The government has approved proposals to set up four solar power plants to generate 420 megawatts (MW) of electricity for 20 years.
The cabinet committee on public purchase recently approved proposals of Bangladesh Power Development Board in this regard, according to a press release.
As per the proposals, a 240 MW plant will be set up in Trishal of Mymensingh through a joint venture of Energon Renewables (BD) Ltd, one of Orion Group's concerns, and PWR Energy Trading LLC.
The plant will approximately cost Tk 8,553.60 crore while the unit price will be Tk 10.995 per kilowatt hour (kWh).
Another 30 MW solar power plant will be established in Chakaria of Cox's Bazar by a consortium of DH Euro Hitech Co. Ltd of South Korea and NewTech Solar Energy BD Ltd of Bangladesh at an estimated Tk 1,072.80 crore. Its unit price will be Tk 11.03 per kWh.
Another 50 MW solar power plant will be set up in Cox's Bazar sadar upazila by Joules Power Ltd at an approximate cost of Tk 1,771.20 crore and unit price of Tk 10.94 per kWh.
Apart from that, the consortium of Asian Entech Power Corporation Ltd and Axia Power Holdings B.V. Company will set up a 100 MW solar power plant in Mongla of Bagerhat.
The investment will cost approximately Tk 3,564 crore and the unit price will be Tk 10.99 per kWh.
It also approved another proposal of Petrobangla to import 33.60 lakh MMBTUs (million British thermal units) of liquefied natural gas (LNG) from M/S Excelerate Energy LP in USA at a total cost of Tk 542.27 crore.
