Saudi Arabia’s ACWA Power and Bangladesh Power Development Board (BPDB) have signed a non-binding memorandum of understanding (MoU) to set up a solar power plant in Bangladesh having capacity of producing power of 1000 Megawatt, reports UNB.
Welcoming the initiative, State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the investment and technological assistance from ACWA will help Bangladesh achieve its clean energy by 2041 goal.
He said Bangladesh has been promoting renewable energy in various ways.
“The government has been working in a coordinated manner to promote renewable energy. State-owned Sustainable and Renewable Energy Development Authority (SREDA) is providing necessary technological support and consultations,” he said at the contract signing ceremony held at Biduyt Bhaban in Dhaka on Monday.
BPDB Board Secretary Mohammad Selim Reza and ACWA Power Business Development Department’s Executive Director Ayad Al Amri signed the MoU on behalf of their respective organization.
As per the non-binding MoU, ACWA Power will provide technological and financial support while BPDB will extend its administrative support for the implementation of 1000MW solar power project.
With BPDB chairman Md Mahbubur Rahman in the chair, the MoU signing event between BPDB and ACWA Power was also addressed by power secretary Habuibur Rahman and Saudi Arabia’s ambassador to Bangladesh Essa Bin Yousef Al Duhailan.
ACWA is a developer, investor and operator of power generation and desalinated water plants with 67 assets in operation, construction or advanced development across 13 countries.
Bd-pratidin English/Lutful Hoque
