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Recently, EPC company Proinso UK and Dhaka-based company Joules Power Limited (JPL) announced a partnership to invest in a 28 MW solar project
in Bangladesh.
It is understood that this is the first utility-scale photovoltaic project
in the country.
The Technaf Solartech Energy Limited (TSEL) project is located in Teknaf,
a subdivision of Cox's Bazar in the Chittagong Branch.
The region is the southernmost point of mainland Bangladesh and has a population of over 200,000
.
The project's first year is expected to generate 43,000MWh per annum, and at peak production, the plant supply will cover 80% of
the current electricity demand in the Teknaf area.
GuarantCo, part of the Private Infrastructure Development Group (PIDG), is currently working with developers to provide unconditional credit guarantees
for more than 50% of project debt.
Part of the project funding came from debt financing
from Standard Chartered Bank and One Bank.
JPL's Director of Operations said publicly, "TSEL has overcome challenges and obstacles, advocating for policy changes that even affect the renewable energy sector, paving the way
for future projects that are more accessible to all.
" It's really great to be able to
help our country respond to the threat of global warming and climate change against the global clean energy revolution.
”
Bangladesh aims to have 10 per cent
renewable energy in its energy mix by 2020.
:/, please indicate the source for reprinting)
Recently, EPC company Proinso UK and Dhaka-based company Joules Power Limited (JPL) announced a partnership to invest in a 28 MW solar project
in Bangladesh.
It is understood that this is the first utility-scale photovoltaic project
in the country.
The Technaf Solartech Energy Limited (TSEL) project is located in Teknaf,
a subdivision of Cox's Bazar in the Chittagong Branch.
The region is the southernmost point of mainland Bangladesh and has a population of over 200,000
.
The project's first year is expected to generate 43,000MWh per annum, and at peak production, the plant supply will cover 80% of
the current electricity demand in the Teknaf area.
GuarantCo, part of the Private Infrastructure Development Group (PIDG), is currently working with developers to provide unconditional credit guarantees
for more than 50% of project debt.
Part of the project funding came from debt financing
from Standard Chartered Bank and One Bank.
JPL's Director of Operations said publicly, "TSEL has overcome challenges and obstacles, advocating for policy changes that even affect the renewable energy sector, paving the way
for future projects that are more accessible to all.
" It's really great to be able to
help our country respond to the threat of global warming and climate change against the global clean energy revolution.
”
Bangladesh aims to have 10 per cent
renewable energy in its energy mix by 2020.
:/, please indicate the source for reprinting)
/
