Bangladesh Power Development Board And ib Vogt Sign Agreement For 50 Mwac Solar Power

During a signing ceremony in Dhaka, the Power Division under the Ministry of Power, Energy and Mineral Resources, the Bangladesh Power Development Board (BPDP) and Power Grid Bangladesh PLC have signed a Power Purchase Agreement (PPA) and Implementation Agreement (AI) for a 50 MWac solar PV plant with Sonagazi Solar Power Limited, sponsored by ib vogt. The ceremony was presided by Nasrul Hamid, the Minister of State for Power, Energy and Mineral Resources. Clean energy will be delivered from a newly built solar plant to the grid under a fixed tariff with the BPDP for around USD 0.1094 per kWh for 20 years. The project is advancing the target set by the Bangladesh government to cover 40% of the country’s power generation with clean power by 2041.

This is the first project developed in the country by international solar development platform ib vogt and it is expected to begin commercial operation in the second half of 2025. The company will also provide EPC Management throughout construction and Asset Management during operation of the solar plant. As part of the project’s biodiversity approach, comprehensive environmental assessments are being carried out to ensure that the mammals, amphibians, birds and reptiles present on site are not negatively impacted. A similar concept is being followed for social topics, where the necessary assessment and effective communication channels are setting the baseline for future actions to support vulnerable groups. Any necessary mitigation measures will be incorporated into the project-specific Environmental and Social Management System (ESMS).

The solar power plant will be built in the north of the Chittagong District, near Baraiyarhat 132/33kV grid substation, with an installed capacity of approximately 68 MWp. ib vogt, together with all local teams involved, have carefully selected this project site due to its non-agriculture nature and minor impact to the local community. The power produced equals the average consumption of more than 50,000 households and is estimated to save up to 70,000 metric tonnes of CO2 emissions yearly. The project will be constructed using high efficiency bifacial modules with a fixed tilt substructure.

“Bangladesh is taking concrete steps to bring solar power to their grid, giving people access to clean, renewable energy. We are honored to be part of this transition and would like to thank BPDB, PGCB, Minister of Power, Energy and Mineral Sources for their continuous support, constructiveness and commitment on enabling us reaching this milestone, to project site landowners that accommodate our international standards for the acquisition structure of the land and our advisors,“ said Anton Milner, CEO of ib vogt. “We are looking forward to bringing this project to reality, not only for the environmental benefits of carbon free energy, but also for the positive impact we are hoping to make for the local community.”