Korean global business brand Youngone is going to set up the largest rooftop solar power project with a cumulative capacity of 40 megawatts (MW) in Bangladesh.
The project costing an estimated $40 million will be accomplished in three phases and will cover all the buildings in the EPZ, according to the KEPZ authorities.
Meeting its own demand, KEPZ will supply surplus power to the national grid. KEPZ authorities have signed a deal with BPDB in this regard.
In the first phase, a 16MW solar photovoltaic (PV) power plant – the largest ever rooftop solar PV system in the country till dated, has been installed at the expense of $16 million. In the second phase, a 4.3MW system that involves a cost of $4.3 million is expected to be completed by October this year.
Again, another 20MW system – to be set up as an Independent Power Plant (IPP) within a 12-month timeframe in phase-3 of the project.
The power plant will be connected to the national grid and will be eligible for exporting excess power to the grid under a net metering system.