Sympa Solar Power Limited (“Sympa Solar”), a joint-venture company of Symbior Solar (“Symbior”), a leading developer of solar PV power plants in Asia, and Paragon Group (“Paragon”), a leading industrial group in Bangladesh, announced that they signed Implementation Agreement and Power Purchase Agreement (PPA) for their 8MW ac solar power plant to be installed in Tetulia, Panchaghar in north-western Bangladesh.
The 10MWdc/8MWac Project will generate clean and sustainable solar energy under a 20-year PPA to the Power Development Board of Bangladesh (“BPDB”), the country’s major electric utility.
Sympa is initiating commencement of construction on the site immediately and is proceeding swiftly to become one of the first utility scale solar PV projects to achieve commercial operation in Bangladesh.
In the Signing Ceremony the Honorable Joint Secretary of the Power Division Faizul Amin and Mohammad Alauddin , Honorable Secretary of BPDB Mina Masuduzzaman, Honorable Director of IPP Cell-1 Md. Fazlul Haque, Mangaing Director of Sympa Solar Florian Bennhold, Director of Engineering Stefan Duthel, Head of Business Development of Paragon Group Shaheen Sarwar Hossain, Country Director of Symbior Solar Farooq Siddiqui and other higher officials of the government of Bangladesh were present.