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1000MW Solar Power Projects

BPDB signs MoU with Saudi ACWA Power

  • Special Correspondent
  • 30 November, 2022 12:00 AM
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BPDB signs MoU with Saudi ACWA Power
BPDB Secretary Mohammad Selim Reza and ACWA Power Executive Director (Business Development) Ayad Al Amri is seen signing an MoU for setting up 1000MW solar power in the capital on Monday. State Minister for Power, Energy and Mineral Resources Nasrul Hamid is also seen.

Bangladesh Power Development Board (BPDB) signed a non-binding memorandum of understanding with Saudi ACWA Power to set up a series of solar power projects in Bangladesh.

The signing of the MoU came at a time when a decision was adopted at COP 27 climate conference this month to create a climate change fund on loss and damage.

Bangladesh is expected to get a major chunk to expand its renewable energy projects.

BPDB secretary Mohammad Selim Reza and executive director of business development of ACWA Power Ayad Al Amri signed the deal on behalf of their organisations on Monday.

At the 27th Meeting of the Conference of Parties to the UN Framework Convention on Climate Change recently, UN Secretary-General António Guterres said, “To have any hope of keeping to 1.5, we need to massively invest in renewables and end our addiction to fossil fuels.”

As per the MoU, the ACWA Power will provide funds and technology for setting up the power projects and BPDB will provide administrative support to the projects.

At the function, State Minister for Power and Energy Nasrul Hamid said the ACWA Power has shown interest to set up solar power projects having combined capacity to generate 1000 megawatt of electricity. 

He said the government is working to expand renewable energy with the technical support of SREDA here.

Nasrul Hamid said Bangladesh would encourage the expansion of renewables. “It’s necessary to transform modern technology for renewable energy expansion,” he added.

The state minister hoped that the investment of ACWA Power will help Bangladesh’s plan to expand clean energy in 2041.

BPDB chairman Md Mahbubur Rahman chaired the MoU signing ceremony attended by Power Secretary Md Habibur Rahman and Ambassador of the Kingdom of Saudi Arabia to Bangladesh Essa bin Yousef Al Duhailan.