Daffodil International University (DIU) has signed a Power Purchase Agreement (PPA) with Paramount Group to implement a 3.4-megawatt solar power project aimed at expanding the use of renewable energy on campus.
To mark the occasion, a signing ceremony was recently held at the university’s permanent campus, Daffodil Smart City.
Among those present at the event were Paramount Group Chairman Shakhawat Hossain; Chairman of the DIU Board of Trustees Mohammad Sabur Khan; Vice-Chancellor M R Kabir; Pro Vice-Chancellor Mohammad Masum Iqbal; Treasurer Hamidul Haque Khan; Registrar Mohammad Nadir Bin Ali; and Trustee Board Member Mohammad Imran Hossain.
According to a press release, the initiative aims to expand the use of renewable energy and develop a more sustainable and environmentally friendly campus.
The project will be implemented under the OPEX (Operational Expenditure) model, allowing the university to benefit from solar power without making any upfront investment. The arrangement is also expected to ensure stable energy costs for the institution in the long term while promoting clean energy use.
