercial operation in the second half of 2025.