Energypac Eletronics Limited has signed a Joint Development Agreement (JDA) with MPWRNRGY Pte. Ltd. (Singapore) recently to co-develop solar power plants in Bangladesh.
These solar plants will provide electricity to the national grid through long-term Power Purchase Agreement (PPA) or existing net metering system approved by Bangladesh government, said a release.On this occasion, Ahmed Mashroor Huda, Head of Brand and Market Communication of Energypac Electronics Limited said, "Solar Parks produce safe and clean energy. Developing clean and renewable energy has become vital for Bangladesh to meet the SDGs within the stipulated time.”
Nabeel Ismeer, Co-Founder of MPWRNRGY added, "This is the right time for Bangladesh to integrate renewables into the grid, implementing additional solutions such as energy storage improving stability and downtime. Hence, we are pleased to sign this JDA with Energypac Electronics Limited."