FloSolar Solutions Ltd, a local renewable energy firm, has entered into a 20-year private power purchase agreement (PPA) with Quality Feeds Group concerns Quality Breeders Ltd and Quality Integrated Agro Ltd recently.
Quality Breeders, which produces high quality day-old chickens, has two facilities in Bogura and Gazipur, while Quality Integrated Agro has its poultry processing plant in Habiganj.
Under the PPA, FloSolar would build, own and operate rooftop solar power systems to provide electricity to the two factories for the next two decades.
Under the net metering system Bangladesh adopted a few years ago, the unused power produced by the solar power systems would be supplied to the national grid, while any shortage would be covered by the national grid, said the FloSolar officials.
"The green power project financed by IDLC Finance Ltd will have a power generation capacity of 656 KW and the factories would be charged less than the off-peak grid tariff, thanks to net metering policy that enabled Bangladeshi industries to have a strong ground to choose renewable energy," said FloSolar Managing Director Mustafa Azim Kasem Khan.
