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Private Sector | Not Classified - Saudi Arabia | PID: 186653

The Electricity Generation Company of Bangladesh (ECGB) and Alfanar of Saudi Arabia have signed an agreement for the construction of 100 MW of solar power projects. The total capacity of 100 MW is divided into two 50 MW solar projects, and they will be developed as a joint venture project at Sonagazi in Feni district of Bangladesh. The memorandum of understanding (MoU) for the project was signed in October 2018. Bangladesh has become an attractive investment destination for solar projects in the Indian subcontinent. Recently, Mercom reported that the World Bank had approved $185 million to facilitate 310 MW of renewable energy generation capacity in Bangladesh to meet the growing demand for electricity in the country. The funding is also expected to encourage private sector participation in developing renewable energy projects in the country | Updated on: 15 - Mar - 2019

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