Saudi Support For 100 MW Solar In Bangladesh

Saudi Arabia’s Alfanar To Support Electricity Generation Company Of Bangladesh To Develop 2x50 MW Solar Power Projects As Joint Venture Partner
06:49 PM (Beijing Time) - 13. March 2019

While the 100 MW solar project in Bangladesh was first envisioned in October 2018, Alfanar and EGCB signed a MoU for the development in March 2019. (Photo Credit: EGCB/Facebook)

Key Takeaways

  • Alfanar of Saudi Arabia has signed an agreement with Bangladesh’s EGCB to develop 2 solar power projects of 50 MW each
  • These solar power projects will be located in Sonagazi in Feni district in Bangladesh
  • Both the companies plan to develop these projects under a joint venture

Saudi Arabia based infrastructure firm Alfanar will develop 100 MW of solar capacity in Bangladesh in a joint venture with the Electricity Generation Company of Bangladesh (EGCB). The 2 signed an agreement to this effect on March 7, 2019.

EGCB says the capacity will be deployed in form of 2 projects of 50 MW each at Sonagazi in Feni district. A brief statement on this development was shared by EGCB that also shared that the memorandum of understanding (MoU) was signed on October 17, 2018 in Riyadh when the project was first envisioned.

In November 2018, EGCB had issued an expression of interest seeking a JV partner to help develop 100 MW solar power project in Sonagazi, Feni, while specifying interested companies should apply in individual capacity and not as a consortium (see Bangladesh Utility Wants Partner For PV Project).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani