Beximco to build 230MW solar plants

Oct 8, 2021 03:21 PM ET
  • Beximco Ltd yesterday revealed that it was mosting likely to build 230-megawatt (MW) solar utility-scale power plants at Gaibandha at an expense of Tk 1,700 crore.

A utility-scale facility is one which supplies the electricity generated to the grid. Such facilities have a power acquisition contract with an energy for a set term.

However, the company's share price on the Dhaka Stock Exchange (DSE) went down 4.54 per cent to Tk 140 yesterday.

The stock price has doubled from Tk 69 in a period of the last 6 months.

Teesta Solar Limited and also Korotoa Solar Limited, 2 subsidiaries of Beximco Power Company Limited, will certainly provide 200MW as well as 30MW specifically, according to a disclosure from the company.

"This will make Beximco the undisputed leader in utility-scale solar power production in Bangladesh," it said.

The 230MW in alternating current (air conditioning) will certainly call for the plants to generate 325MW in straight existing (dc) and afterwards carrying out the conversion utilizing inverters, explained Rafiqul Islam, an executive director of Beximco Group.

The plants shall be appointed by mid-2022, said the company.

"As the job price is now forecasted, so we offered the cost sensitive info to the stock financiers," claimed Islam.

The contract to mount solar modules has actually been granted to LONGi Solar Technology Company Limited, one of the world's leading producer of high-efficiency mono-crystalline solar cells and also modules.

The contract for design, purchase, building and construction, commissioning as well as procedure and also maintenance of the primary plant has actually been offered to a consortium comprising Rays Power Infra Private Limited and also Zetwerk Production Businesses Personal Limited.

The switchyard and substation agreement, including control remedies, has actually been awarded to ABB, one of the leading worldwide technology companies.

The transmission line engineering, purchase and also building agreement has actually been awarded to Confidence Infrastructure Limited.

The line will certainly be 35.35 kilometres in length, running from Sundarganj, Gaibandha to a Rangpur grid substation.