Bangladesh Solar Power JV

Generating renewable power for off-grid areas through a ground-mounted solar project

Context

The government of Bangladesh (GOB) has a vision to provide electricity at an affordable price to all citizens by 2021. Bangladesh aims for renewable energy to make up a 10% share of total energy generation capacity by 2021. GOB has undertaken various initiatives to promote renewable energy from different sources like solar, wind, biomass, bio-gas, and hydro to achieve this target. Among those, solar power has been identified as the source with most potential for sustainable energy generation. InfraCo Asia Development’s role in supporting development in Bangladesh’s renewable energy sector will be to help establish a world-class approach to the execution and implementation of solar power projects.

The Project

InfraCo Asia Development has formed a joint venture company Green Solar Energy Pte Ltd. in Singapore in partnership with Global Greengen Ltd, a UK company, and Greencells GmBH, from Germany, to pursue a ground-mounted solar project in Bangladesh. InfraCo Asia, along with its partners, have identified certain sites, and in the first phase will submit a proposal to the GOB to request for a bankable tariff and project agreements (including Implementation Agreement (IA) and Power Purchase Agreement (PPA), through unsolicited negotiation process.

Project Overview
Company
Green Solar Energy Pte Ltd.
Country
Bangladesh
Region
Bangladesh
Sector
Power (Solar)
Size
10MW - 100 MW
Status
Site identification work underway
Timeline
  • Joint Venture Company formed in 2017
  • Financial Close expected in 2020
Total Project Cost
Estimated $45M based on a 30MW project (subject to due diligence)
Funding Committed
$240,000 (until submission of project proposal to GOB)
IAI Investment
N/A
Other Shareholder(s)
Global Greengen Ltd. and Greencells GmBH
Suppliers

N/A

Development Impact
  • ~ 157,000 people with improved access to power
  • Short-term jobs during construction and long-term jobs in operation
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Company Registration No. 200901920D
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