Teesta Solar Limited (TSL), a joint venture of Bangladesh’s Beximco Power Company Ltd and China’s TBEA Xinjiang Sunoasis Co Ltd has signed a power purchase agreement (PPA) with Power Development Board (PDB) to develop a 200 MW (AC) solar power plant in Gaibandha. Under the agreement, the PDB will purchase electricity from TSL’s plant for 20 years at the tariff of 15 US cents per kilowatt hour. Beximco Power will hold 80 % share of the venture while the rest portion will belong to the Chinese firm. TSL also inked an implementation agreement (IA) with Ministry of Power, Energy and Mineral Resources, and Power Grid Company of Bangladesh (PGCB) Limited in this regard. PDB Secretary Mina Masud Uzzaman and TSL Managing Director M Rafiqul Islam signed the PPA on behalf of respective companies.

Source: Dhaka Tribune October 26, 2017 18:56 UTC