I Scatec Solar, a Norwegian power producing company, will set up a 800 megawatts solar power plant in Chandpur at a cost of $1.0 billion.
I Scatec Solar and Bangladesh Economic Zones Authority (BEZA) signed a Memorandum of Understanding (MoU) for setting up the plant in Chandpur on Tuesday, said a BEZA media release.
A total of 3,002 acres of land will be required for setting up the power plant, said the Norwegian firm in an initially estimation.
Executive member of BEZA Md Harunur Rashid and I Scatec Solar vice-president Morten Langshold signed the MoU on their respective side.
BEZA executive chairman Paban Chowdhury and ambassador of Norway to Bangladesh Sidcel Blekenmn were present on the occasion.