Bangladesh has granted approval for two Japanese firms and one Chinese company to invest in three solar-based power plants. These projects, sanctioned by the cabinet committee on purchase, will be located in Dinajpur, Bandarban, and Feni. Together, they will generate 370 megawatts of electricity, with the government committing to purchase power for 20 years.
In Dinajpur, a 200MW plant will be established at the Barapukuria coal mine area, involving a Tk 7,168 crore investment by a consortium of Parker Bangladesh and Japan’s Sumitomo Corporation, with an electricity cost of Tk 11.06 per kilowatt-hour. In Bandarban, a joint venture featuring China’s Fujian Yongfu Power Engineering Company Ltd will construct a 70MW plant, costing Tk 2,486 crore, with electricity priced at Tk 10.96 per unit. Meanwhile, Marubeni Corporation will invest in a 100MW plant in Feni, estimated at Tk 3,580 crore, offering power at Tk 11.05 per unit.
This move aligns with Bangladesh’s goal to increase renewable energy’s contribution to 40% of its total power generation capacity by 2041, currently standing at 1,194 MW out of 23,871 MW. Additionally, the government continues to import liquefied natural gas (LNG) from the international spot market, with the 22nd shipment costing Tk 643.26 crore and supplied by Gunvor Singapore Pte Ltd at $14.87 per unit.
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