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Saudi firm, BPDB to set up 1000MW solar power plant in BD

30 November 2022


Staff Reporter :
Saudi Arabia's ACWA Power will install a 1000MW solar power plant in Bangladesh. Such investment and technology of the ACWA will help Bangladesh  achieve its clean energy goal of 2041 set up by the government of Bangladesh.
A non-binding Memorandum of Understanding (MoU) has been signed between Saudi Arabia's ACWA Power and the state-owned Bangladesh Power Development Board (BPDB) in this regard.
BPDB Board Secretary Mohammad Selim Reza and ACWA Power business development department's Executive Director Ayad Al Amri signed the MoU on behalf of their respective organisations.
"The government has been working in a coordinated manner to promote renewable energy. State-owned Sustainable and Renewable Energy Development Authority (Sreda) is providing necessary technological support and consultations," State Minister for Power, Energy and Mineral Resources Nasrul Hamid said at the contract signing ceremony at the city's Biduyt Bhaban on Monday.
The State Minister said Bangladesh has been supporting renewable energy in different ways and the application of modern technology is essential to overcome the land-scarcity-related problem. "We hope ACWA will bring that solution which will help achieve our goal for 2041," Nasrul Hamid said.
As per the non-binding MoU, ACWA Power will provide technological and financial support while BPDB will extend its administrative support for the 1000MW solar power project.
With BPDB Chairman Md Mahbubur Rahman in the chair, the function was also addressed by Power Secretary Habibur Rahman and Saudi Arabia's Ambassador to Bangladesh Essa Bin Yousef Al Duhailan.

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