Big push for renewable energy
State-owned North-West Power Generation Company Ltd has signed a
memorandum of understanding with China’s state-run China National
Machinery Import and Export Corporation (CMC) to develop renewable
energy-based power plant projects with a generation capacity totalling
500-megawatt.
The proposed plants to be developed include a Sirajganj 100MW grid-connected photovoltaic solar power plant, Pabna 60MW grid-connected PV plant, Payra 50MW wind power plant, and some other projects of a combined generation capacity of 290MW.
The NWPGCL and the CMC will have 50-50 equity in the proposed joint venture, according to the MoU which was signed at a programme at InterContinental Dhaka on Tuesday.
The joint venture entity will work for quick project financing and securing foreign direct investment, according to a statement circulated at the event.
Addressing the ceremony, Prime Minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury welcomed the partnership between Dhaka and Beijing in development of renewable energy.
He urged both companies to utilise the country’s land in implementing the project.
NWPGCL Managing Director Md Khurshedul Alam and CMC Chairman Ruan Guang inked the MoU. Power Secretary Ahmad Kaikaus and Bangladesh Power Development Board Chairman Khaled Mahmood also spoke on the occasion.
The NWPGCL is implementing a 7.6 MWp grid-connected PV solar power plant project on a pilot scheme, which will begin producing power in 2020. MWp is a solar power measure in PV industry to describe a unit’s nominal power.
The NWPGCL has already formed a joint venture, Bangladesh-China Power Company Ltd, with the CMC to implement a Payra 1,320MW thermal power plant project, the country’s first ultra-super critical power plant. The plant is set to commence commercial operation by December this year.
The proposed plants to be developed include a Sirajganj 100MW grid-connected photovoltaic solar power plant, Pabna 60MW grid-connected PV plant, Payra 50MW wind power plant, and some other projects of a combined generation capacity of 290MW.
The NWPGCL and the CMC will have 50-50 equity in the proposed joint venture, according to the MoU which was signed at a programme at InterContinental Dhaka on Tuesday.
The joint venture entity will work for quick project financing and securing foreign direct investment, according to a statement circulated at the event.
Addressing the ceremony, Prime Minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury welcomed the partnership between Dhaka and Beijing in development of renewable energy.
He urged both companies to utilise the country’s land in implementing the project.
NWPGCL Managing Director Md Khurshedul Alam and CMC Chairman Ruan Guang inked the MoU. Power Secretary Ahmad Kaikaus and Bangladesh Power Development Board Chairman Khaled Mahmood also spoke on the occasion.
The NWPGCL is implementing a 7.6 MWp grid-connected PV solar power plant project on a pilot scheme, which will begin producing power in 2020. MWp is a solar power measure in PV industry to describe a unit’s nominal power.
The NWPGCL has already formed a joint venture, Bangladesh-China Power Company Ltd, with the CMC to implement a Payra 1,320MW thermal power plant project, the country’s first ultra-super critical power plant. The plant is set to commence commercial operation by December this year.
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