Metito-led consortium wins 55MWe solar project with $0.0748/kWh bid
The solar plant will be built in Rangunia, Bangladesh, on a build-own-operate (BOO) basis under a 20-year concession deal
A consortium led by Metito Group – which includes solar power producer, Jinko Power, and the energy and water arm of Saudi's AlJomaih Holding Company, AlJomaih Energy and Water – has been awarded the Rangunia 55 megawatts electric (MWe) ac grid-tied solar power plant project by the government of Bangladesh.
The project was awarded to the consortium by the Bangladesh Power Development Board (BPDB) following approval from the Power Division of the government's Ministry of Power, Energy, and Mineral Resources (MPEMR).
The consortium was recognised by BPDB as the lowest bidder with a tariff of $0.0748/kWh, accounting for the lowest tariff ever reported in Bangladesh.
The project, which is expected to be developed on a build-own-operate (BOO) basis under a 20-year concession agreement, is in line with Bangladesh's vision to reduce environmental pollution .
The solar power plant will be constructed in Rangunia, in Chattogram, Bangladesh, on a BPDB-provided land. The project is expected to be commissioned by the second half of the year 2021.
The power plant is expected to be connected to the 132/33 kilovolts Chandraghona grid substation by a single circuit 132 kilovolts line.
The solar power plant will mark Metito’s first alternative energy project in Bangladesh.
Commenting on the project win, chief executive officer of Aljomaih Energy and Water, Ibrahim M Aljomaih, said: "This milestone renewable project demonstrates our commitment to the Bangladeshi Energy Sector, which is the primary growth engine for the entire Bangladeshi economy. AlJomaih Energy and Water has operated in this critical sector in Bangladesh for the past 12 years and we are pleased to reaffirm our confidence in the country's economy."