PM Sheikh Hasina Inaugurates 200MW Solar Power Plant

PM Sheikh Hasina Inaugurates 200MW Solar Power Plant

In a momentous event, Prime Minister Sheikh Hasina unveiled Teesta Solar Ltd, a colossal 200-megawatt (MW) solar power plant, solidifying its position as the largest renewable resource-focused power generation facility in the nation. The grand inauguration ceremony took place at Rangpur Zilla School premises amidst the cheers of onlookers and dignitaries.

Beximco Power Ltd is the driving force behind a remarkable venture, investing a massive $300 million to create an innovative solar power plant. Located strategically over a vast 650-acre area in Sundarganj upazila of Gaibandha’s northwestern district, the Teesta Solar Ltd aims to revolutionize the country’s energy landscape.

The power plant construction began in 2017, and they installed around 5.50 lakh solar panels. To connect the electricity to the national grid, they built a 35 km power transmission line with 122 towers, each operating at 132 kilovolts.

With a prodigious daily electricity production capacity of 200MW, Teesta Solar Ltd is poised to make a substantial impact on Bangladesh’s energy supply. The plant will efficiently channel its power to the national grid, serving as a reliable and sustainable source of electricity for countless households and industries.

Chairman of Beximco Power Limited, Shayan F Rahman, highlighted the significance of the renewable energy sector for the nation’s future. He passionately stated, “We believe that the renewable energy sector will play a pivotal role in shaping the future of our country.” The visionary leader also disclosed their pioneering initiative in the private sector – the launch of the first sukuk bond in Bangladesh, specifically tailored to finance this groundbreaking solar power project.

A sukuk, an Islamic financial certificate that operates in harmony with the principles of Islamic finance, proved to be an ingenious financial instrument in paving the way for Teesta Solar Ltd. Bold Plans for the Future:

The inauguration of the 200MW solar power plant marks a historic milestone in Bangladesh’s journey towards sustainable energy solutions. It reflects the nation’s determination to embrace renewable resources and mitigate the impacts of climate change, setting a precedent for other countries to follow

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