Deal #7531

Land area

Intended size

1 214.06 ha

Size under contract (leased or purchased area)

[2021-05-20, current] 404.69 ha

Comment on land area

Electricity Generation Company of Bangladesh Ltd. (an organization of the Bangladesh Electricity Development Board under the Department of Power) is a government organization through which land acquisition work has already begun to establish this project on a 404.686 ha of land.

Intention of investment

[2021-05-20, current] Solar park (404.69 ha)

Comment on intention of investment

The Electricity Generation Company of Bangladesh (EGCB) Ltd, a state-owned power generation entity, is set to build three more solar power plants of 300MW( 100MW each) capacity at Sonagazi upazila under Feni district, reports BSS.

Carbon offset project

Yes

Comment on carbon offset project

According to the experienced Mahal, the problem of electricity is becoming the main problem of the country as the industrial factories are being built day by day. As a way of carbon reduction and alternative source of energy supply, Govt. took this investment decision.

Nature of the deal

Outright purchase, Lease

Negotiation status

[2021-05-20, current] Concluded (Contract signed)

Comment on negotiation status

MoU was approved by Bangladesh Ministry of Power, Energy and Mineral Resources, an organization operating above EGCB and BPDB.

Implementation status

[2024-04-24, current] Project not started

Comment on implementation status

Project has not started yet. All phases are currently under land acquisition and/or feasibility study. Probable launch date is June 2026 for Phase 1 and 2, Phase 3 is projected to be done by 2026 December

Contract farming

No